The penny has been used in many day to day scenarios and is recognized throughout history and even dates back to the Frankish Empire. However, many people see the penny as useless and not cost-effective. The reasoning behind this thinking is that the penny cost more to produce than its actual value, and they take up too much space and time. The cost of pennies is causing a lot of unwanted debt due to pricing for the materials.
The Department of Defense recognized the uselessness of the penny so they abolished the use of pennies at overseas military bases more than 30 years ago. Now, instead of using the penny these bases use the round up and round down method. The reason these bases abolished the penny is because the penny is “too heavy and not cost-effective to ship.” (4) This is also true in the United States as well. The penny has become completely obsolete and is no longer cost-effective to ship across the country.
In a capitalist world, there are many opportunities to succeed, but an individual must be willing to work hard in order to ascend the social ladder. In Nickel and Dimed by Barbara Ehrenreich, she undergoes an experiment to see whether or not the average low-wage worker can get by in America. Ehrenreich claims that based on the wages that the low wage worker receives, he/she can not really get by and thus they don’t really have a way to get up out of poverty. However, the working poor do in fact have an opportunities to succeed, such as working up the corporate ladder from the bottom and saving money to build wealth, making Ehrenreich’s argument invalid.
That is why I am supporting the retirement of the pennies. With me supporting the retirement of the penny I have some evidence on why the penny should be retired. One piece I have is in the article it states that it costs 11 million dollars to make pennies in other countries. That it is a lot of money being used even though the penny doesn’t really get used, it just gets pushed to the side and never gets used. They could be doing more with the 11 million dollars.
Are pennies worth minting? Many people believe they’re a waste of money, but some people believe that they’re still worth minting. Pennies should not be minted for many reasons such as, the penny costs more money to make then the penny has in value. Another reason is that pennies are a severe waste in time such as people often pay with pennies as a practical joke, which means hard working employees often have to spend the time to count those pennies. The final reason is because the penny is losing the government money.
They take up space on our counter tops and in our drawers. Pennies are too heavy when carried in a bunch and not effective to ship out. Because of this, military bases have been rounding to the nearest cents instead of pennies because it is more efficient. So that is another reason that pennies should be
Copper Cycle Lab Report Ameerah Alajmi Abstract: A specific amount of Copper will undergo several chemical reactions and then recovered as a solid copper. A and percent recovery will be calculated and sources of loss or gain will be determined. The percent recovery for this experiment was 20.46%.
The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding. If every penny is 1.8 cents to produce than the government is giving away 800 million USD every single year. The same article says, “...10 million new useless items punched out by government workers who could be more usefully employed tracking counterfeiters.” In other words, the government isn’t only wasting money on penny production but, also a working staff. U.S. currency could be more protected if it wasn’t for the pesky penny.
Off with the Head The penny is one of America 's most iconic coins, but yet people toss them once in their possession. Most thoughts about the penny are more negative than positive. Lewis, Mark’s passage (Source A) shows the reason is has not been banned yet. Kahn, Ric’s passage (Source B) explains the penny was only good in its prime, and now is wasting our time.
One reason is that pennies are now worth so little that people often don't pick them up off the street, despite the lucky-penny saying. Second, minting pennies are a waste of money. The U.S. Mint produces about 7 billion pennies a year at a cost of $100 million. Pennies are made of copper and zinc, two metals that have recently soared in price. Because of the high value of those metals, a penny is worth more melted down than as the U.S.
Ally Bank, in an effort to promote the value of money, has scattered 100 pennies across 10 major metropolitan cities that are worth $1,000 to those who find them. The pennies have the banks logo on them, and they are slightly larger than a regular penny. Some of the cities where people can find the pennies include Miami, New York, Washington D.C. and Austin, Texas. The promotion is known as the Ally lucky penny and the hope is to prevent people from casually discarding their pennies. In a video released by Ally, the bank states that a million dollars goes to waste each year, one penny at a time.
DesignLife-Cycle.org, a site created by students at the University of California, calculates that just transporting pennies to banks puts about 1.5 million tons of CO2 into the air. They also coast a lot of money to make. It costs about 1.7 cents to make a penny. Because
Pennies aren't significant. A quote from the text, “Pennies take up too much space on our dressers at home,” (Sommer, Paragraph 3) This text basically tells the reader that pennies are significant to people's homes. The readers can also infer that the penny is a waste of space because of their worth.
On July 29th, 2011, Bobby Dean Nickel was fired from his job at a Staples in Los Angeles, CA. The events leading up to that fateful day in his life have been documented in the court case Nickel vs. Staples Inc. In 2008 Staples Contract and Staples Inc. acquired Corporate Express, the company Mr. Nickel had worked for since August 2002. Corporate Express paid their employees more than Staples did, so after Staples bought Corporate Express, Mr. Nickel’s felt like his managers had it out for the older higher paid employees (him being one of them).
Well if that's the case you are probably wondering “how am i going to clean this?” I have the answer for you! Background Information-Over time any silver findings will tarnish. Your silver is more likely to tarnish if it is in areas with high humidity and air pollution. According to silvermagpies.com the more you use your silver the less polishing will need to be done and if you dont use your silver enough
