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Pros And Cons Of Pennies

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Pennies should not be made anymore. Pennies should not be produced anymore because they aren’t worth having,society doesn’t want them and think they are a nuisance, the only people who want to keep them are the big banks and the government.
Pennies aren’t worth having. “Material prices have driven the cost to produce the coin to 1.4 cents and above. Every year, our government is losing money in making these things.”-Kashmir Hill,The future of money. This proves that it costs more money to make the penny than it’s actual worth. The united states is losing money every time we produce one of these things. Stopping the production of these might not solve the country 's debt problem but it would at least help.”A 2007 article in the New York magazine …show more content…

“I really have no use for pennies, says Reno Conte, I use my credit card most of the time.”-Pennies don’t make sense to a lot of americans. “I think pennies are useless, says Stanford. If i have a penny in my pocket, I try to get rid of it as soon as possible” These are just two people that said they have no use for the penny and wouldn’t care if was not here anymore.”Pennies are a nuisance and it’s time for them to go. The one cent piece cannot, by itself, be used to purchase anything in the u.s today nor has it for a very long time. -In a pinch over pennies. Pennise have no use in the u.s other than to make change, you can’t buy anything with them
The only people who want the pennies are the major banks and the government.” At two public meetings in delaware last year he says he asked the crowd for an opinion and found the consensus both time overwhelmingly favored doing away with the penny.”-Do pennies still make sense. The big banks want to keep them so instead of giving out to the every fifth cent they only have to give it to the first.
In conclusion there isn’t much pennies can actually do. Pennies can’t buy you things, society does not want them anymore and people think they are plain out

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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.

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All in all the penny should not be printed anymore because they cost more to make then they have value, then they are a waste of time as in counting the, and finally reason is that pennies are losing the government money. A reason pennies should not be minted is because the penny costs more to make then it has total value. As stated in the text,” Because the penny costs more than a cent to produce, the Treasury loses more than $100

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Pennies cost more than they 're worth, and the United States should cease production to due this fact. According to Source #1, the U.S. penny costs 2.41 cents to produce one penny. That 's is over two times of what it can pay for. In 2011, the governments taxpayers lost $60.2 million on the production and distribution of pennies. The year prior— 2010— taxpayers lost $27.4 million, and in 2009, they lost $19.8 million (Source #1).

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”Australia, New Zealand, Brazil, Finland, The Netherlands, Norway, Sweden, Switzerland and Britain have already dropped their lowest denominated coins,” stated (Sommer) source #1. Also Sommer wrote for over 30 years foreign military bases have not been using pennies, but instead the shops, and restaurants round to the nearest five cents. So that 's is one of the reasons, penny should be eliminated. Undoubtedly a good reason to get rid of pennies is that they take up way too much space.

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Therefore, the one cent not the greatest coin and the government should stop production of the penny. Last reason why the penny should be gone is, people just don't like them anymore and they take up too much space. For example,” people store them in jars refuse them as change and throw them away in water fountains.” See people are over the penny. Also,“pennies are not worth the trouble of carrying them around and take up too much space.”

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But on the other side, retailers could be aware of this and bring all their prices down to the lower round and sell them cheaper, which benefits the consumers. Supporters of the penny say we should keep the one cent coin but simply make it cheaper. (Source 2) But if we cut out the penny entirely, we can save even more. A near useless coin can be eliminated and we won't need to spend nears as much money making

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