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The Changing Role Of Pennies In Today's Society

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How many times have you seen pennies laying on the sidewalk and choose to not pick them up? Pennies have been a part of the United States’ currency for over two centuries. A penny is not only used for purchasing, it is also a symbol of luck to some and is tossed into wishing fountains and used in the game of heads or tails. Money is a significant part of everyday life, pennies being a large amount of that money. One may use it, but never consider the importance of it. With the changing economy, it has become a useless coin. Pennies should be eliminated for the following reasons: They are not worth minting and their value has dropped to insignificance in today’s society.
Pennies are just no longer worth making. It is a coin that costs more to
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I support the penny being retired. The article “Should the Penny Retired” written by Toronto(AP) has many valid points on why the penny should be retired. It is such a nuisance to have pennies these days. No one will pick a penny if they see one on the floor or on the street. People nowadays don 't get excited if they see a penny.

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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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This scandalous coinage, also known as the penny, is a lousy excuse for a currency and should be abandoned. The penny costs the American people precious time and money as they attempt to scour through their purse or wallet just for a 1 cent coin, which is having devastating effects on the economy. The obvious solution to this ordeal is removing the penny and rounding all prices to the nearest nickel. On the other side of the argument, people view this as an opportunity for businesses to charge extra for a product or service that you originally would of although, there is simply no hard defining evidence that this would even occur. With everything considered, the penny is a nuisance to society as a whole, we need to abolish it before it creates

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“ The U.S. is among the last of the industrialized nations to abolish the peskiest little bits of coinage” (Source C). More and more counties will soon join in on the laughter as they dismantle their low value coins. It would be a different story if we used the pennies. Only about one-third of the pennies are in circulation, the other two-thirds of them are hiding in our chair cushions (Source C). Not only is the government losing money from the missing two-thirds, but it is also wasting money on workers.

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So why do we still have it? The penny is outdated and unnecessary. The penny costs an irrational amount of money compared to what it's worth. The penny, a one cent coin, costs 2.41 cents to make, which is nearly 1.5 times what it's worth (source 1). That means that annually, the United States loses 60 million dollars in pennies every year!

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