The next change was more of one to the makeup of the penny. In 1941 the United States entered WWII. In that time the penny was made of 5% tin and zinc, and 95% copper. Because we were in war, we needed…
Hypothesis: In the lab, I expect that the pennies before 1982 would be heavier than those that are after 1983 because the metal was initially changed because the earlier pennies cost more to make. So I think that since the heavier metal was more expensive to make, then they just used a cheaper metal. So if the metal was heavier it may have been more expensive to manufacture.…
The P mintmark, discontinued after the war, reappeared in 1979 on the Anthony dollar. By 1982, it had appeared on every other regular-issue coin except the cent, which still bears no P mintmark. The circulating cents struck in the 1980s at San Francisco (except proofs) and West Point also bear no mintmark, as their facilities were used to supplement Philadelphia's production. Given the limited numbers produced at each facility, they might have been hoarded as…
One of the many reasons the penny should be deleted is because of the cost to actually manufacture one. The penny itself is created to hold the monetary value of the one cent, the lowest value, yet it costs 2.4 cents to manufacture each one thus making the tradeoff of creating a penny to be negative since the output is more than the input thus concluding towards a disincentive. “This, although is a small loss of money, can result in and will amount to the loss of millions of dollars over the cause of several years.” (Source A) Within today’s society, people have a hard time to buy anything with even the dollar. Even if someone is able to buy something with the dollar, the dollar simplifies to 100 pennies and since it costs 2.4 cents to create each individual penny, essentially 1.4 dollars are wasted. With America already submerged in a national debt of $18.34 billion, these costs that outweigh the benefits will not only raise our national taxes to compensate for the lost money, but will also dig into the education programs to raise funds for lost money thus cutting children’s education. “Essentially, the penny is so worthless that it does nothing but waste more money and time.” (Source B)…
Government starts minting coins with less silver and made more money with the same amount of metals which caused inflation- a drastic drop in the value of money coupled with a rise of prices…
Pennies hold significance in retaining American history. It had been the first coin to "[depict] a real historical figure rather than the allegorical 'Liberty' figures or the more generic 'Indian head'" (Source F). The depiction of an American hero on a coin for the first time makes the penny incredibly valuable in regards to it's contribution to U.S. history. It established a sense of identity throughout the nation; instead of having figures that are fictional or not directly tied to American achievements, a leader who developed and progressed the nation is honored. The coin was also made to contain aspects that were significant to the United States as shown in Source G. This also established identity by…
Why does the production and distribution of this coin costs so much? In Article 1, it says that it costs 2.41 cents to produce and distribute each zinc and copper coin. In essence, it costs more than twice as much to produce the coin than the coin itself. In Article 1, it quotes Francois Velde about the production of the penny; “From the standpoint of economics, that’s just a total waste of money”. In Article 1, Jeff Sommer says that we are paying for pennies just so they can stow them away in drawers and on top of dressers. Some people say that this will cause outburst throughout America, but a number of countries have already dropped their lowest coins, and there have been no significant impacts. In conclusion, should the production of the pennies end, the United States would save lots of time and millions of dollars that they could spend on something more…
In conclusion, hopefully you now notice the importance's of why the government should stop the production of pennies. If the production of pennies is not stopped, moreover America’s inflation in the economy will only become worse(Maria Story). Some artifacts, no matter how valuable, are just not worth keeping. The Chicago Tribune put it perfectly, “Time to kill the…
The penny has served as a trademark for America since 1793 and it has helped us succeed in many ways throughout American history. The U.S. continues to draw strength from its history and honored traditions. Therefore, preserving these traditions is vital to the continued greatness of our country. The U.S. should not abolish the penny because it is valuable to the economy, significant to society, and an important tradition to continue.…
Making our journey to the 21st-century a question has arisen in the minds of the United States government leaders: should America continue or discontinued the penny? Well, why continue a coin of such little value and significance? The penny should be eliminated because the uneconomical coin is a waste of time, resources, and money.…
Do you remember how in Spongbob his friend was a penny? If we don’t have the penny then Spongbob will no longer have a friend. The United States should continue the production of the penny. The reason that we should continue the production of pennies is because the citizens of the United States do not deserve more change than is needed. It will be a lot easier just to keep the penny because then we don’t have to tell everyone to change. Also the penny is a big part of our history.…
“Four score and seven years ago.” Anyone who claims to be American would know who recited the iconic Gettysburg Address. It was none other than the great Abraham Lincoln, one of the greatest leaders of the free world. Through his lasting contributions and actions he was able to guide the nation into what it is today. Ceasing the existence of pennies would mean removing the most common currency in America and disrespecting Mr. Lincoln. The common penny is essential to both American life and American history.…
Have you ever looked into a wishing well? Well if you have you would have noticed that people only really throw pennies into the well. Many people only use pennies as coins to throw in wishing wells. “The canadian finance minister agrees that the penny is used very little he stated “Pennies take up to much space on our dresser at home.” A persuasive government brochure put it this way “ We often store them in jars, throw the, away in water fountains, or refuse them as change” (penny wise, stommer 2). Both of these people tell us that many people don't really care about the penny. People refuse them as change, they are refusing free money!…
The modern American government has been shaped by decades of discourse, debate, and compromise. From the founding fathers to the modern tea party movement, American politics have always involved debate between opposing sides and point of views. As a result of the age of our government and the extreme desire with which one side is willing to argue their point of view, outdated and frivolous means of debating and stalling have become prevalent within the modern American government. The most severe and prominent use of stalling within the modern American Government, is the filibuster. The filibuster is a stalling tactic used by a party or political group in order to stop a bill that they disagree with. Once, the filibuster was reserved and used in the most extreme and rarest of cases, but with the evolution of the modern government, the filibuster has become used significantly more. The use of the filibuster has become outdated and ineffective, because of the significant changes within the modern American government; therefore, it should be abolished.…
The main goal of this experiment was to obtain the density of pennies throughout multiple decades and determine when the composition was changed by observing when the density of the penny changed. This was done by obtaining the mass of the penny using a scale and the volume of the penny using a graduated cylinder. By using D = M/V it was possible to obtain the density of a penny of a…