Abolish The Penny Synthesis Essay

The United States of America do a good job in honoring their traditions from the past. If you take a look at a penny, most people will see our sixteenth president, and some will just see a cooper mixed zinc coin that is worth one cent. However, what most people don't realize is that this penny shows the history of how our nation came to be and how we strive in still remembering our traditions. Although some people find the penny a useless and an immaterial piece of the coin, people should treat a penny like a regular dime or nickel. The penny has important historical information that teaches us a chapter of how America came be.
America has gotten to the point where they find pennies frivolously in everyday life due to their frustration that people face. However, not everyone wants to ban the penny shown in an independent poll "Abolish the Penny?" (Source E). It shows that more people are in favor of keeping it rather than banning it. If America disposes the penny and puts the nickel as our lowest denomination coin, there would be economic problems to the companies that produce the penny and other coins. Additionally, an
Safire is inaccurate about [the] penny circulation and other countries use of low denomination coin [that] must be corrected. Trying to avert the rounding of prices would safe America time on worrying about something that is more critical rather than worrying about banning something that has worked in America, Britain, Canada, and Japan for many centuries. In addition, the fact that "two-thirds of pennies dropout [from the] circulation,"which is disagreed on an 2002 study based on Federal Reserve, cannot be justifiable because the 2002 study states "that the annual rate[of] pennies[disappearance] is around 5.6 percent." And the rest of the pennies are kept and later put in coin machines to be cashed in as dollars. (Source