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According to the passage, the Lincoln penny had the initials of the designer, Victor D. Brenner on it. Americans complained the initials were too big and needed to be removed. This resulted in them removing them and later putting them back on, just smaller. Nowadays pennies from 1909 are very valuable and rare.…
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Colonial Williamsburg wasn’t truly from 1632. It was made in 1926 because Reverend Dr. W.A.R. Goodwin feared that people will forget that Williamsburg had a lot of commemorative places like the Magazine. The Magazine deserves the commemorative coin because it sparked the Revolution.…
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The Mint was made an independent agency in 1799. It converted precious metals into standard coin for anyone's account with no seigniorage charge beyond…
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Is it possible that simple nostalgia and our fond memories of "take a penny, leave a penny" trays are protecting a coin that's worthless to pretty much everyone besides the multinational conglomerate that helps produce it? And if not, why exactly is the penny worth keeping around? The penny for some time has been the “throw-away” change thus having a negative impact on the economy, because with all the accumulated pennies, is all the money thrown out of the economic cycle. Thus since the penny has been giving a negative impact to the economy, in turn it should be eliminated.…
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o Americans had no currency, but they were constantly buying things from Britain, so that gold and silver was constantly draining out of America, forcing some to even trade and barter. Eventually, the colonists were forced to print paper money, which depreciated.…
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. . [thus] render[ing] the penny unnecessary” (Source A). While this law may reduce the amount of pennies produce and thus reduce the amount of copper manufactured for pennies each year, Kolbe’s proposition has the ability to lead into an endless peril of ridding the economy of the lowest-value coins. If the penny is not used, will the nickel then be banned in a few decades? Then the dime? The quarter? Introducing such a system of currency would prove far too strenuous to Kolbe regardless, given the fact that fifty-nine percent of Americans aged eighteen and over oppose abolishing the penny, compared to twenty-three Americans favoring the abolition of the penny with eighteen percent of citizens having no official opinion (Source E). The time and money spent to conduct polls and attempt to persuade two-thirds of the American population to forfeit their pocket change proves fatal; it would be a waste of time and evidently a waste of money (including pennies!). Even our neighbors in Great Britain, Canada, Japan, and the U.S. have “the penny or penny-equivalent” coins (Source…
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Whoever gives a penny to the poor for God while in good health, it will be worth 240 pennies after [his or her] death. To give a penny in sickness is worth 20 pennies. To bequeath money after death, that is worth a leaden penny, because there is no great value in giving what one cannot hold on to.…
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No one will ever use pennies anymore.Several people when getting change back just throw the pennies anywhere.Now a days pennies lay around everywhere and are annoying. There's some people that may even be fooled by this coin. The penny should be killed. Many people now won't have to worry about finding this…
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The penny’s most recent intent was to recognize and celebrate President Lincoln’s birth, and has been an important historical tradition ever since. Source F mentions how the penny is one of the most visible reminders of Lincoln’s significance to American history. As seen in Source G, the penny has existed in our society since the country’s earliest days. It is a portrayal of one of our greatest presidents, as Source F explains how the Federal Government has done well to secure the survival of the penny symbolically by renewing the images of President Lincoln.…
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Ultimately, the prodigal penny should be abolished because the coin devours valuable time, money, and resources that could be put to better use elsewhere. It is time to give up the search; get your hands out of the couch cushions. Stop searching through the dark abyss of your purses and bags. You won’t find much and whatever you find will not be worth much…
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Barbara Ehrenreich, a political journalist, found her writing inspiration a couple of years after the birth of her first child. Filled with political opinions and an itch to write, she took to her first successful pamphlet Witches, Midwives, and Nurses: A History of Women Healers. This started a wave of inspiration and success, leading to her New York Times Bestseller, Nickel and Dimed. While originally Ehrenreich started with a Biology major, ocne getting into writing it became the only thing she wanted to do (Ehrenreich, para 3 and 4). While the concept of Nickel and Dimed is one you arguably can not train or prepare for, Ehrenreich’s experience as a skilled journalist provided…
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The reason that we need to keep the penny is because we don’t need anymore change in the US. If we remove the penny, then we will have to change. The nation is already changing so much because of the election and politics and the other things. So why change more?…
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Another creation in the American society was paper currency.At first, the paper currency was not worth any amount at all. Anyone could have put any amount on a coin or bill and people would believe that was worth of the currency. This was not working out because money had no value which led to confusion of the value of money. Some Americans were "crying out for a paper currency” (http://shaysrebellion.stcc. edu/shaysapp/person.do?shortName=abigail_adams ).This quote supports the feeling that the Americans had on paper currency because they believed if they had a printed document that states to be owned and published as their own, it would lean on toward of being independent from Britain.…
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Should William Penn be a heroic figure to American history? Throughout British proprietary colonization of the Americas, there were many different motives for claiming American soil by those whom were audacious enough to consider the prospect of funding a distant statehood. Penn claimed to see his colony as a “holy experiment” (page XIII); who differed from its “peers” in the respect that it had intent to provide refuge to those whom faced religious persecution, even so, the “devout” Quaker, eventually allowed to fall into a state of neglect and sink to the level of its peers. Ironically the people of Pennsylvania became so intolerant of other religions, that, not even after four decades, Paralleled their English “oppressors”. Eventually, even Penn gave up on his colony and sold it, nullifying the basis of its moral foundation. Penn founded the colony on the idea that every man could love one another as a brother would his own flesh and blood, which, if truly observed by Penn, would never be compromised to the influence of social dogma. Penn should not, by any standard, be considered an American Hero.…
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Most machines that receive change won’t accept one cent coins anymore and the pennies will just collect in people’s wallets or pockets. Canada got rid of their pennies and it seems America may do the same at some point. It costs almost double one cent to make a penny, and this is not cost efficient. There is a lot of controversy over the matter. People have been discussing whether removing the penny would hurt or help the economy for some time now. In the Time Josh Sanburn claimed, “Pennies would likely be melted down and sold for their zinc and copper, which could yield millions of dollars for federal coffers” (Sanburn 1). Pennies may end up being a rare collectable in the far future, but as of now they remain a neglected form of currency with the increased use of digital transactions. Pennies will remain a staple in history no matter what their future…
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