Preview

Production of Pennies

Good Essays
Open Document
Open Document
841 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Production of Pennies
Kerrigan McCulloch June 4, 2013 P.6

The federal government should stop the production of pennies, because the pennies have become useless in this economy today, makers of pennies could be doing more useful jobs, and the bill would simply decrease the use of the penny.
The time has come to abolish the outdated, almost worthless, bothersome and wasteful penny. We always have those couple pesky pennies that’s we have to deal with day by day because we can’t get rid of them. Now a day you can’t buy anything with a penny or even a handful of pennies like you use to be able to. It takes nearly a dime to buy what a penny bought back in 1950. Quarters and pennies circulate: pennies disappear because they are “literally more trouble than they are worth" (source C). The power of the penny just isn’t what it used to be in the past. Everywhere you turn walking down the street, you see pennies tossed to the ground, flung into the trash by people who think they’re mucky, and hijacked by cashiers who assume you are a part of the 27% who don’t keep track of their loose change and won’t notice a couple of pennies missing. By abolishing pennies there is the possibility of saying four hours per person each year, where normally during this time people have spent digging in their pockets or purses for those loose pennies or have waited for someone else ahead of them to dig them out (Source B).
The U.S mint, manufactures and distributes United States coins for circulation, keeps churning out a billion pennies a month. Two-thirds of those



Cited: Lewis, Mark. “Ban the penny.” Forbes.com 5 July 2002. 8 February 2006 http://www.forbes.com/2002/07/05/0705penny.htm Kahn, Ric. “Penny Pinchers.” Globe.com 9 October 2005. 10 February 2006 http://www.boston.com/news/local/massachusetts/articles/2005/10/09/penny_pinchers/ Safire, William. “Abolish the Penny.” nytimes.com 2 June 2004. 3 November 2006 http://select.nytimes.com/gst/abstract.html?res=F00911F63C550C718CDDAF0894DC404483.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    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.…

    • 270 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    By reading “Nickel and Dimed” by Barbara Ehrenreich, I learned being a minimum wage worker is extremely difficult. I wouldn’t recommend it.…

    • 465 Words
    • 2 Pages
    Good Essays
  • Better Essays

    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)…

    • 1298 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Other than pennies taking money to count they are taking money to manufacture. A unimportant one cent piece coin is costing millions…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Personality test is a questionnaire designed to reveal a person’s aspects of his/her character or psychological individuality can be revealed through a designed questionnaire called the personality test/assessment. Employers who consider personality test first should concentrate on those test that concur with the jobs necessities. The assessment should not by any means offer information about an individual’s mental health or stability. It is unlawful in the United States for an employer to hire employees in consideration of their medical state. The Equal Employment Opportunity Commission (EEOC) does not allow such an act for the job applicants (Ones, Deniz, & Viswesvaran 39). For instance the use of Minnesota Multiphasic Personality inventory (MMPI) which greatly validates psychopathology assessment that is used for clinical psychology setting and which shows a possibility of mental health conditions. Personality tests are a hindrance to many job applicants despite the vast usage by the job hiring companies in the United States.…

    • 1559 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Penny Synthesis Essay

    • 744 Words
    • 3 Pages

    Caught up in our busy lives, Americans tend to take things for granted and fail to appreciate the little things in life. These little things have big meanings, and are much more important than we care to admit. For instance, we often pay little attention to small amounts of currency in the form of coins or more specifically, pennies.. We bustle around cities and schools and workplaces, fishing for cash to purchase a much-needed coffee or snack. Upon arriving to the cash register, we scramble into our wallets for a few pennies to reach the exact price value of our item. This has become a mindless habit, but some people have grown tired of the time wasted by penny-pinchers. However, these grumpy customers fail to recognize the depth…

    • 744 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Why are we losing the penny? Even though the penny cost more to make than what it`s really worth . we can find more ways the make the penny cheaper. *They will have to round the penny that would cost gas to increase to a horrible price to make the penny cheaper *make the penny cost less is to add more zinc and less copper *We need pennies just in case some companies or organizations want to donate *they might want to collect pennies even though production costs are slightly lower today, the penny still costs the u.s. Just over 1.8 cents to produce.…

    • 207 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Although authors Barbara Ehrenreich and Matthew B. Crawford both obtain a higher degree from a university, both continue to work low-income jobs for different reasons. Ehrenreich believes minimum wage work is challenging in all aspects of the employment. She has the option to remove herself from this lifestyle but continues to stay in order to gain experience for her book "Nickel and Dimed". Crawford on the other hand finds a deeper appreciation for the working class, and even though he has an option to pursue a higher education career with his college degree he chooses to work as a mechanic for the love he has for the work. With both authors coming from similar backgrounds it's interesting to analyze how their ideas continue to differ dramatically.…

    • 1100 Words
    • 5 Pages
    Good Essays
  • Good Essays

    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…

    • 678 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Abolish the Penny

    • 954 Words
    • 4 Pages

    The Lincoln penny has produced excessive amounts that is resulting outrageous mintages into the billions. While the cent production has suprassed the one billion count in the 1950's, a change has taken place. The Denver Mint had assumed the role as the nation's main source for the lincoln pennies. The 1952 production of 746,130,000 D-mint cents quadrupled the Philadelphia output. As a result, Denver struck more than one billion Lincolns in the late 1950's. Into the era of the 60's, Philadelphia, Denver and San Francisco minted a total over 33 billion coins. The penny production didn't stop there. During the 70's, 80's, 90's and until now, there has been a total of about 363 billion pennies minted. This averages to about 1210 pennies per person in the United States. These numbers are just simply…

    • 954 Words
    • 4 Pages
    Good Essays
  • Good Essays

    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…

    • 501 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Emily Andrews argues in her essay “Why I Don’t Spare “Spare Change”” that it does more harm than good to give money to beggars on the street rather than giving to an organization such as United Way to help the needy, pointing out that “one cannot be certain that one is giving to a needy individual” and that by giving to a charitable organization “ones money is likely to be used wisely.”…

    • 762 Words
    • 4 Pages
    Good Essays
  • Good Essays

    “The one cent piece, commonly referred to as the ‘penny’, has been a part of United States history for over two hundred years.” It’s time for those two hundred years, and counting, to be over. The penny needs to stop being produced to best help the consumer and the government. In “Penny Anti” by John Fund, the economical reasons for getting rid of the penny are listed, as well as alternative solutions to the one-cent piece. In the second article, “The Many Faces of the Penny,” by J. Wendell Shelton, there is a backstory of how the penny we know today came to be. In source three, “The Cost of a Penny,” a letter written by David R. Carroll, the author begs readers to abolish the penny for numerous reasons. And finally, in “Save the Penny--Save the Day!” by an anonymous middle schooler, the student talks about how charities will suffer without the penny. All of the passages believe in the usefulness, or lack thereof, of the penny. However, both articles make valid points for what should be done with our one-cent piece.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    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.…

    • 401 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The penny has strong support for preservation, but there are many reasons it should be eliminated. As of 2007, a nickel is worth what a penny was worth in 1972. There has never been a coin in circulation in the U.S. worth as little as the penny is worth today, although currently other countries have coins with less purchasing power in circulation. The median wage the U.S. being about $17 per hour in 2011, it takes two seconds to earn one cent.…

    • 498 Words
    • 2 Pages
    Good Essays