Penny Synthesis Research Paper

Do people really need that one extra cent? People normally just leave them on the ground or in a fountain. Some people want to stop minting the penny and to never use it again, but others want to keep using the penny and not get rid of it. Some people are fighting to get rid of the penny and these articles may pull people to their side: “Penny Wise, or 2.4 Cents Foolish?”(Source 1), “Is the Penny Worth It?”(Source 2), “Give a Penny-Save the Day!”(Source 3), and “The Ever-Changing Penny”(Source 4). Some think the U.S. penny should be discontinued because it takes more than one penny to make a penny, it’s not worth much, and it’s a pain to count out when you are paying for something. Most people know that making money costs money. To make a penny it costs almost double the amount. “In 2011, the price to make a penny was 2.4 cents.” (Source 4, Paragraph 4) Some people think that spending 2.4 cents to make a penny is a waste of copper. “Now it costs 1.8 cents to make a penny,” (Source 4, Paragraph 4). In a sense, some consider the penny to be too big. Since that thought, there have been
If you have a dinner bill of $12.09, would use pennies to pay for it? What some people don’t realize is that it takes time to count pennies. If you are in the store buying food and the line is taking a long time to move, and you start to wonder why, it is probably because some person has a lot of pennies they want to get rid of, and they chose to pay with all of their pennies, therefore holding up the line. Life without pennies would make paying for things so much easier. If we rounded, we would be more time efficient. I think this because people wouldn’t need the penny if we just pay with nickels, quarters and dimes. “Retailers in the real world might raise prices more then lowering them. That could cause a small, one-time inflation burst,” says Francois Velde, an expert on the history of small change. (Source 1, paragraph