pockets or purses for a few pennies? All they have is just unwanted weight to their pockets and purses. Few people now a days still bend down to pick up a penny off the sidewalk. Whether its the superstions of “luck” or just another penny to add into their collection. Only traditions explain our stubborn attachment to our pennies. However‚ pennies should not be abolished‚ they are beneficial to us in every days life. For example‚ people who have thousands of pennies saved up from over the years
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Should Pennies be a Valid Currency? How many people keep their pennies compared to how many people just toss them in the leave one/take one trays at the gas stations or tell a cashier to keep the change? Is the cost of making a penny worth it? According to the US Mint‚ it costs 2.41 cents to make a penny. It costs two and a half times more to make the penny than the coin is worth. In most cases‚ businesses can round up or down to the nearest five cent with it not affecting their tills drastically
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Penny Synthesis Essay To “… not ban pennies‚ but merely discourage their use by establishing a system…” It is because I agree with Mark Lewis of Forbes.com‚ that I affirm abolishing the penny‚ yet with some restrictions. In 2001 a United States Representative by the name of Jim Kolbe introduced a proposition to eliminate the penny (United States’ lowest denomination coin). To deeply reason as to why an individual might support this proposition‚ we must look at three different points of analysis
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1857‚ the penny has been changed about ten times! It used to be larger than today’s quarter‚ says “The Ever-Changing Penny.” Though people have worked hard to get the penny the way it is today‚ it might be time to disscard the penny. The penny cost a lot more than it is worth‚ it is way too heavy to carry around‚ it would create a great rounding system‚ and without it‚ we can save time and money. It is a big waste to have. We should follow in Canadas footsteps and get rid of it. The penny is the coin
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Lincoln Penny There are changes from small to big to the Lincoln penny. Over the years‚ there were several reasons for changes made to the Lincoln penny. This included changes in its appearance and in its make-up. 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
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Abolish the Penny Between 2001 and 2006‚ there has been an increase of .6 cents for the reproduction of the penny. This increase displays economic problems that may lead to fatal ones. The penny is composed of 2% copper and 98% zinc. These elements are exponentially in demand causing the price of these materials to skyrocket. Many Americans think the penny is putting our country in jeopardy with financial losses. This meaningless coin is losing money for the mint‚ and should be abolished.
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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
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Over the past few years‚ the debate on whether or not the penny should remain a part of the U.S. currency system has increased in popularity. With many politicians‚ journalists‚ and everyday citizens giving their opinion‚ the topic has certainly caused controversy. Although many would suggest otherwise‚ the penny coin is a historically and monetarily valuable aspect of American culture that should remain intact. Pennies hold significance in retaining American history. It had been the first coin
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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
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Based on the class data‚ the density of the penny changed dramatically between 1980 and 1985. From 1975 to 1980‚ the penny became 1.40g/mL less dense and from 1980 to 1985‚ the density dropped by 0.626. With this data and the percent composition equation we were able to determine that the second metal in the penny is Zinc with a density of 7.14g/mL. Using scholarly online sources‚ I was able to confirm this data concerning the second metal to be correct. The United States Mint’s website states that
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