Should we abolish the penny

I don’t believe that we should abolish the penny because it’s been around for so long, if we were to abolish the penny what would we use to break five, ten , or odd numbers of cents it’s also illegal to melt pennies. A debate exists within the united states government, and american society at large, over whether the one-cent coin, commonly called the penny, should be eliminated as a unit of currency in the united states. Those who think we should keep the us penny cite the following arguments to support their position prices will increase if the us eliminates the penny, merchants will round the price up to the nearest five cents. That pennies should be abolished with the penny costing us more than it is worth, then we should not produce it anymore.

And, of course, it must be noted that one reason we have the penny is the zinc lobby, which would prefer to keep making them and claims that all kinds of terrible things will happen if we abolish . A penny for your thoughts: should the penny get the boot when the economy heats up, we tend to make more, white noted the mint makes about $24 million annual profit on the coin. We’ve long since seen the demise of the farthing and the much-loved 12-sided threepenny bit, but now there’s a campaign to consign the penny to history, too. We spend more money making pennies than pennies are worth right now making a penny costs 17 cents yet we continue to mint more pennies every year, costing the government millions of dollars .

What would happen if we abolished the penny this question got me thinking, i haven’t seen a penny in a while so that sent me investigating apparently here in . Editorial by alan s blinder 646 any coin that has outlived its usefulness should be abolished 1¢—while we have been minting the penny for two centuries. Should we abolish the penny the standard abraham lincoln penny has been around for almost one hundred years it was created in 1909, because that year was the centennial (hundred year anniversary) of lincoln's birth. Is it time to abolish the penny since the zinc lobby itself is the main impediment to penny abolition, as long as we’re taking them on we might as well go all the way and just kill the coin . Should we abolish the penny the standard abraham lincoln penny has been around for almost one hundred years it was created in 1909, because that year was the .

To do so we must, “get out those bumper stickers: abolish the penny” personally, i tip my hat to william safire and his strategic victory over the reader on the battlefield of persuasiveness more essays like this:. I've experienced on more then one occasion where a place of business just doesn't want to deal with penniesi'm not sure but i think even tool roads say no penn . Should we abolish the penny by tomron / june 28, 2006 1:27 pm pdt i've experienced on more then one occasion where a place of business just doesn't want to deal with penniesi'm not sure but i .

Should we abolish the penny

This meaningless coin is losing money for the mint, and should be abolished the penny costs 14 cents to manufacture each time at the mint this is causing the mint to lose money for the treasury. The penny is a coin valued at one cent, 1/100 of a dollar back when the penny was around, the dollar was worth a lot more, making the penny also worth more now, because of inflation, it can not be used to buy anything also, it costs more than a penny to make one the copper and engraving, in . No no, we can't, for some reason jarden corporation would likely be among those interested in keeping the penny around the multibillion-dollar consumer products company, based outside new york .

Three penny opera abolishing the penny the gallup poll jc penny penny marshall percent mass of copper in a penny penny for thoughts the adults are always right the case of penny kin claim of policy should we abolish the penny. Why doesn’t the united states (finally) get rid of the penny the penny, mr obama said, is “a good metaphor for some of the larger problems that we’ve got” the government, he said . But when the penny is abolished, the nickel will boom and what is a nickel made of no, not the metallic element nickel our 5-cent coin is mainly composed of copper we'd get some long .

The penny coin: should we follow ireland and phase it out one reason is that a 1p coin is now worth less than the 1/2p was when it was abolished in 1984 a penny back then was worth three . Do you think the penny should be preserved the one-cent piece, commonly referred to as the penny has been in a giant argument in the united states about whether if we should keep the penny in circulation, or abolish the penny totally from the us currency. This feature is not available right now please try again later.

should we abolish the penny Penny advocates rightly point out that more of the less-economical nickels would be necessary if the penny were abolished  we have experience with removing useless denominations the half . should we abolish the penny Penny advocates rightly point out that more of the less-economical nickels would be necessary if the penny were abolished  we have experience with removing useless denominations the half . should we abolish the penny Penny advocates rightly point out that more of the less-economical nickels would be necessary if the penny were abolished  we have experience with removing useless denominations the half .
Should we abolish the penny
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