Arguments for and Against Keeping the Penny.
Nickels cost even more to make - If we eliminate the penny, we will need more nickels in circulation. Nickels cost 7.7 cents to make, (2.7 cents over face value, as opposed to 0.26 cents over face value to make a penny,) so making each nickel costs 1.44 cents more than making each penny. Since the penny costs 0.26 more than face value to make, the Mint can make 5 pennies and still lose less.
Eliminate the cent and round all cash purchases to the nearest nickel. There will not be a gain or a loss from two more cents on the transaction. There won't be any dwelling over the situation. It is time for the United States of America to grow up and abolish this meaningless Lincoln penny. The penny has been a complete fiasco. Let the cent go! Read Full Essay. Click the button above to view.
The penny holds a historical importance being “the most visible and tangible reminder of Lincoln’s significance in American history (source F).” If one were to think about this, it can be concluded that there is no fact in this statement. As shown in source G, in 1793 a different face appeared on the penny. Therefore, the penny is not only showing the historical importance of Abraham.
Penny: Cent and American History Essay. The United States of America is known for its appreciation of history and tradition. It constantly encourages the remembrance and preservation of the past. The penny, despite its seemingly futile existence, is a major part of American history. It should remain in circulation not only because it is deeply.
The 2008 AP Language and Composition Synthesis Essay. Mr. McBride. As a child, I can remember my grandfather telling me that I should always keep my eye out for pennies that may have dropped on the street; he said it was especially lucky if they landed with the picture of Abraham Lincoln looking up. I can also recall my excitement when I would find a penny; in fact, I still pick up a lucky.
I have another reason that we should get rid of the penny. About 2-3 times a year, I sort out the coin jar that I have and take all the lose change. I count all the money and organize it in different plastic bags with the amount in each bag. I go to my bank, and I exchange the coins for cash, because I never would go to a store with a bag of pennies and say, “Hey, can I buy this with 2500.
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