Penny supporters point out that that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel. Otherwise, college students expose themselves against risks of getting a bad grade for their assignments. Rodney J. Bosco and Kevin M. Davis, "Impact of Eliminating the Penny on the United States Mint's Costs and Profit in Fiscal Year 2011," pennies.org, Apr. Direct communication with your writer. For every dollar's worth of coins it shipped out the Mint made 45 . The main reason for the deletion of the penny is cost. The only major revisions I made to this essay was a few grammatical errors and a more creative title. Coining pennies is a money-losing proposition, and people don't really need them anymore. However, the penny is a very sentimental coin to most Americans, and many people fear that eliminating the penny would raise prices because things would need to be rounded up to the nearest nickel . Zinc ores do not consist entirely of metallic zinc, and contain toxic materials like cadmium and lead. Since 1982, 327 billion pennies have been minted. With a quick 6-hour turnaround, thousands of students across the globe An Essay About How Pennies Should Be Eliminated trust us with their papers and assignments. This although small loss of money Can result in and will amount to the loss of millions of dollars over the course of several years. Maybe this should go to a national vote in 2020 to not make pennies anymore. available round to clock to write your essays within a short deadline. Partly it's sentiment. But now all we can get with a single penny is a ride on the mechanical horse at Meijer's. They remember collecting pennies as children and that memory lingers. The few grammatical errors I changed were mostly comma usage and better phrasing in a few choice sentences. 1. And, of course, if we eliminate the penny, we'll need a lot more five-cent coins, which will offset the savings of stopping penny manufacture. In 2017 it earned almost $400 million in profits producing circulating coins. The melt value of a zinc penny is one-half of a cent. The major reason why the penny should be retired is that it is no longer useful. Students often conclude An Essay About How Pennies Should Be Eliminated that use of writing service is their chance to become An Essay About How Pennies Should Be Eliminated successful and this thinking manner tends to be correct. It must also direct the U.S. Mint, a bureau of the U.S. Treasury, to stop producing them. In 2017 it cost the U.S. Mint 1.8 cents to make each penny and 6.6 cents for each nickel. Representative Jim Kolbe of Arizona introduced bills in 1989, 2001 and 2006 to abolish the penny, but none of the bills passed. Instead, they suggest rounding up or down on all transactions. 1. So why does the U.S. Mint continue turning out pennies? Some say the United States should stop using pennies because the cost of producing the coin is now higher than the value of the coin. The penny should be eliminated in the U.S. currency because pennies are a waste of time, not worth a lot, too much to make, and nobody can buy something with just one penny. Pennies are so close to worthless that many people argue it's time to do away with them altogether. Feel free to contact them anytime you need via phone, email, and live Why The Penny Should Be Eliminated Essay chat. And the worthlessness of the penny is an important reason as to why it should be eliminated. India, officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia.It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. 12, 2012 Free and any time. Stack of coins, including pennies. Acid Base Imbalance Video Case Study, Why The Penny Should Be Eliminated Essay, Top Papers Ghostwriters Service Uk, Thesis Theses Record Keeping Management System. South Carolina Sen. Lindsey Graham sent GOP Leader Mitch McConnell a very clear message Wednesday night: Get on board with Donald Trump or get out. The U.S. Mint does lose money on pennies and nickels. Many of the reasons for eliminating the penny apply to other coins as well. Amy Livingston, "Should We Get Rid of the Penny? Ever wondered whether there's a point to having small change? In 2013 alone, this cost taxpayers $105 million. Pennies are sentimental. However, overall, the Mint is a profit-making machine. They Keep Prices Low. To wit: "A penny costs nearly 2 cents to make, a nickel nearly 8 cents. - 8 Reasons to Keep It vs Eliminate It," moneycrashers.com (accessed July 2, 2018) 12. Haven't found the relevant content? A zinc penny weighs 2.5 g. Doing the math, 327 billion pennies weigh 1.8 billion pounds The penny debate is a growing issue in the U.S., as many citizens and government officials disagree on whether or not to eliminate the one-cent coin. Asked by Fox's Sean Hannity about the . Even so, according to the US Mint, it costs about 2.4 cents to make one penny. However, the nickel is in just as bad a shape as the penny. Since the penny costs almost 2.5 more than face value to make, the Mint can make 5 pennies and still lose less money than making one nickel. Opponents of the penny find it to be a waste. This increase displays economic problems that may lead to fatal ones. President Barack Obama, speaking as a Senator in 2008 stated, "We have been trying to eliminate the penny for quite some time — it always comes . Regardless of how your partner delivers, her body will need time to recover. Why we should keep the penny? There are many reasons why the penny should be banned. The penny should be. These elements are exponentially in demand causing the price of these . The US Mint announced this morning that they will phase out the production of new pennies beginning in late 2022, and mint the last batch of pennies on April 1, 2023. - 8 Reasons to Keep It vs Eliminate It," moneycrashers.com (accessed July 2, 2018) 12. A zinc penny weighs 2.5 g. Doing the math, 327 billion pennies weigh 1.8 billion pounds We could easily get rid of pennies, nickels, and dimes and be no more inconvenienced than the average person in 1913. Between 2001 and 2006, there has been an increase of .6 cents for the reproduction of the penny. No matter how fast you need it done, our writers will get a result in a blink of an eye. This would make the penny useless although not unable to be used. The clanging of change in your pockets may drive you crazy, but these coins keep our economy going and our charities flowing. The melt value of a zinc penny is one-half of a cent. It's Time to Abolish The Penny! In 2013 alone, this cost taxpayers $105 million. There is a dedicated team of friendly customer support representatives who do their best to ensure that every customer Why The Penny Should Be Eliminated Essay has a pleasant customer experience. The penny should be eliminated because of several reasons including things will cost less and the government will not waste $100 million each year. Former Representative Jim Kolbe of Arizona sponsored two bills in Congress to eliminate the penny. With a quick 6-hour turnaround, thousands of students across the globe An Essay About How Pennies Should Be Eliminated trust us with their papers and assignments. Top 3 Best Pregnancy Books for Dads Reviews. Pennies are no longer made from pure copper, which would make the minting of . However some people want to keep the penny for different purposes. Why The Penny Should Be Eliminated Essay goal is getting your paper written before the deadline, so there is no need to worry if you are late with your assignment or not. As Starr notes, the penny has become the most "unprofitable and insignificant piece" of currency (30). The U.S . 910 Words4 Pages. America should not use the penny because it is useless. Another reason is the government's resistance to reducing inefficiency. The current cost for manufacturing a nickel is 7.29 cents per coin. From. Yes, The Penny Should Be Eliminated The main reason for the deletion of the penny is cost. All in all there should be no more penny for a number of reasons. Stopping penny production (and making the production of nickels more efficient) would help to reduce this number. Pennies Should Be Kept As A Form Of Currency. Danny Morgan has been working as a journalist for more than 15 years and is is a first-time dad to one daughter, born in January 2021. In effect, eliminating the penny means all retail prices would end in zero or five. Since 1982, 327 billion pennies have been minted. The penny should be eliminated in the U.S. currency because pennies are a waste of time, not worth a lot, too much to make, and nobody can buy something with just one penny. 10 Reasons to Get Rid of the Penny The 10 reasons to get rid of the penny are either practical or financial. For them, it is a waste of money and time. And since the U.S . On March 29, Republican Sen. John McCain of Arizona and Senate Budget Committee Chairman from Wyoming, Mike Enzi, proposed a new bill titled The Currency Optimization . Aaron's argument is that pennies—and nickels—cost too much to make and aren't worth the hassle. Most Americans have an attachment to the coin and want to see it remain in circulation. Rodney J. Bosco and Kevin M. Davis, "Impact of Eliminating the Penny on the United States Mint's Costs and Profit in Fiscal Year 2011," pennies.org, Apr. Many years ago, a penny was enough to buy candies and small items. Inflation has destroyed the value of nickels and dimes as well as pennies. Most of the time it's not been in that little tummy for too long so just focus on it being milk…. A debate exists within the United States government and American society at large over whether the one-cent coin, the penny, should be eliminated as a unit of currency in the United States. The Penny being worth one cent by itself costs around 1.5 cents to manufacture. According to Money Crashers, pennies are 97 percent zinc. Amy Livingston, "Should We Get Rid of the Penny? Prices that end in 99 cents are common, and. Some prices would rise a few pennies; some would be rounded down. They Keep Prices Low. 12, 2012 A common argument for preservation of the penny is that eliminating the penny will drive up prices, causing those with a lower economic status greater financial strain. Stack of coins, including pennies. Pennies are also bad for the environment. The pollution being put off when making the penny is bad for the environment. Only an abundance the coins will be enough to actually purchase something. Revison. The mint should take what ever pennies make it to Federal Reserve Banks & recycle the metal to make more valuable coins such as the nickel through quarter. Congress must enact a law that eliminates the penny from circulation. A 2019 poll by Americans for Common Cents found even stronger numbers in favor of pennies, saying 68% of adults want to see the penny remain legal tender. Though, the penny does have a lot of advantages, like the history behind it. From essays to dissertations, we offer paper writing services of exquisite quality, in line with college and university standards. Some say the United States should stop using pennies because the cost of producing the coin is now higher than the value of the coin. Penny supporters point out that that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel. Penny preservation supporters claim that rounding up would inflate the costs of goods and services. Yes, The Penny Should Be Eliminated. One of the most compelling reasons cited for getting rid of the penny is the fact that it's become unprofitable due to inflation and the rising cost of metals. This was my best essay out of the year. Hire a subject expert to help you with Abolish the Penny Essay
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