The Instigator
JustAnotherGuy
Pro (for)
Winning
8 Points
The Contender
Cheezy
Con (against)
Losing
0 Points

Stopping production of the penny in the United States would be a good decision.

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Post Voting Period
The voting period for this debate has ended.
after 2 votes the winner is...
JustAnotherGuy
Voting Style: Open Point System: 7 Point
Started: 3/16/2014 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 599 times Debate No: 49213
Debate Rounds (4)
Comments (0)
Votes (2)

 

JustAnotherGuy

Pro

I will be debating for stopping the production of the penny. First round is for acceptance. Good Luck!
Cheezy

Con

I think that the production shouldn't be stopped because for one, in a way, it kinda makes things easier. And taking away the penny would make things more expensive change wise also. and EVERY store EVERYWHERE would have to change the price tag on everything so that the lowest change number was 5 cents
Debate Round No. 1
JustAnotherGuy

Pro

Sorry about the late response, to my arguments.

1. It costs more to produce it than it is worth.
2. Other countries have done it with success.
3. We've gotten rid of coins before.

1. It costs more to produce it than it is worth.

The cost to produce a penny is approximately 1.83 cents to make, and it is only worth 1 cent. This being so the government loses $55,000,000 doing this transaction. [1] Although this is basically zero compared to the current national debt, it would be a good start in lowering the debt.

2. Other countries have done it before.

Finland, New Zealand, and Canada have all ceased making one cent pieces for transaction [2]. They have all done this without harm to their economy, and it has gotten easier to make transactions with cash, as prices are rounded to the nearest 5 cents for cash users. (credit users still use one cent numbers, but they don't need pennies). [4]

3. We've gotten rid of coins before.

We used to have a half-cent piece, but that had lost all of it's value. The dime even is now worth about as much as the half cent was, so it is time to change. [3] [4]

Sources
[1] http://en.wikipedia.org...(United_States_coin)
[2] http://coincollectingenterprises.com...
[3] http://en.wikipedia.org...(United_States_coin)
[4] Video
Cheezy

Con

Cheezy forfeited this round.
Debate Round No. 2
JustAnotherGuy

Pro

Extend all arguments
Cheezy

Con

Cheezy forfeited this round.
Debate Round No. 3
JustAnotherGuy

Pro

Arguments, they hath been extended
Cheezy

Con

Cheezy forfeited this round.
Debate Round No. 4
No comments have been posted on this debate.
2 votes have been placed for this debate. Showing 1 through 2 records.
Vote Placed by Actionsspeak 3 years ago
Actionsspeak
JustAnotherGuyCheezyTied
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Total points awarded:40 
Reasons for voting decision: FF
Vote Placed by Relativist 3 years ago
Relativist
JustAnotherGuyCheezyTied
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Total points awarded:40 
Reasons for voting decision: Forfeiture and uncontested arguments.