Abraham Lincoln is already on the five dollar bill.
The penny is useless. You can't really use the penny for anything and there is too much of it. If we got rid of the penny (or at least the making of it) we could make sure we don't have inflation. In the future, inflation will be a big problem. We should be like Canada and start early to make sure we won't have inflation. There isn't really a use for the penny. That is why we should get rid of it, or at least stop the making of it.
Posted by: GreenGavGiraffeGet rid of it.
First, it cost too much to make. Almost double the amount it's worth. Next, it is useless. We just use it for spare change. We've gotten rid of a coin before, why can't we do it again? It's too much of a hassle, and we would all be better off without it.
The penny costs 1.7 cents. It is lowering the income of America just like the nickel.
We could round prices to the nearest 10 and there would be lower amounts of change. Plus Abraham Lincoln is on the 5$ bill, plus you can't buy anything with pennies, even with 100 pennies it is just one dollar, the penny is just a waste of time and materials.
A heavy load in my pocket and its worth only 10% of what it was 48 years ago when I was 6.
We have already proven that the penny and the nickel is hurting the economy not just because they cost more than their worth to make, not just that, they also take up way too much time to posses and have a extremely low exchange value for goods. For example: when I was 10, I could get a Coke and a Twinkie for 34¢ at a local deli. Today, at 7/11 it costs $3.25 almost 10X's more. So why keep the penny and or nickel? More importantly? Why the need for CoinStar machines? That should be the first indicator that something is wrong...
Canada already has
Canada has already ceased production of the penny and are no worse for it. In getting change back, people may not care about up to four cent unaccounted for. Also, many people use bank cards. The absence of pennies will not affect this. The other option, if we wish to keep the penny, is redenomination. Make new dollars and new cents like the uk did back in the 1970s. Make the new dollar worth $10 old dollars, the penny worth 10 old cents. Kinda gives a classic 1950s value to our moneh without affecting deflation.
Posted by: juminrheeIt wouldn't be the first time
The US has already abolished a coin before. Does anyone remember the half-penny? Well once our government realized that the half-penny was worth less than the cost to make it, they quickly removed it because that MAKES SENSE! Plus due to inflation, the modern penny is worth only 1/20th the value of a penny during Lincoln's time period. And the penny and the nickel both cost more to produce than they are actually worth.
Posted by: 58539672Yes, but... .
The logical answer is yes. When you start to argue with people over it, some interesting answers. From the strictly sentimental, to irrational screaming, to some - few - rational arguments. Like, it WILL hurt the economy. No, really. It is mostly about impressions, but when the lowest demonetization is raised, it historicity effects (mentally) the perception of stability and inflation.
And a small note. A nickel costs .11 to mint.Posted by: TBR
Why get rid of a penny it is useful ?
The penny is not useless because if you are at a store and what you have to pay is $5.03 you can you it .If you want to get rid of the penny why you just never use pennies and the people that what to use pennies should. Why would you want to get rid of a penny? If you need a cent to make a dollar use a penny. Why get rid of it if it helps you everyday?
The importance of a penny
Iowa has a tax of 1.7% how would we make that .7 if we have no pennies? Does that mean business tax price will go up? Or will the state tax go up all in one? Which will both be a bad thing because people now complain about taxes. Again, for stores how would they come up with the extra change they use? Or fundraisers that rely on change.
The Penny is Very Important.
To Americans the penny shows a sense of pride for our sixteenth president, Abraham Lincoln. A lot of Americans don't like change and would rather stay to their age old traditions. Plus, pennies keep prices cheaper, if you want to buy something that is 97 cents, but there are not pennies. The price will round to a dollar. Also, small but important charities will not have as much money, because they depend on small change donations. Fundraisers like Pennies for Patients, are charities that rely on penny donations for money to help the people the charity is for. Also, if the penny is to much to make our government should just find a different metal to make them with.
The Penny is Very Important.
To Americans the penny shows a sense of pride for our sixteenth president, Abraham Lincoln. A lot of Americans don't like change and would rather stay to their age old traditions. Plus, pennies keep prices cheaper, if you want to buy something that is 97 cents, but there are not pennies. The price will round to a dollar. Also, small but important charities will not have as much money, because they depend on small change donations. Fundraisers like Pennies for Patients, are charities that rely on penny donations for money to help the people the charity is for. Also, if the penny is to much to make our government should just find a different metal to make them with.
The Penny is Very Important.
To Americans the penny shows a sense of pride for our sixteenth president, Abraham Lincoln. A lot of Americans don't like change and would rather stay to their age old traditions. Plus, pennies keep prices cheaper, if you want to buy something that is 97 cents, but there are not pennies. The price will round to a dollar. Also, small but important charities will not have as much money, because they depend on small change donations. Fundraisers like Pennies for Patients, are charities that rely on penny donations for money to help the people the charity is for. Also, if the penny is to much to make our government should just find a different metal to make them with.
The Penny is Very Important.
To Americans the penny shows a sense of pride for our sixteenth president, Abraham Lincoln. A lot of Americans don't like change and would rather stay to their age old traditions. Plus, pennies keep prices cheaper, if you want to buy something that is 97 cents, but there are not pennies. The price will round to a dollar. Also, small but important charities will not have as much money, because they depend on small change donations. Fundraisers like Pennies for Patients, are charities that rely on penny donations for money to help the people the charity is for. Also, if the penny is to much to make our government should just find a different metal to make them with.
Why do it!?
First thing, ALL of the prices that used to be in between 5 cents, would go up...Do we really need more expensive items in stores? Also, wouldn't that be a bit offensive to Abraham Lincoln?
He's done a lot for Americas society, wouldn't it be disrespectful to just take him off? Also for charities that raise money, would people be willing to donate 5-10 cents instead of there pennies?Posted by: hellyeahWe need a 1 cent coin!!!
Why would we get rid of the penny? If something cost 99 cents, and you paid a dollar, you should get that 1 cent back in change! It would be much easier to just leave the penny is the system.
If it costs more to produce a penny, than the penny is worth, make it out of a cheaper metal, don't get rid of it altogether!Posted by: DebateDuoNo we should not get rid of it
No, I don’t think we should get rid of the penny. Why get rid of it when it is useful? The penny, like others have said, come in handy in certain situations. For example, if you need to pay $10.02, you can easily use two pennies along with a 10 dollar bill. Another way pennies are useful is if you need a penny to simply make a dollar. Pennies along with other spare change is also used to donate a tip or give a penny for charity types of things. Pennies are used in many ways and used everyday, so there is no point in getting rid of them.
No we should not get rid of it
No, I don’t think we should get rid of the penny. Why get rid of it when it is useful? The penny, like others have said, come in handy in certain situations. For example, if you need to pay $10.02, you can easily use two pennies along with a 10 dollar bill. Another way pennies are useful is if you need a penny to simply make a dollar. Pennies along with other spare change is also used to donate a tip or give a penny for charity types of things. Pennies are used in many ways and used everyday, so there is no point in getting rid of them.