The Instigator
Pro (for)
7 Points
The Contender
Con (against)
0 Points

The penny should be stopped from circulation

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Post Voting Period
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Voting Style: Open Point System: 7 Point
Started: 3/16/2014 Category: Economics
Updated: 6 years ago Status: Post Voting Period
Viewed: 1,100 times Debate No: 49227
Debate Rounds (3)
Comments (3)
Votes (1)




I will be arguing in favor of the following plan:

1: All Pennies currently circulated as U.S Currency shall be no longer be accepted as commerce by the United States Treasury Department.
A: The production of pennies will be halted immediately.
B: Those pennies not in circulation, but already produced, shall be melted down.
C: The remaining pennies shall not and will not be allowed to be held by any U.S citizen with any intention other than collecting

2: Pennies shall be no longer used as a form of debt payment in the United States or its respective territorial holdings, nor shall it be continued to be produced as a coin of regular commercial circulation.

3: The United States Mint shall be responsible for executing the contingencies of the aforementioned plan, in the interest of the U.S Treasury department.

4: All laws in conflict with this legislation are hereby declared null and void.

5: The plan will take affect January 1st 2015

First round is for acceptance


You did not state why pennies should not be in circulation.

Anyways, melting down pennies will cost a huge amount of money.
Secondly, halting the production of pennies will discourage the use of pennies; and therefore, make it harder for future penny collectors to collect old pennies.
I do not see any reason why pennies should be abandoned; it costs money and results in no benefits.

I do not have much time; therefore, I will stop right here.
Debate Round No. 1


Alright, I was planning on presenting my advantages and arguments in my second speech after presenting my plan. Let's have a look at a few statistics revolving pennies:
1: Pennies in circulation: 200 billion, totaling 2 billion dollars
2: Cost to produce a penny: 1.99 cents
3: Pennies created in 2013: 7 billion, totaling 70 million dollars

Doing some math we can see that if we make 7 billion pennies in 2013, and it costs 1.99 cents to make a penny then we spent 13,939,000,000" (13 billion 930 million cents) to make our pennies in 2013. That's a total of 139,390,000$ (139 million 390 thousand dollars) to make our pennies. As a total, we are losing 69,390,000$ (69 million 3 hundred and 90 thousand dollars).

Based on these statistics and the total losses provided by these pennies there is no reason to not pass this plan, we would also be making up for some of these losses by melting down these pennies and using the metal for other enterprises.
An interesting thing to consider about this is that it has been done before, in 1857 the half penny was eliminated. There were no serious side affects and the value of the dollar was much higher. When no serious side effects came into play when the value of the dollar was higher, it is clear that it will have minimal side effects on the current economy.



henry2833 forfeited this round.
Debate Round No. 2


I extend my arguments


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Debate Round No. 3
3 comments have been posted on this debate. Showing 1 through 3 records.
Posted by AizenKnaik 6 years ago
Penny has been part of our daily lives. If it's going to be melted or abolished, then I think rich people will somewhat have the advantage, assuming that penny will not be replaced with other instruments tantamount to its cost. And also, we need pennies for smaller denominations of money. Similarly, pennies could be a starting-point to the poor people. So therefore, it is unwise of them if they're going to remove pennies without replacing it with something commensurate to its value. Just saying.
Posted by skinsfan10 6 years ago
Aww shoot I meant all the way
Posted by skinsfan10 6 years ago
This is not even something I'd considered before, but now that it's in effect, I'm going Pro (msheahan99) all the war!
1 votes has been placed for this debate.
Vote Placed by Iamaconfederate 6 years ago
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Total points awarded:70 
Reasons for voting decision: ff

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