Canada eliminated its penny in february 2013 australia got rid of its penny in 1992 and is expected to do the same with its nickel soon parts of the us government have already stopped using pennies. 2008 ap ® english language develop a position on whether or not the penny coin should be eliminated synthesize at least three of the sources for support you may refer to the sources by their titles (source a, source b, etc) or by the descriptions in the parentheses source a (lewis. Should the penny be eliminated the penny a thin, copper coin smaller than a nickel, but larger than a dime one of our this is further evidence that keeping the penny is not much detriment to our economy, as even people with lower income supported the penny documents similar to shouldthepennybeeliminated rosefest 2016 uploaded by.
Watch video the penny has outlived its usefulness and should be eliminated, former us mint director philip diehl said. Should the penny be eliminated 6 17 jul, 2016 in coin sets / research tagged lincoln cents / us cents by kevin this is a question the us has been determining for decades do we really need a cent coin anymore let’s find out other us determinations that have come and gone. We should discontinue the minting of pennies and nickels, it actually costs more than a penny to make a penny currently (2010) it costs 24 cents to make one penny and 112 cents for each nickel.
Why we should abolish the penny and save billions by kns financial on march 16, 2011 when i was a kid, i always wondered why we needed pennies they are not as nice looking at the other coins, they usually get dirty quickly, and they fool you into thinking. Right now, a penny doesn't even buy a penny according to the us mint's 2014 annual report, the current cost of a penny is 17 cents per coin with nearly 8 billion pennies minted in 2014, the us spent almost $132 million to produce less than $50 million of circulating currency. The 5p should probably be the minimum unit, and prices rounded down to cope with it, as has happened in other countries in the same situation (though the americans still cling to their 1 cent. The penny and nickel just add drag to commerce canada is dropping the penny and transactions will be rounded to the nearest 5 cents we should take that one step further and drop the nickel too. Washington -- though it may be largely shunned by americans and costs the government more money to make than it's actually worth, the penny is not.
Penny-defenders have claimed that charities -- the kind that hold penny drives and rely on small change donations -- would lose out if people didn't have the red cents in their pockets, or in jars. The penny may be worthless, but let’s keep it anyway august 23, 2017 832pm edt jay l which became the norm after canada eliminated its penny in february 2013. The penny-pinching horde argues: those $998 price tags save the consumer 2 cents because if the penny was abolished, merchants would ''round up'' to the nearest dollar. Best answer: why not get rid of all coins they all are expensive to produce how much would that save us if you can justify getting rid of pennies the same justification could be used to get rid of all the coins we could just have 1 dollar as our smallest denomination. During this time period, a study is to be conducted to see if the penny should be completely eliminated and removed from circulation as a coin denomination furthermore, composition change for the us nickel, five-cent coin.
Ap® english language and composition 2008 scoring guidelines question 1 (continued) 4 inadequate essays earning a score of 4 inadequately develop a position on whether or not the penny should be eliminated they attempt to present an argument and support the position by synthesizing at least two. Penny supporters point out that that if pennies are eliminated, all cash transactions will have to be rounded off to the nearest nickel according to americans for common cents , this will lead to a “rounding tax,” as stores manipulate their prices to ensure. The us government should not eliminate the 1 cent coin it will lead to an 5% inflation in the economy within a year of that happening the coinage could be reduced but not eliminated totally.
However, in a recent survey, three out of four americans polled said they don’t think we should drop the penny many people argue that without the penny, stores would round up prices on many items, so shoppers would end up paying more. With our growing economy, the penny is not worth much considering the insignificance of the penny, the wasted time, and the irrelevance of the penny, one can suggest that the penny should be eliminated. Why the penny should be eliminated completely youtube link this death to pennies video is well-crafted, though the arguments it presents are nothing new these days, a penny doesn’t buy much more than a bit of crust the video is a bit misleading, btw, when it implies that half-penny coins were and are worthless. The alternative to the penny is rounding transactions to the nearest nickel that will make goods and services more expensive a gallon of gas, for example, will rise in nickel increments.
Not everyone agrees that the penny should be totally eliminated many argue that price-rounding cannot be done fairly, and that finding a way to make pennies cheaper is a better approach. Yes, the penny should be eliminated the main reason for the deletion of the penny is cost the penny being worth one cent by itself costs around 15 cents to manufacture 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. Yes, the penny should be eliminated the main reason for the deletion of the penny is cost the penny being worth one cent by itself costs around 15 cents to manufacture.