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Penny Synthesis Essay

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Benjamin Franklin once famously said ‘a penny saved is a penny earned’, but with changing times a penny saved may now be 1.5 cents wasted. Pennies are the smallest coin now in American circulation, but it may be time to upgrade to the nickel and leave the penny behind. The US government have removed small-denomination coins before, and like France and Britain before us, the penny needs to move the way its half-cent predecessor did. (Source C) Not only do pennies waste taxpayer money but they increase the environmental problem and are nearly useless in everyday life. Virtually nobody carries pennies around in their pocket for payments, unless they have just received some in change from a previous purchase. Oftentimes, we throw them in a penny jar at the counter, valuing not carrying them over owning them. Outside a collector’s scope, pennies are all but …show more content…
(Source C) The penny’s value is a cent, but they actually cost 1.5 cents to produce, exploiting 15 billion dollars in government-levied taxes per month. To add to this staggering sum, the production of this coinage also wastes government employees’ time in rolling, stamping and other tasks to complete the small coin, when if pennies were abolished, the employees’ time could be spent on other more urgent tasks
Pennies, small as they are, add to the increasing environmental problems. This coin is made from predominantly zinc and a small amount of copper (Source A) and extracting these metals from the ground takes a great deal of energy. And then the zinc must be extricated from ore, rolled and stamped into coins and transported to banks. The multitudinous stages of their productions put tons of carbon dioxide into the atmosphere annually. If the US Mint discontinues producing pennies, we save a great deal of time and

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