You've reached the end of your free preview. So dropping the penny may wind up costing the government more in the end. While it does cost two cents to make a penny, the nickel is even more expensive, at ten cents apiece. During recent years there has been significant debate over whether to keep the penny as part of the US currency or to discontinue production of the penny. As the U.S. Mint faces the prospect of having to find more cost-effective compositions from which to make the nation's coinage, the debate about the continued existence of the humble penny is sure to carry on. Every year the United States Mint produces around 12 billion new pennies, but 6… 572 Words 1 Page Penny supporters have some economic arguments as well. TERM Fall '12 Want to read all 4 pages? In this essay I am going to argue why we should keep the penny and why people think the penny should stay in route with the rest of the coins.Also why or why not we should keep the penny and if we didn’t where would the penny go? Get Your Custom Essay on Penny Argumentative Performance Task Just from $13,9/Page Get custom paper However on the other hand, according to the article, “The Expense of a Penny” by J. Wendell Shelton it specifies that the when the U.S Mint mints, or produces, a new cent, it costs 2.4 cents to mint, 1.4 more cents that the cent’s real worth. They point out that if the penny goes away, the Treasury will need to make more of the next smallest coin. Many people thought that 2009, the 100th anniversary of the Lincoln cent, should have been the last year of penny manufacture. The Penny Debate article, allows readers to take in both the positive and negative elements of the penny in today’s society by displaying a series of beneficial properties along with the inconveniences pennies have. The Great Penny Debate Sandra Quadros BowlesNov 16, 2018 The ever wise and philosophical Benjamin Franklin had advice about our smallest denomination of currency: “A penny saved is a penny earned.’’ But even he might be surprised how quickly that single penny can add up …
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