Starting up on a little bit of history.
In 1792 the United Stated came out with the half-cent, one cent coin, the quarter, dime and nickel (at the time it was called the half-dime). A reason why I don't understand why the penny hasn't disappeared or at least stopped getting made is that there used to be a half cent. The half cent was a coin that eventually around the late 1800's got "killed" for being worth to little, but back then that half-cent had more power to buy stuff than our dime does today. I believe all the way up the pennies, nickles and dimes should be gone, but I am going to simply just start with pennies.
Over time the amount of pennies actually being made out of 100% Copper dropped down to zero as the cost of Copper increased and caused the production of the penny cost to much so now its only 5% of the actual penny. Then when that happened people started melting down their old pennies into raw copper to be made into something useful and sold. That worked until the government for some reason saw that the expulsion of the undervalued pennies got on their nerves and made it illegal to destroy any US Coinage...
The number of excuses I have seen and understood why no one wants to get rid of pennies is because of:
- It's unpatriotic
- The amount of charitable donations will decrease
- You need them for exact change
- That they will make prices rise
Ok well to be honest there is not that much to be patriotic with the penny. In has Abe Lincoln on that but as we all should know he has already taken the spot for the five dollar bill. If we lost the penny we wouldn't be losing our patriotic memory to the penny being killed. Then if you have ever known anyone in the US Military that was over seas. If they came back and ever complained about pennies is because the US Military got rid of the penny because its lack of value and ability to easily be lost. Simply they rounded everything up to the next five cent and the ultimately patriotic soldiers got rid of the penny. Patriotism is not found in coinage. Proof.
People fear that the amount of donations will go down from all of those boxes in front of cash registers that has a child's face that you can't help but resist putting pennies in there for them. Well in all honesty other countries have gotten rid of the penny. Australia a good example a well off economy, they got rid of their penny and simply as well rounded up to the next five cent, and donations did not decrease.
The fact that people have said that we need exact change is stupid. If the penny were to be destroyed the obviousness of matter is that what is considered exact change will change by rounding up to the next five cent just like everyone else has done.
Finally the thing that makes me the most confused as to why people say the things they do. People are afraid that prices will rise... I can't shake my head anymore with out it falling off with that statement, because the fact of the matter is that the penny is a strain on the economy. No, not enough to solve all of the issues that exist but at least we would remove one of the many anchors.
The penny is simply to expensive to keep around. The government spends 2.5 cents per penny every year to make four million of them. That huge waste of money and the desire to kill government officials is massively overwhelming. They want to help the economy? Then I think they should stop arguing about what to add to help the economy then I think they're doing it all wrong. There are billions and maybe trillions of dead weight that exists in all of the laws and pennies we have stacked up, but that is not for now.
The penny is virtually useless. You can't use simply just pennies to buy anything because of the value and no machine accepts it. Vending machines, laundry machines, toll booths, parking meters, nothing will take the pennies away from you except for Coinstar. All it does is it takes all of the pennies you have stored up in your jar and turns it into something that you can actually use. It is supporting pennies to stay but also supporting the fact that they are useless and if you are one of those inconsiderates in line that take time in your purse or pocket to count then you truly have no emotion.
All in all the penny is useless because they can't do their job as something to be used to buy things, they cause a weight added onto our economy and they are simply a waste of time and money. I want to see the penny gone and I want to see it go away peacefully. If you collect pennies, you should be happy. Now they're collectors. Be gone of the penny.
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