Why We Should Discontinue The Penny? Since the penny costs almost 2.5 more than face value to make, the Mint can make 5 pennies and still lose less money than making one nickel. And, of course, if we eliminate the penny, we’ll need a lot more five-cent coins, which will offset the savings of stopping
Why We Should Eliminate The Penny? Some people support the penny for sentimental reasons. It was one of the first coins made by the Mint after it was established in 1792. … Penny proponents also argue that eliminating pennies would amount to a one-cent sales tax for consumers because prices that end in 99 cents
Should Pennies Stay Circulation? Proponents of keeping the penny in circulation say that its use avoids increased prices that will hurt low-income households the most, that pennies have a long lifespan and are more cost-efficient to manufacture than nickels, and that pennies are vital to several charities’ fundraising efforts. Why is the penny still in