Abolish the Penny Essay - 954 Words - StudyMode.
The penny is one of the most symbolic creation of America. It has our 16th president’s face engraved on it and he was one of the greatest leaders who made a great impact to our country. We shouldn’t abolish the coin because it’s a historical symbol that should be honored and treasured.
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Don't abolish the penny. Banning the penny would affect the poor. According to About.Com, the poor use the penny to make more frequent, smaller purchases. If we get rid of the penny, the poor would have to suffer even more because of the lack of pennies.. So it help keep the prices down and also tax down.
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Should the Penny Stay in Circulation? The US Mint shipped 8.4 billion pennies for circulation in 2017, more than all nickels (1.3 billion), dimes (2.4 billion), and quarters (1.9 billion) combined. While countries such as Australia, Canada, and New Zealand have phased out their one-cent pieces, Harris Poll found that 55% of Americans are in favor of keeping the penny and 29% want to abolish it.