For gore, getting rid of the penny just makes good financial sense according to the us mint, both the penny and the nickel have been produced at a loss since 2006 because the materials used. 1p pop idol get your hands on gareth gates for only a penny a penny for your thoughts, gareth maybe he’s wondering why his 2003 single say it isn’t so is that cheap on amazon. As a result, in 2016, making each penny cost 15 cents that’s one reason people say producing pennies doesn’t make “cents” anymore people who support getting rid of the penny also argue that the coins are annoying.
I saw a twitter tweet from a penny today not a woman named penny, but a penny coin the canadian penny, to be exact the canadian government recently announced its intention to eliminate the penny as a cost saving measure in a last ditch effort to save face (value), the canadian penny took to. Get rid of the penny 94 likes 1 talking about this streamlining currency in order to save money. Don't you dare eliminate the penny “a penny costs nearly 2 cents to make, a nickel nearly 8 cents “i can't think of any good reason not to do so”—to get rid of the penny. The melt value of a zinc penny is one-half of a cent even so, a ccording to the us mint , it costs about 24 cents to make one penny in 2013 alone, this cost taxpayers $105 million.
Phasing out the penny in economic action plan 2012, the government announced it would phase out the penny from canada's coinage system. A reader asks: why doesn’t the united states get rid of the penny, as canadians have done binyamin appelbaum, a washington correspondent for the times who covers the federal reserve, considers. Perhaps the main issue is that some of the major opponents to getting rid of the penny are the producers of coin blanks and the us zinc lobby-- the groups that profit from the production of the penny. We should get rid of the penny we should get rid of pennies because pennies are worthless, they only cost 1 cent i think we should get rid of pennies because it cost more to make a penny than what it is worth, it cost 2 cents to make a penny and a penny is 1 cents. Get rid of the penny 534 words | 2 pages invest in renewable energy, or invest in education, all of which would greatly improve the nation while at the same time getting rid of a pointless coin.
The penny is a nuisance we can actually do something about there are certain things we know are impossible to get rid of: terrorism, herpes and guy fieri, oliver said. Short summary i bought some shares in a penny stock a few years ago, but now they don't trade and are worth $00001 per share i want to get rid of them, but a) market orders don't work because the shares have no volume, b) limit orders don't work because the lowest price for a limit order is $00001 a share and the stock is already priced there, and c) my broker won't buy them from me, which. Making and shipping each penny costs the us mint 2 cents but few want to get rid of the nearly useless coin making and shipping each penny costs the us mint 2 cents but few want to get rid. Why eliminate the penny one of the most compelling reasons cited for getting rid of the penny is the fact that it’s become unprofitable due to inflation and the rising cost of metals. Right now, a penny doesn't even buy a penny according to the us mint's 2014 annual report, the current cost of a penny is 17 cents per coin with nearly 8 billion pennies minted in 2014, the us spent almost $132 million to produce less than $50 million of circulating currency.
Get rid of the penny 93 likes streamlining currency in order to save money. This feature is not available right now please try again later. Are you in favor of getting rid of the penny or should the us keep it's smallest coin here are both reasons for and.
The penny debate the video below does a great job of being both an educational and entertaining introduction to the many practical, efficiency-based arguments in favor of eliminating the penny. Why get rid of the penny those who are anti-penny feel that the small coin is a waste of time and resources it costs the us mint close to 2 cents (18 cents, as of late) to make a penny — a. I hate them too, and i do the following to get rid of them: 1 use plastic freezer bags to bag them i use hong kong dollars, the size of the coins are very different between dollars.
Congress has weighed getting rid of them, though pro-penny lobbying efforts and public opinion have stood in the way stop it's literally not worth your time to bother with that penny. Canada is ditching production of the penny, saying it costs more to make the coin than it's worth canada is ditching production of the penny, saying it costs more to make the coin than it's worth. I believe that the penny should be eliminated from circulation (i also believe that if we also eliminate the nickel, which i am in favor of, the dime will have to go as well, but let’s just.