So, what do you think? Should the U. S. keep producing pennies? Do some research about the cost to make a penny, is it more than its value? Do we still need pennies, what are they worth to us? If the government decided not to produce any more pennies, how would that affect the economy?
Share what you find out and tell us your opinion. Be sure to read the posts often so that you can respond to others!
Pennies, Pennies, Pennies
Do we really need pennies any more?
Pennies
Why do we have pennies? Were they created in a day when items or services could be purchased for such a low price? Do we still need them? In a time when people drop pennies and don't take the time to pick them up, or when you can enter a local convenient store and see a dish of pennies people left because they don't really want to carry them in their pocket, do you ever wonder why we still have them, do they serve the same purpose as they did years ago? Does it cost more to make the penny than it is worth? How might it change our economy if we stopped making and using pennies? Does it make you think?
5 comments:
Dear Mrs.Parsons,
I think that the us goverment should stop making pennies. First of all they cost about 1.2 cents to make a penny. So after you make 5 pennies you have spent 6 cents. And if you are making millions of pennies a day it can REALLY add up! I personaly think that the only reason they keep making pennies is a buisness sceem. Because $4.99 sounds a lot less expensive than $5.00. We should be spending the goverments money on important things not buisness sceems.
lilly
It could affect us because now we would not be able to say that a heads up penny is good luck!! Yeah I don't really think that making pennies is worth it because then we wouldn't have to deal with so many pennies. Since everything now is like 7.99 or something and 99 cents. It wouldn't make sence to pay more money for a penny to make it. I aree with lily they should be using that money for more important things. Ir would make giving back change a lot easier because we are only counting by fives, tens, or twenty-fives.
testing
Dear Mrs. Parsons
I don't think the us should print pennies anymore, because it costs a lot to buy the copper to make a pennie. So by making pennies the us is wasting a lot of money on pennies because it costs more to make themthen they are worth. Also stores would have to stop making prices that were $1.99 because the us stoped making pennies. But not making pennies could have a bad resut to because it would be harder to make change in stores.
mf
Everyone,
I think that it is more then it is worth making pennies. I think that because store's can easily just bring there value of there supply's up by 1 cent. We would think that wouldn't be fair because we would spend more money and that would add up. But our tax money goes towards the making of the pennies so maybe our tax rates would go down because they would not need that 1 million dollars (guess)a day to make pennies.
rwebb
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