IndexThe Argument Against the PennyThe Argument for the PennyEconomic and Environmental ImplicationsGovernment and Public OpinionConclusionFor centuries, the humble penny coin, or it has been a basis of currency systems in various countries. Yet in recent years, the penny has become the subject of intense and ongoing debate. This debate revolves around a fundamental question: should the one-cent coin be removed from circulation, and if so, what are the implications of doing so? In this essay we will delve into the arguments for and against the continued production and circulation of the penny, exploring the economic, environmental, and cultural implications of this debate. By examining different perspectives, we aim to provide a comprehensive analysis of the ongoing penny discussion. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The Argument Against the Penny Those who support eliminating the penny present several compelling arguments in favor of this position. One of the central topics is the declining purchasing power of the penny. Over time, inflation erodes the real value of currency, including the penny. As a result, the penny lost much of its practical usefulness. It has become increasingly common for transactions to be rounded to the nearest cent, making the penny obsolete for everyday purchases. Critics argue that maintaining a currency with such limited purchasing power is impractical and inefficient. Additionally, the cost of producing and maintaining pennies is a significant concern. Surprisingly, the cost of producing a penny often exceeds its face value. In the United States, for example, the US Mint incurs expenses of more than a cent to mint each cent. This means that the government spends more money producing pennies than the pennies are actually worth. Critics argue that this represents an inefficient allocation of resources, especially when considering the large quantities of pennies minted each year. From an economic perspective, eliminating the penny could make financial transactions easier. With prices often rounded to the nearest cent, handling and counting cents becomes an extra step in transactions that could be avoided. This rationalization, supporters argue, would lead to greater efficiency in day-to-day commerce. The Argument for the PennyIn contrast, proponents of preserving the penny highlight its sentimental value and historical significance. The penny, like its larger denominations, represents a piece of a country's history and culture. Supporters argue that removing the penny would erase a tangible connection to the past. For many, the sight and feel of a penny evokes childhood memories and traditions related to searching for or collecting coins. In this sense the penny serves as a cultural touchstone, a reminder of a bygone era. Another point raised by supporters of the penny concerns the world of collecting and numismatics. Coin collectors seek out rare and valuable pennies, contributing to a thriving industry. Rare pennies can have significant value and historical importance, making them sought-after treasures by collectors. Penny storage is essential for those who engage in coin collecting as a hobby or investment. Additionally, charities often rely on penny drives and donations as a way to raise money for various causes. The continued existence of the penny allows these charitable activities to persist, benefiting both,.