Remove the Penny

Lately I have gotten the stint that the Penny should be removed from circulation. The reason for this is, it is a piece of copper that hardly stands for anything except filling our pockets with worthless metal. Nothing costs a penny anymore, except taxes. For that, the penny is a useless coin in today's currency.

Currently, it costs more than a penny to produce a penny. It ranges from 1.4 cents to about 3 cents for the metal to make it from the copper and zinc mines to a person's pocket. The estimates could be higher. So why produce a product that costs more than the face value? Why not make 2-cent pennies? That sounds counterproductive, so remove the penny. Save Lincoln for the 5 dollar bill, he just looks just as great to remain there instead.

I know people who simply throw away pennies. Yes, they are worthless and that is why most donation boxes contain mostly pennies. Consumers don't want to carry change, especially pennies because of their serious depressed value. So why do our politicians seem to care about pennies when they care mostly about millions, billions, and trillions of dollars? It takes 100-million pennies to even equal a million dollars and if it costs three-million dollars to create one million pennies, the government is wasting two-million on making a coin that values 1/3 the cost of creating it. (Note, this is just an exaggerated figure, but a scalable one).

So, remove the penny. Now what does that do for everyone? For those who shop, everything will be rounded off to a 5-cent figure. Now does that sound to be hard? Even with taxes, things can come to a nice 5-cent number. That way, we can use more nickels, dimes, and quarters to pay for virtually everything. Of course, this may seem like a backlash to remove the copper coin, but every purchase is getting more and more expensive that pennies are proven to be nothing for the item but valueless to the actual cost.