U.s. Mint Should Discontinue The Penny - 1604 Words

In recent times the U.S. penny has become a heated topic for debate. The issue people debate is whether the U.S. mint should discontinue the penny. Most Americans seem to have a definite opinion about this topic. Both sides of the argument have increasing support and a numerous amount of legitimate reasons to support their argument. In my opinion pennies are a nuisance and do not really offer enough value, therefore the U.S. Mint should discontinue the production of the penny. The U.S. Mint was established when congress passed The Coinage Act in 1792 (The New Yorker). A year later in 1793 the Mint produced its first circulating coins. The U.S. Mint is responsible for producing circulating coins that people use for monetary transactions. They also produce commemorative coins for people to collect. The one cent coin was first produced in 1787 by private mints. 5 years later the first U.S. pennies were created. According to the Americans for Common Cents organization, over 300 billion o ne cent coins have been produced since 1787. Over time, more and more people have thought the penny has outlived its worth. Though, there are still a large amount of people who believe the penny is necessary to the U.S. economy. When it comes to this debate there are many aspects people disagree about. Most of the aspects discussed have to do with the future of the U.S. economy if the penny was discontinued. The price of making a penny and the effect of not having a penny for normal