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Worthy as little equally the penny is worth today, although currently other countries have coins with less purchasing ability in circulation.
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Why do we still use Penny in cash?
Whether we use the penny on the regular like we use quarters, nickels, and dimes shouldn’t matter because it’s still being circulated in cash flow. . Most cash transactions involve the exchange of pennies, and this increases the time it takes to complete them.
Do you think the Penny is a waste of money?
For example when you don’t have the needed change, you would turn to the penny. Some people say minting pennies is a waste of money. They say the penny has out lived its usefulness so we should retire it, but I believe the penny has more life in it still because people is the US still use it unlike Canada and few other states or countries.
Is there a debate about keeping the Penny?
In recent years, a debate on whether or not America should keep the penny has arisen. Numerous Americans are in favor of keeping it due to sentimental value, while others say it is just too costly. There are multiple upsides as well as downsides to…
Why are pennies worth more than US currency?
Pennies are made of copper and zinc, two metals that have recently soared in price. Because of the high value of those metals, a penny is worth more melted down than as U. S. currency.
Last Update: Oct 2021
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Preserving the cent keeps consumer prices down and avoids harming low-income households.