Should We Abolish the Penny?
The standard Abraham Lincoln penny has been around for almost one hundred years. It was created in 1909, because that year was the centennial (hundred year anniversary) of Lincoln's birth. People have many opinions about the penny both good and bad; however, the notion of not needing it is true and justifiable. What follows are, statistics, evidence, and results of a survey to support this claim.
The penny is known for its copper features, and being worth a cent. The composition of the penny is not only copper, because other metals are used to make it. The penny is made of 97.5% zinc, and 2.5% copper. Zinc is a cheap metal but the total value of the penny is over a cent. There is eight tenths of a cent of zinc and three tenths of a cent worth of metal in an actual penny (1). These figures added up equal 1.1 cent and it is even higher when actual labor is included in the equation. America is losing money on every penny that is made. It does not......
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