Making Sense of Dollars and Cents

Will the penny survive? During recent years there has been significant debate over whether to keep the penny as part of the US currency or to discontinue production of the penny. Every year the United States Mint produces around 12 billion new pennies, but 6 billion get lost, stored, or disposed of. Even so, a recent poll shows most Americans, such as I, are not ready to say good bye to the penny. The penny should stay …

…and it generates a profit for the Treasury so they defiantly don’t mind printing pennies. The penny should not be discontinued because it is such an important part of the economy. It should remain in circulation for a multitude of reasons including its cultural value, popularity, importance to the zinc industry and Treasury, and if it were to be discontinued there would be inflation in the economy which will lead to lower consumer confidence.