Should We Get Rid of the Penny? - Reasons to Keep It vs Eliminate It

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  • Опубликовано: 5 сен 2024

Комментарии • 126

  • @thomasvadeika2119
    @thomasvadeika2119 7 лет назад +44

    If Lincoln was alive today, he'd be like "Why is my face on a useless coin that everybody just throws in a jar and disregards?" Being on a penny is no more honoring than being on a roll of toilet paper.

    • @thewarlord6529
      @thewarlord6529 7 лет назад +4

      It is better to put his face on the five dollar bill... Isn't it better to honor him with a piece of currency we can actually use? I think Lincoln would approve.

    • @hunterdelauer417
      @hunterdelauer417 5 лет назад +1

      I wish my face was on toilet paper but I get what you're saying and I agree completely

    • @christopherramsey7027
      @christopherramsey7027 4 года назад

      Actually it's worse. A piece of toilet paper is worth several pennies.

    • @TheThunderStrikes
      @TheThunderStrikes Год назад

      He actually did talk about it, and he said , "Anytime we are spending more money on something we do not actually use, that's an example of something we should probably change,

  • @dr.deadpool5959
    @dr.deadpool5959 6 лет назад +9

    I have a timed essay tomorrow on this thanks

  • @emilyahmad4206
    @emilyahmad4206 3 года назад +4

    i remember being so happy whenever i found pennies in the parking lot 😭

    • @sharonsobolewski3707
      @sharonsobolewski3707 2 года назад

      I STILL FIND THEM EVERYWHERE ANYBODY DONT WANT THEIRS THROW THEM MY WAY

  • @maxpower1337
    @maxpower1337 5 лет назад +8

    I remember when you could buy candy for a shiny Penny.

    • @miguelbarrera7426
      @miguelbarrera7426 4 года назад

      Boomer

    • @bluepineapples9947
      @bluepineapples9947 4 года назад +3

      Miguel Barrera haha that’s a fun and original joke comedy moment

    • @sharonsobolewski3707
      @sharonsobolewski3707 2 года назад +1

      YAH REMEMBER YOUR PARENTS TAKING YOU TO STORES ON VACATION PENNY CANDY IT WAS SO FUN AND BAZOOKA GUM WAS WORTH A PENNY I LOVE PENNIES

  • @X-Factor-by2kz
    @X-Factor-by2kz 7 лет назад +8

    It is high time to retire the penny. They have little value and are a cumbersome coin to deal with. Not only are they dirty, many I see are corroded and nasty looking. I don't think dirty, corroded, and nasty is a very good representation of our country. As a cashier it would be so much better without them. Most people leave their pennies in the penny cup because they don't want them. If they drop them on the floor they don't bother picking them up. Canada has also eliminated the penny and they didn't fall off the map or go into chaos. Bottom line is if the mint is losing money making them, why make them?

    • @furyfawn1987
      @furyfawn1987 6 лет назад +1

      The penny was abraham lincoln on it

  • @richardhutchison3123
    @richardhutchison3123 7 лет назад +3

    Most people pay for a dinner at a restaurant with a bank card. I don't carry cash because it is safer not to and the chances of losing money are significantly reduced. You can stop a bank card from being used but you cannot stop lost wallets with money from being used by the finder.

    • @furyfawn1987
      @furyfawn1987 6 лет назад +1

      Richard Hutchison so are you saying that we should throw away all cash so your saying we don't need cash and if you do have cash on you who is going to get out of there way now just to steel a few penny's but if the government is taking away penny stocks wouldn't that mean that the penny would be considered rare or even valuable then people will get out of there way to steel the penny's that the government was not collected😐

  • @Korajiyo
    @Korajiyo 6 лет назад +15

    Reasons to keep the penny:
    There arn't any. Not any logical reasons anyway.

  • @epikdude6979
    @epikdude6979 3 года назад +1

    But you can buy a candy with a shiny penny,Shiny pennies are useful

    • @emilyahmad4206
      @emilyahmad4206 3 года назад

      dirty pennies are punching the air right now

  • @christopherkatz9484
    @christopherkatz9484 7 лет назад +6

    Lincoln's reward is in heaven. Nothing we can do can add or take away from his real reward.

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад +1

      But Lincoln ooh Lincoln, HES ON THE 5 DOLLAR SO JUST REMOVE THE PENNY!

  • @JohnnyStax
    @JohnnyStax 7 лет назад

    Thank you

  • @coinman4469
    @coinman4469 3 года назад +1

    Cool

  • @caitlinunderwood8447
    @caitlinunderwood8447 5 лет назад +2

    We should make pennies and nickels smaller if we don’t completely eliminate them, this would at least make them lighter and cheaper.

    • @nomadicwarmachine7101
      @nomadicwarmachine7101 5 лет назад +1

      Whether or not the size is big or small, the value of them are so small, they really hold no use for our economy, they waste businesses time counting them, and they destroy the earth by mining for them and they are expensive to make.

  • @andreg6873
    @andreg6873 7 лет назад +4

    KEEP THEM. KEEP THEM.

  • @InugamiTheHound
    @InugamiTheHound 8 лет назад +8

    I want to get rid of the penny.I hate them so much they are useless
    I also want to get rid of the old $1 dollar bill and replace it with $1 dollar coin.

    • @Koshionos1
      @Koshionos1 7 лет назад +2

      DamuEmran a $1 coin would be uncomfortable in the wallet, seeing how we end up getting so much in ones during purchases. Also, for that to make economic sense, we would need to produce it at less than 4.9 cents, which is difficult to do.

    • @InugamiTheHound
      @InugamiTheHound 7 лет назад +5

      Koshionos1 having the dollar coin replace the dollar bill would be great news we would save between 4-13 billion dollars(maybe even doulbe that) over the next 30 years. Also the dollar coin is recyclable after 30 years.
      We would also need more 2 dollar bills so we won't get too many dollar coins as change. Or replace the 2 dollar bill with a 2 dollar coin like everyone else. But I want to see the 1 dollar bill get replaced first and modernize our currency.

    • @Koshionos1
      @Koshionos1 7 лет назад +1

      I don't see that saving money, it costs 5.5 Cents per $1 Coin vs 4.9 Cents for the $1 Bill. In order for that to happen, we would need to reduce the size and weight of the $1 Coin, not to mention ensuring that each vending machine is updated to accept the new coin model. I do see a benefit in the $2 Bill being printed more often, as more things cost up to and around $2 for minor purchases. It also costs the same amount as a $1 Bill to print.

    • @InugamiTheHound
      @InugamiTheHound 7 лет назад +2

      Koshionos1 pretty much all vending machines(candy or tolls or subway booth etc..) all accepted dollar coins. It does cost 0.32 cents to make a dollar coin but over time the coin makes money thanks to "seniorage" the longer time the coin is our being used the government makes money. 1 dollar coin weighs less than 4 quarters.

    • @Koshionos1
      @Koshionos1 7 лет назад +1

      I do see the Dollar Coin lasting longer, considering it's not made of paper. However, the weight of a Dollar Coin and quarter are different, at it's heaviest, the Dollar coin weighed in at 22.6 G, at it's current (and lightest), it is at 8.1 G, vs the 5.67 G of a Quarter. The other worry is how mass production of coins will weigh on resources, it may be easy to produce now, but 10 years, 20 years, down the line we could see an increase price to produce these coins, which inevitably renders them costing the U.S. more to produce.

  • @n-s-a7113
    @n-s-a7113 3 года назад +1

    Me who found 286 dollars in pennys: 😐

  • @chistinelane
    @chistinelane 8 лет назад +2

    Why not change pennies a bit and make them the new nickel

    • @bluepineapples9947
      @bluepineapples9947 4 года назад

      chistine lane we already have a nickel probably deleted account

  • @johnroush4968
    @johnroush4968 7 лет назад +15

    This is offensive to my gender im a penny and they want to remove me

  • @johntracy72
    @johntracy72 6 лет назад +1

    I remember Bobby Lee from MAD TV.

  • @michaelanderson9792
    @michaelanderson9792 3 года назад

    Go metric dump the penny nickel and quarter keep dime 50 cents only no more dollar coin when you have the bill or dump all coins print dime notes quarter notes and 50 cents notes

  • @michael2244
    @michael2244 6 лет назад

    There should only be dimes, quarters and half dollars

  • @Chippy3
    @Chippy3 7 лет назад +2

    Make the penny with a hole in. Other countries have coins with holes in them. It might not displace the whole cost. But help some

    • @Chippy3
      @Chippy3 7 лет назад

      heedtheninja67 your alternate facts

    • @peacemonger2070
      @peacemonger2070 7 лет назад

      Get nthe penny made in China, bet they can make a profit from it.

  • @sogeqt9188
    @sogeqt9188 5 лет назад

    real quick lemme write down all this

  • @rhynosouris710
    @rhynosouris710 4 года назад +1

    Bring back the half-penny!

  • @dannyhahn2998
    @dannyhahn2998 5 лет назад

    Great vid

  • @dayonnasnipe76
    @dayonnasnipe76 7 лет назад +1

    my teacher is making me look up yhe penny

  • @OmegaOG3
    @OmegaOG3 5 лет назад +1

    NO PENNIES

  • @Kristiansolis15
    @Kristiansolis15 6 лет назад

    I already knew that Canada got rid of their pennies. Should America do the same thing as Canada?

  • @alexbonewicz5270
    @alexbonewicz5270 7 лет назад +3

    Because when they are nearly a 100-year-old they go up in value

  • @chrishammes3081
    @chrishammes3081 3 года назад +1

    why did school make me watch this

  • @furyfawn1987
    @furyfawn1987 6 лет назад +2

    So many bad things can come if penny's are not made any more like of penny's are no longer be available wouldn't that mean that the penny would be considered rare or even valuable like a article fack

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад +2

      Nope, Canada aus. New SEALAND- (Zealand) and finland all ditched the 1 cent, nothing happend

  • @lizzZ717
    @lizzZ717 5 лет назад

    TRACY GRANT

  • @christophersica2379
    @christophersica2379 4 года назад +1

    Keep the penny if they dont it will be another way to cheat you out your money

  • @quaddoux4740
    @quaddoux4740 7 лет назад +1

    i also want to get rid of them

  • @ZachEdick
    @ZachEdick 3 года назад

    I was inspired by penny segments like this and made a documentary on the subject. You can stream "Heads-Up: Will We Stop Making Cents?" on Amazon Prime Video: www.amazon.com/dp/B08D6BSVCR

  • @alexbonewicz5270
    @alexbonewicz5270 7 лет назад

    they are good coin because when they are5 0

  • @furyfawn1987
    @furyfawn1987 6 лет назад +1

    And there for people would get out of there way to steel the penny and for we know people may make a black market around the penny

  • @furyfawn1987
    @furyfawn1987 6 лет назад +1

    But think what you want and belive all off this is my opinion

  • @solracv8528
    @solracv8528 7 лет назад +3

    Penny rules

    • @interstellary8473
      @interstellary8473 6 лет назад +3

      NO THANKS

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад

      They don't
      The 100 dollar does dummy

    • @terrypresnell7874
      @terrypresnell7874 5 лет назад

      @@bottleofdough7062 there will be a day when the hundred dollar bill won't be worth wiping your ass with😀 it is a piece of damn paper give me gold and silver or land something with real value anyday over paper

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад

      @@terrypresnell7874 dont worry that reply was a joke. And i mean "Im kidding" type of joke.

  • @furyfawn1987
    @furyfawn1987 6 лет назад +2

    It's in all the kids school books so your just going to throw away millions of dollars and just throw away all the old blocks and make new ones that's going to waste so much useful time and mony and that's just a bit of what I got to say about this so save the peny

  • @furyfawn1987
    @furyfawn1987 6 лет назад +2

    And by the way I am only ten

    • @sharonsobolewski3707
      @sharonsobolewski3707 2 года назад

      I LOVE IT AND YOU MUST BE SMART I LOVE IT AND IF YOU WANT TO BE ON THE SIDE OF THE PENNY LOOK UP COUCH COLLECTIBLES HES A COIN PERSON TELL HIM YOUR VIEWS I LIKE YOUR THINKING THE PENNY HAS A PURPOSE IM SURE AND ITS NOT ALWAYS OBVIOUS TO THE GENERAL MAINSTREAM OF SOCIETY KEEP BEING YOU I LOVE THE PENNY TOO

  • @furyfawn1987
    @furyfawn1987 6 лет назад +3

    KEEP THE DAME PENNY 😡😤

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад

      No! Its worth a fucking cent! I have a damn STOOPID 1 cent euro! And no one can buy anything with it! I love the 5 euro cent of Montenegro!also watch Cgp greys video called "death to pennies" and "canada gets rid of the penny! (Huzzah!)" P.s i am 9 :DDD

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад

      Just sayin

    • @n-s-a7113
      @n-s-a7113 3 года назад

      @@bottleofdough7062 LMAO U MAD?

  • @Molybed1
    @Molybed1 2 года назад

    INFLATION

  • @michaelanderson9792
    @michaelanderson9792 3 года назад

    Dump the penny talk has been around since I was in grade school I am 61 today

  • @hammythesyrianhamster7300
    @hammythesyrianhamster7300 5 лет назад

    maybe move it to 2¢ or possibly ¢3

    • @sertusdionyol
      @sertusdionyol 5 лет назад

      Thats a dumb idea cuz the nickel still exist and penny couldn't make a nickel or higher currency better

  • @hyperdusstuff5874
    @hyperdusstuff5874 5 лет назад

    F penny jk lol

  • @startinglotus
    @startinglotus 3 года назад

    *_if they give away useless penny the charities cant use the useless penny's_*

  • @sillysia1
    @sillysia1 5 лет назад

    You think I have a penny in my pocket right now??? You think I am trash???

  • @USA50_
    @USA50_ Год назад

    Take it back to banks for some other coinage or paper money 🤑💰🇺🇲🕊️🦬🦅

  • @furyfawn1987
    @furyfawn1987 6 лет назад

    Just make the penny out of a more natural object

    • @bottleofdough7062
      @bottleofdough7062 5 лет назад

      Again cant do that sadly, sorry penny but time to go

  • @draplerbanks7336
    @draplerbanks7336 5 лет назад +1

    That will be $7.04 ok hands $7.05 I need c1 srry one left over dumbo
    Now what

  • @furyfawn1987
    @furyfawn1987 6 лет назад

    😳😡😠😤😐

  • @TheRealKingie
    @TheRealKingie 3 года назад +1

    Poop

  • @thepiggygamer4288
    @thepiggygamer4288 6 лет назад

    reasons to keep it none reasons to destroy it alot

  • @RainingMetal
    @RainingMetal 7 лет назад

    Anyone who thinks the penny should stay deserves to be in an asylum.

  • @furyfawn1987
    @furyfawn1987 6 лет назад

    JUST MAKE THE Penny out of somthing less expensive or the government also could make the penny two cents in Stedman of one cent

  • @USA50_
    @USA50_ Год назад

    Mail them back to the Federal Mint!
    🇺🇲😎💪❤️✉️📩📪📮