The penny. A coin most people don’t think twice about, one that often gets left in pockets, cupholders, and in between couch cushions. But the little copper coin has been part of American life for over a century. While many argue that it is time to eliminate pennies for good, I believe that doing so would overlook their value, both practical and symbolic. The penny still matters more than we give it credit for.

The penny may not buy much on its own anymore, but it still plays a meaningful role in everyday transactions. Without it, stores would be forced to round prices up or down, and I would not want to pay more just because of the inconvenience. Most likely, businesses would round up instead of down. A few cents added here and there can increase costs for consumers over time. The penny also has a place in American history and culture. The coin features a depiction of Abraham Lincoln, one of the most important leaders in U.S. history. Eliminating the penny would mean losing a symbol that generations have grown up with. 

On the other hand, there has been a decrease in the use of cash and an increase in digital payment methods and cards. As well as the cost to produce the penny is more than the actual value of the coin. While these are reasonable causes for the discontinuation of the penny, I believe that a decrease in the rate of production would be a better option.

All of this shows that the penny is more than just a coin that is forgotten. It is part of how we spend money and remember our history. Which is exactly why keeping it matters. The penny may seem tiny and easily overlooked, but it plays a crucial role in our monetary system. It does a job that the nickel, dime, and quarter simply can’t.