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Stop the Production of Costly/Useless Pennies!

If you would rather watch then read the information there are a couple of Youtube Videos that are very imfortmative on the topic: 

http://www.youtube.com/watch?v=y5UT04p5f7U 

http://www.youtube.com/watch?v=nU4E6SSy5Yg

http://youtu.be/77C47XYm_3c or http://www.youtube.com/watch?v=k4g7z1XaUNA 

 

You have probably heard through the grapevine by now that pennies are expensive to make and that we actually spend more producing them then they are actually worth and it is terrible that there is not more outrage about such a needless spending of tax dollar money. Not only that, they are polluting the world, zinc has a lot of byproducts that are harmful (but I will get more into that later on in this).

In 2010 'Penny and Nickel Coints were produced at a loss of $42.6 million' according to US Mint Annual report which can be found here http://www.usmint.gov/downloads/about/annual_report/2010AnnualReport.pdf

According to the report 1 Penny cost 1.7 Pennies to make last year with the changes they made to make it lighter, while the Nickel cost a overwhelmingly 9 cents to make.

However there is not much of a movement to try to get pennies out of our system even though other countries have seen the advantages of not having pennies (Australia, and New Zealand being two of them). So what is taking so long for American's to change? Well we hate change. 

The Legal Tender Modernization Act (which would force the rounding off of all cash transactions to the nearest 10 cents, making the penny and nickel coin useless for everyday transactions) can be found here for more information on the terms of that bill please visit http://thomas.loc.gov/cgi-bin/query/z?c107:H.R.2528:

The following is a video that I found enlightening on the subject as well if you are not yet convinced that we need to do away with pennies. A Vblogbrother youtube sensation... http://youtu.be/77C47XYm_3c or http://www.youtube.com/watch?v=k4g7z1XaUNA 

This petition is for pennies being out of production, when needed in cash transaction the transactions are rounded, and nothing changes for ditigal transfers. The bill is included in the petition letter if you have any more questions do not hesitate to ask. 

The penny according to the National Association of Convenience Stores has calculated that pennies cost people 2 to 3 seconds more per sale on average.

 

It is also hurtful to the enviroment "making pennies wastes natural resources and is toxic to people and the environmentPennies are 3 percent copper, and 97 percent zinc and are primarily made from virgin ore. Making pennies from zinc and copper means mining for those materials." One of the main contributors is Red Dog Mine, which is the largest zinc mine in the U.S and puts off a lot of pollution and is the top TRI producer in the United States (see first link for reference) because not only do they not follow regulations but they also put out "large quantities of heavy-metal and lead rich mining tailings. The process of refining both metals can release sulfur dioxide (SO2), lead and zinc into the environment" according to a conversation with Mike's Bikes (a company refusing to use pennies in the California area) to read more about that conversation it can be found at http://www.triplepundit.com/2011/06/pennies-make-sense-all/ and the facts about the current description of the mine by the EPA can be found here at http://www.epa.gov/region10/pdf/permits/npdes/ak/ak0038652-fs-1208.pdf or http://www.groundtruthtrekking.org/Issues/MetalsMining/RedDogMine.html or http://www.epa.gov/TRI/tridata/tri08/national_analysis/pdr/2008%20TRI%20Workbook%20Section%20C.pdf or http://www.resourceinvestor.com/News/2010/2/Pages/Black-cloud-over-worlds-largest-zinc-mine.aspx or http://northern.org/news/epa-rescinds-key-red-dog-mine-permit-limits

If you want to read more about countries that have alread done this the following website lists them, http://www.calgaryjournalonline.ca/news/34-news/1260-the-end-is-near-for-the-penny 

The major opposition to retiring the Penny is Americans for Common Cents, the pro-penny lobbying group funded by the zinc industry and penny distributors


Read more: http://www.time.com/time/magazine/article/0,9171,1211567,00.html#ixzz1UjGJ3

http://www.retirethepenny.org/ is a site with more information as well on taking the penny out of the system.

Thank you for your time!

This petition was delivered to:
  • Representative
    Robert Dold
  • House Committee on Financial Services
    Kenny Marchant
  • House Committee on Financial Services
    David Scott
  • House Committee on Financial Services
    Blaine Luetkemeyer
  • House Committee on Financial Services
    Randy Neugebauer
  • House Committee on Financial Services
    Thaddeus McCotter
  • House Committee on Financial Services
    Gregory Meeks
  • House Committee on Financial Services
    Brad Sherman
  • House Committee on Financial Services
    Ed Perlmutter
  • House Committee on Financial Services
    Nan Hayworth
  • House Committee on Financial Services
    Donald Manzulla
  • House Committee on Financial Services
    Kevin McCarthy
  • President of the United States
  • U.S. House of Representatives
  • Representative
    Michael Grimm
  • Representative
    Pete King
  • Representative
    Michael Capuano
  • House Committee on Financial Services
    Carolyn McCarthy
  • House Committee on Financial Services
    Bob Dold
  • House Committee on Financial Services
    Gary Peters
  • House Committee on Financial Services
    Sean Duffy
  • House Committee on Financial Services
    Bill Posey
  • House Committee on Financial Services
    Emanuel Cleaver
  • House Committee on Financial Services
    William Clay
  • House Committee on Financial Services
    Francisco Canseco
  • House Committee on Financial Services
    Andre Carson
  • House Committee on Financial Services
    John Campbell
  • House Committee on Financial Services
    Judy Biggert
  • Chairman of House Committee on Financial Services
    Spencer Bachus
  • House Committee on Financial Services
    Walter Jones
  • House Committee on Financial Services
    Joe Baca
  • House Committee on Financial Services
    Robert Hurt
  • House Committee on Financial Services
    Edward Royce
  • House Committee on Financial Services
    Ronald Paul
  • House Committee on Financial Services
    Ruben Hinojosa
  • House Committee on Financial Services
    Maxine Waters
  • House Committee on Financial Services
    Jeb Hensarling
  • House Committee on Financial Services
    Steven Pearce
  • House Committee on Financial Services
    Scott Garrett
  • House Committee on Financial Services
    Steve Stivers
  • House Committee on Financial Services
    Michael Fitzpatrick
  • House Committee on Financial Services
    Gary Miller


Nadine Clement started this petition with a single signature, and now has 640 supporters. Start a petition today to change something you care about.