Against:
It could have value in the future, could be worth a fortune also a penny can be used for decades and is more cost-efficient to produce than a nickel. The existence of pennies helps raise a lot of money for charities.
For
Because of inflation(when prices of items increase rapidly)it would be useless to use the penny, pennies are made from zinc and copper, and zinc has a negative impact on the environment therefore we should eliminate pennies in order for us to live in a more healthier environment