It costs 3.69 cents to make a penny, whose value is just one cent, according to the U.S. Mint’s fiscal 2024 report. Last year alone, the penny’s production resulted in a loss of $85 million ...

New Zealand eliminated its 1 and 2 cent coins in 1990 and later discontinued the 5 cent coin in 2006. While production costs are cited as the main reason for discontinuing the penny, ...

Farewell to the Penny: US Treasury Ends Production of One Cent Coin. After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

The penny was one of the first coins made by the U.S. Mint after its establishment in 1792. Originally Published: May 22, 2025 at 3:09 PM EDT. Share this: ...

Penny collectors out of luck: One-cent coin unlikely to go up in value after U.S. Mint stops production By Hannah Falcon (KY3) Published : May 22, 2025 at 5:26 PM CDT ...

The penny’s days are officially numbered. The U.S. Treasury Department has placed its final order for penny blanks—the metal discs that are eventually minted into one-cent coins—marking the ...

In 2024, the cost of making the penny increased 20%, according to a report from the U.S. Mint. The one-cent coin currently costs the government 3.69 cents to make. Halting penny production is ...

There are around 240 billion pennies in circulation in the U.S. currently, so the chances of any given penny being one of these valuable coins is around 1 in 8.8 billion.

The nearly 4 cent price tag is up 20.2% from the Mint's 2023 report, when a penny cost just over 3 cents. Cost of the nickel Each nickel costs nearly 14 cents ($0.1378) to make and distribute.