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 ...

Two rare one-cent coins from the earliest days of the U.S. Mint have sold for a pretty penny. Two 1-cent coins from early U.S. sell for combined $869,500 at O.C. auction - Los Angeles Times ...

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, ...

Bellevue Rare Coins Buys One-Cent Coin for $20,000. Jun 25, 2013, 10:36 AM | Updated: 11:04 am. Share . Back in the 1790s, the United States was quite a different place. George Washington ...

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: ...

Two rare American one-cent coins dating back to 1792 are expected to sell for nearly $1 million at a public auction in Southern California starting Wednesday.

Stack's Bowers Galleries says one of the first 1-cent pieces made in the country went to a rare-coin dealer Thursday night for $1.175 million in Baltimore. The coin is known as the 1792 Birch cent.

The agency said it costs 3.7 cents to make a one-cent coin. To see just how devalued the penny is these days, WBZ-TV conducted an experiment.

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.

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 ...