But older pennies are worth their weight in copper. Pennies made before 1982 are worth about 3 cents a piece. Although you can sell them to a coin shop, you can’t melt them down.

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 ...

High coin production costs have prompted several other countries to phase out their lowest-denomination coins. Australia ended production of its 1 and 2 cent coins in 1992, and Canada followed ...

Here's a rundown of U.S. Mint production costs from the government's latest fiscal year. Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute.

The U.S. Mint Thursday said it has ordered the last batch of pennies after President Trump ordered the elimination of the little-loved one-cent coin.. With the cost of producing a single penny ...

You might think the end of penny production would make the coins rare and valuable, but not so fast, warned John Haas, owner ...

That's also more than half of the 25 cent coin's buying power today. The quarter's unit cost has increased by 26.2% since the Mint's 2023 report, when its price tag was closer to 12 cents.

This comes after the Trump administration announced in February that it would halt the production of the one-cent coins, a move that’s estimated to save the government $56 million.

That’s also more than half of the 25 cent coin’s buying power today. The quarter’s unit cost has increased by 26.2% since the Mint’s 2023 report, when its price tag was closer to 12 cents.

This comes after the Trump administration announced in February it would halt the production of the one-cent coins, a move that’s estimated to save the government $56 million.

That represents nearly two-thirds of the 50 cent piece's buying power. And its price has increased by more than 30% since the 2023 fiscal year, when the coin's production cost was just under 26 cents.