The Penny Costs Nearly 4 Cents to Make. Here’s How Much the US Spends on Minting Its Other Coins

The penny costs nearly 4 cents to make. Here's how much the US spends on minting its other coins

The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

When Will Pennies Be Officially Discontinued? Find out All the Details

Its days are numbered, as the penny will officially be a thing of the past when it is discontinued, in a move due to cost concerns.

Stop making cents: U.S. Mint moves forward with plans to kill penny

By stopping the penny's production, the Treasury expects an immediate annual savings of $56 million in reduced material costs, according to the official.

U.S. Mint places final order to end penny production following Trump's order

Pennies lay in a pile July 6, 2006 in Des Plaines, Illinois. (Photo Illustration by Tim Boyle/Getty Images) OAN Staff James Meyers9:20 AM – Friday, May 23, 2025 The U.S. Mint has officially placed its final order of penny blanks and will stop production altogether by early next year, which is the end for one of... The post U.S. Mint places final order to end penny production following Trump’s order appeared first on Daily Truth Report • DailyTru…

Saying goodbye to a pretty penny

WIZMnews.com So much for a penny for your thoughts…  The government yesterday announced they’re not going to make pennies anymore. Once their stock of penny blanks runs out, that’s it.   It’s a penny pinching move, but since it costs three cents to make a new penny, it makes sense. That’s S-E-N-S-E. It could save about $56 million per year.  The penny has had a good run since the US Mint began minting them more than 230 years ago.   Unfortunatel…

Death of the penny - US Mint set to make final coin after Trump decree

President Donald Trump says the small coin is "so wasteful" and should be abolished, with an estimated saving of $56m (£41m) a year.