The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year.They aren’t the only expensive coin. Nickels cost about 13.8 cents to make in 2024, despite them being ...

The main argument for getting rid of pennies is about saving the U.S. some money. Every penny cost $0.0369 in 2024, up 20% from the year before, according to U.S. Mint’s annual report.

Now, it is a target of Trump's federal cost-slashing efforts. Start the day smarter. Get all the news you need in your inbox each morning. Here is what we know so far. A new penny-pinching tactic?