It costs 3.7 cents to make a penny. Elimination of the penny is not a new idea. President Ford’s Secretary of the Treasury William Simon urged Ford to lead the charge for cease making cents.

EACH PENNY COST A LITTLE LESS THAN FOUR CENTS TO PRODUCE. IT'S UNCLEAR WHETHER THE PRESIDENT HAS THE POWER TO STOP MAKING NEW PENNIES. CURRENCY SPECIFICATIONS They cost nearly 270% more to make ...

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 ...

But does making cents really make no sense? Here’s what to know. The penny was one of the first coins the U.S. Mint made shortly after its establishment in 1792. Once larger and made of pure ...

Kolbe argued he was most concerned that being penny-wise was becoming pound foolish since the cost of making a penny was starting to rise above 1 cent. “I was warning the cost of producing the ...