one cent coins

one cent coins

Why We Should Stop Making the Penny

June 17th, 2011 by Logan Abbott

Each year, the U.S. Mint coins 1 billion to over 10 billion pennies. That's anywhere from $10 million to $100 million worth. The cost to manufacture a penny can be nearly 2 cents (depending on the price of copper and zinc). That means the US spends $15 million to produce $10 million worth of pennies.