The government loses nearly three cents on every penny it mints. On a nickel, it loses nearly nine cents. More nickels would mean steeper losses. America could kill both the penny and the nickel, the ...

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This article originally appeared on Florida Times-Union: The penny is going away. Publix, Coinstar or your bank are options ...

The U.S. Treasury Department announced that it will begin winding down production of the penny, ending more than 230 years of minting the 1-cent coin.

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.

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

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A spokesperson for the Post Office told Saga Money: “We do still accept ‘old’ pound coins over the counter – but they have to be in good condition. And people can deposit them into their bank account.

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