How much does it cost to make a penny? A nickel? More than it is worth. The currency that is only worth 1 cent costs about 3.7 cents to produce in fiscal year 2024, according to the U.S. Mint's ...

After 233 years of production, the U.S. Treasury Department announced that the production of the penny will come to an end, and soon, the only ones available will be pennies currently in circulation.

The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.

The penny, which dates from the early days of the U.S. Mint after its establishment in 1792, costs roughly 3.7 cents to produce. Mark Weller, executive director of Americans for Common Cents, ...

After nearly two centuries, the U.S. government is ending the production of the penny. The U.S. penny discontinuation means that, in time, these coins that you grew up with will no longer be in ...

What’s really caught investors' attention is the sharp rise in promoter holding, a classic sign of insider confidence. From just 31.45% in September 2024, promoter stake surged to 53.8% in ...

You may have seen one of many headlines blasted online lately about valuable pennies in circulation, "Lincoln Wheat Penny Worth $124M You Could Have at Home" reads one, but the reality is most ...

But by 2006, the cost of the coin's two components, zinc and copper, had overtaken the face value, and the penny's fate was sealed. This is "sad news," said Rick Hutzell in The Baltimore Banner .

Minting one penny costs the United States nearly four cents. After 233 years, the Treasury Department has decided to phase out the coin. This will mean that businesses will have to round cash ...