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In its 2024 annual report, the U.S. Mint said that producing each penny cost 3.69 cents last year. Notably, the cost of minting nickels also exceeded the coin’s face value, at 13.78 cents each.

In its 2024 annual report, the U.S. Mint said that producing each penny cost 3.69 cents last year. Notably, the cost of minting nickels also exceeded the coin’s face value, at 13.78 cents each.