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Monday, December 15, 2014, 10:22 AM. Pennies are worth so much more than just a cent. It costs the U.S. Mint 1.7 cents to produce a penny, which is nearly half the price from three years ago, according to the U.S. Mint's 2014 Biennial Report to the Congress. It would cost 2.4 cents to make a single penny in 2011.
First U.S. penny sold for $1.2 million. The first U.S. penny sold for nearly $1.2 million Thursday night at an auction in Baltimore. The first U.S. penny is 223 years old, and is also worth a lot more than one cent. It sold for nearly $1.2 million Thursday night at an auction in Baltimore. The coin, known as the Birch Cent, was made in 1792, months after the one-cent denomination was first authorized by Congress, according to the auction house Stack's Bowers Galleries. It was made in a trial run for the penny, and depicts Lady Liberty.