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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.
The result is a copper looking coin. In some cases the sheet of metal is not plated with nickel and the coins produced from that sheet appear to be grey or silver. This is a common error that currently retails for between $1 and $10, depending on condition and type. This can occur in another fashion as well.