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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.
Production costs for the four main U.S. coins went down in fiscal year 2014, but the penny is still costing American taxpayers more to make than itâs actually worth, according to the U.S. Treasuryâs December report to Congress. Producing one dollar in pennies costs the U.S. Treasury $1.66. Manufacturing a nickel also costs more than its face value, at $1.62 for every dollar of nickels funneled into the economy. As of 2013, the Treasury was incurring an annual deficit of about $105 million dollars on penny and nickel production.