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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.
With the exception of 2009 bicentennial cents minted specifically for collectors, United States cents minted after 1982 have been copper-plated zinc. In Fiscal Year 2013, the average one-cent piece minted cost the U.S. Mint 1.83 cents, down from 2.41 cents apiece in FY 2011.