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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.
In 2014, the Mint produced 8.15 billion one-cent coins. Thatâs 22,450 tons of pennies, which equates to 21,888 tons of zinc and 562 tons of copper. The same year, 651 tons of copper was used to make consumer products-- including appliances, ammunition, electronics, utensils and coins.