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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.
A. The reason pennies use zinc now and not just copper is that it's cheaper. Copper has become expensive. Because zinc is cheaper, most of the penny is zinc, but the outside is copper so it looks the same (I guess). It still costs more than one cent to make a penny though.