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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 penny is not what you think. Indeed, from 1783 to 1837, a cent was pure copper. But newer pennies are made mostly of zinc. Here's the history, according to the U.S. Mint: 1  From 1837 to 1857, the cent was made of bronze (95 percent copper, and five percent tin and zinc). 2  From 1857, the cent was 88 percent copper and 12 percent nickel, giving the coin a whitish appearance.