That’s also more than half of the 25 cent coin’s buying power today. The quarter’s unit cost has increased by 26.2% since the Mint’s 2023 report, when its price tag was closer to 12 cents.

According to the U.S. Treasury Department, the cost of producing a single penny has more than doubled in the past 10 years, from 1.3 cents to 3.69 cents in 2024.

Then there was the COINS Act in 2017, introduced by the late Sen. John McCain (R-AZ), which called for halting the production of pennies for a 10-year period and replacing the one-dollar bill with ...

Then there was the COINS Act in 2017, introduced by the late GOP Sen. John McCain, which called for halting the production of pennies for a 10-year period and replacing the $1 bill with a coin.

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...