President Donald Trump said he’s instructed the Secretary of the US Treasury to stop making new pennies, writing that they “literally cost us more than 2 cents.” He’s right — in fact ...

The nearly 4 cent price tag is up 20.2% from the Mint's 2023 report, when a penny cost just over 3 cents. Cost of the nickel Each nickel costs nearly 14 cents ($0.1378) to make and distribute.

According to the U.S. Mint, the production costs of American currency vary from a few cents to print small paper bills to about 15 cents to mint a quarter.

The government spends about 3.7 cents to make 1 penny. That's a loss of $85 million last year alone. And around half of us don't even carry cash anymore.

Over the past 10 years, penny production costs have skyrocketed from 1.3 cents per coin to 3.69 cents — jumping 20% in fiscal year 2024 alone, the Mint said.

In 2007, the stamp cost 41 cents. If the increases are approved, the stamps will be sold for 78 cents – a 90.24% increase in 18 years. The postal service’s current prices went into effect on ...

Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute. In total, America’s coin manufacturer said it shipped more than 3.17 billion pennies ...