MINNEAPOLIS (WCCO) — It still costs more to make a penny than the penny is actually worth.
A spokesman for the U.S. Mint says it cost 1.5 cents to make a penny in 2016. That’s the first time costs have been up since 2011.
The mint says there’s no metal alternative to cut the cost below face value.
The story is the same for a nickel, which actually costs 8 cents to produce.
On the other hand, each dime costs just under 4 cents to produce.