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Penny Costs 3.07 Cents to Make in 2023

In its 2023 Annual Report, the United States Mint disclosed that the cost of manufacturing coins increased across all denominations, and for the eighteenth straight year, the unit cost for both pennies and nickels was above their face values. The U.S. Mint struck over 10.5 billion coins for circulation during the fiscal year, down from
Federal Reserve Federal Reserve Bank United States Mint Federal Reserve Banks Make Pennies Make Dimes

Penny Costs 3.07 Cents to Make in 2023

In its 2023 Annual Report, the United States Mint disclosed that the cost of manufacturing coins increased across all denominations, and for the eighteenth straight year, the unit cost for both pennies and nickels was above their face values. The U.S. Mint struck over 10.5 billion coins for circulation during the fiscal year, down from
Federal Reserve Federal Reserve Bank United States Mint Federal Reserve Banks Make Pennies Make Dimes

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