It’s not just the penny that costs more to mint than it’s worth. A nickel, despite holding a value of five cents, costs a whopping 13.78 cents to make, the Mint report said.

A nickel for their thoughts: What the end of the penny means for RI small businesses Bella DeCrescenzo, Providence Journal Fri, Jun 20, 2025, 5:03 AM 3 min read ...

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As the end of penny production nears, owners of Rhode Island small businesses are unsure how to maneuver rounding prices and transaction totals.

In a February post on Truth Social, Trump cited the cost of producing the penny, which the U.S. Mint reported is more than 3 cents, as the reason for the discontinuation.

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