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.

THE U.S. GOVERNMENT IS PHASING THE PENNY OUT BY STOPPING PRODUCTION. WHILE THE $0.01 COIN WILL STILL CIRCULATE, IT WILL NO LONGER BE MANUFACTURED. IN TURN, BUSINESSES WILL LIKELY NEED TO ROUND ...

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that the Treasury Department will cease all penny production by early 2026.

And, like the penny, the nickel has also seen recent price jumps — with the latest 14 cent cost up 19.4% from the 2023 fiscal year, when its cost sat under 12 cents.

A nickel may be worth 5 cents but costs nearly 14 cents to make. With the penny possibly being eliminated, the Treasury wants a new, cheaper nickel.

Treasury seeks cheaper nickel production ahead of possible penny elimination The last U.S. Mint coin to be discontinued was the half cent coin in 1857, partly due to the rising cost of copper ...

Each penny cost U.S. taxpayers 3.7 cents to produce. Skip to Article. ... It costs nearly 14 cents to produce a nickel, 6 cents to produce a dime and 15 cents to produce a quarter.

A nickel is worth half as much as a dime but costs twice as much to mint. A penny, which used to cost less than 1 cent to make, now costs 3.7. In 2011, a quarter was cheaper to make than a nickel ...

And the nickel and dime, too!” McArdle commented that if she sees a penny on the street, “I don’t bother to lean down and pick it up.” “It’s not worth my time,” Goins agreed.