It costs nearly four cents to make one penny. The nickel costs even more

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, each US penny costs 3.7 cents to produce and distribute as of 2024.

​ 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, each US penny costs 3.7 cents to produce and distribute as of 2024. Read More Breaking News, Latest News and Videos | CNN