U.S. Coin Production Unit Cost 2010
|Cost of Goods Sold||$0.0176||$0.0916||$0.0454||$0.0956||$ –||$0.1659|
|Sales, General & Administrative||$ –||$ –||$0.0110||$0.0302||$ –||$0.1469|
|Distribution to FRB||$0.0003||$0.0006||$0.0005||$0.0020||$ –||$0.0029|
|Total Unit Cost||$0.0179||$0.0922||$0.0569||$0.1278||$ –||$0.3157|
Looking at the above table, it costs 1.79 cents to make a 1 cent coin. Why does the U.S. Mint still make pennies?
Good question. That is why there are many people, organizations, and professionals that feel the penny will be discontinued in the near future making copper pennies a sound investment choice. The coin unit production cost clearly continues to rise without much gain to offset this added expense.
In fact, there are many countries that have eliminated their lowest denomination coins altogether. See a compiled list with sources on the Coin Elimination by Country page.