A Penny Costs 1.7 Cents to Produce

newyorker.com — Since zinc has soared in value, producing a penny now costs about 1.7 cents. Since the Mint currently manufactures more than seven billion pennies a year and “sells” them to the Federal Reserve at their face value, the Treasury incurs an annual penny deficit of about fifty million dollars—referred to as “negative seigniorage." Mar 31, 2008 View in Crawl 4