Here’s a rundown of U.S. Mint production costs from the government’s latest fiscal year. Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute.

The US Treasury Department says it will phase out production of new pennies early next year. It said that the cost of making pennies had increased markedly, by upward of 20 percent in 2024.

The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's early days, according to reports.The US Treasury made its final order of penny blanks and will stop distributing