How much does it currently cost the U.S. Mint to produce a penny?

How much does it currently cost the U.S. Mint to produce a penny? – 2.1 cents is the answer of How much does it currently cost the U.S. Mint to produce a penny? because The penny is basically worthless. Actually, it’s worse than worthless. It costs the U.S. goverment 2.1 cents to produce every penny during the fiscal year 2021. The 2.1 cent production cost represents an increase from the 2016 production cost of 1.5 cents. Higher prices for copper and zinc accounted for much of the increases. Despite efforts to cut the costs of manufacturing the coin, it seems unlikely that the cost of making it will ever sink below one cent. The rising cost of producing pennies has prompted calls to discontinue the coin altogether. for which our team have given the answer with explanation after extensive research so that you won’t have trouble finding the answer.

How much does it currently cost the U.S. Mint to produce a penny?

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The explanation to this question is The penny is basically worthless. Actually, it’s worse than worthless. It costs the U.S. goverment 2.1 cents to produce every penny during the fiscal year 2021. The 2.1 cent production cost represents an increase from the 2016 production cost of 1.5 cents. Higher prices for copper and zinc accounted for much of the increases. Despite efforts to cut the costs of manufacturing the coin, it seems unlikely that the cost of making it will ever sink below one cent. The rising cost of producing pennies has prompted calls to discontinue the coin altogether.

Answer of “How much does it currently cost the U.S. Mint to produce a penny?” is

2.1 cents

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How much does it currently cost the U.S. Mint to produce a penny?

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The correct answer is 2.1 cents.

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