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im not really sure how they are made, but i am pretty sure it costs 3 cents to make them.
U.S. cents (pennies) are made pretty much the same way most coins are made. The Mint has contracts with metals companies to make huge rolls of metal in the thickness needed for each denomination. Different metals are used depending on the coin being made. For example, nickels are made of an alloy of copper and nickel, while dollars are made of brass outer layers bonded to a copper core.
For pennies, the mint starts with rolls of zinc. (Cents haven't been made of copper since mid 1982.) The rolls are unwound through a special machine that punches out penny-sized blank disks called "planchets", sort of like the way cookies are punched out of rolled dough. The blanks are fed into high-speed presses that strike the front and back images of a penny on each one.
Where pennies differ from other denominations is that the zinc cents are next fed into large vats filled with a copper-plating solution where the outer copper coating is electrolytically applied, giving the coins their familiar copper color.
The price of minting a penny changes along with the cost of zinc, and in early 2009 that cost is running about 1.7 to 1.9 cents each. Yes, it does mean that the government loses nearly a penny on each coin made but at this point there's no practical alternative. A number of proposals have been floated, but all have problems and there doesn't look as if the Mint will do much of anything soon:
1. simply eliminating the coin altogether (inflationary and disruptive, given how many states have sales taxes)
2. making them out of steel instead of zinc (would force a lot of coin machines to be modified because steel is magnetic)
3. creating a 2¢ coin to reduce the demand for pennies (would require modifying coin machines and cash registers)
What else can I help you with?
How much does pennies cost?
If I understand the question. It cost 2.5 cents to make a penny.
How much is a roll of pennies cost?
Fifty cents.
How much pennies does it take to make ten dollars?
1000 pennies
How much is pennys does it take to make 100 dollars?
It takes 100 pennies to make one dollar; so 100 X 100 = 10,000 pennies to make 100 dollars.
How many ways are there to make 8 cents?
you can use 8 pennies,or one nickel and three pennies. Thats pretty much all i know.
How much does it cost for a US nickel to be made?
As of 2-17-12 it cost 11.2 cents to make a Nickel. Pennies cost 2.4 cents to make.
When was silver in pennies?
The US has never made silver pennies. It would cost way to much to make silver pennies because of the value of silver. Many people think that in 1943 pennies were made out of silver however they are actually made out of zinc and steel.
Where pennies ever made of silver?
No. It would cost way to much to make silver pennies because of the value of silver. Many people think that in 1943 pennies were made out of silver however they are actually made out of zinc and steel.
How much does pennies cost?
If I understand the question. It cost 2.5 cents to make a penny.
How long were silver pennies in circulation?
The US has never made silver pennies. It would cost way to much to make silver pennies because of the value of silver. Many people think that in 1943 pennies were made out of silver however they are actually made out of zinc and steel. So actually they have never been in circulation.
How much does it cost to make 100 pennies?
1 dollar and 67 cents
How much money did Carrie Underwood make in 2007?
she made pennies
How much did a fountain pen cost in 1890?
It cost about three pennies.
What is the value of a 1931 silver penny?
The US never made silver pennies. It would cost too much for the mint to make them. Your coin is plated silver this adds no value to the coin.
Why do pennies not have as much copper as they did in 1982?
The price of the copper to make the coin cost more than 1 cent.
How much dos a tiger cost?
69 pennies
How much is a roll of pennies cost?
Fifty cents.
