How much money spent on pennies each year?

Answer 1

The cost of producing pennies in the United States often exceeds their face value, leading to debates about their continued production. As of recent estimates, the U.S. Mint spends about 1.5 cents to produce a single penny, resulting in a loss of millions of dollars annually. Overall, the total expenditure on pennies each year can be in the range of tens of millions to over a hundred million dollars, factoring in production costs and distribution.