A recent report shows we value our pennies more than the value of a penny! It’s true that production costs for the four main U.S. coins went down last year but the penny is still costing taxpayers more to make than it’s actually worth.

Producing one dollar in pennies costs the U.S. Treasury $1.66. Manufacturing a nickel also costs more than its face value, at $1.62 for every dollar of nickels funneled into the economy.

Adversely, quarter and dimes, still cost considerably less to produce than their face value. A dollar worth of quarters cost 36 cents to produce and dimes cost slightly more, at 40 cents for a dollar's worth.

So do you think we should do away with pennies?

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