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Never before in US history have coins been less valuable. In 1857, officials did away with the half-cent coin, which was worth the equivalent of about $0.14 in today's money.
Are your old pennies worth millions? Experts say you shouldn't bank on it. However, some wheat pennies could be worth ...
Nickels are produced at even more of a loss. In 2024, they cost 13.8 cents to make, according to the U.S. Mint report. Dimes, quarters and half-dollars still cost less than face value to produce ...
In the 1990s, Australia and New Zealand stopped 1- and 2-cent penny production. Then in 2006, New Zealand stopped producing its 5-cent coin as well, per Nasdaq.
That’s also more than half of the 25 cent coin’s buying power today. The quarter’s unit cost has increased by 26.2% since the Mint’s 2023 report, when its price tag was closer to 12 cents.
The penny will become the 12th U.S. currency denomination to be retired, joining the half-cent coin, the 2-cent coin, the 20-cent piece and the "trime" – a silver three-cent piece issued from ...