https://www.siliconvalley.com/2025/02/14/heres-a-look-at-the-history-of-the-penny-and-why-it-could-be-going-away/ > Presidents Day is Monday, February 17,  and since many presidents are on our coins and President Donald Trump is proposing to get rid of pennies, here’s a look a coin history. > The cost of producing coins varies significantly depending on the denomination and the materials used. In the U.S., it costs more than the face value to circulate certain coins like the penny and nickel. According to a 2024-dated report from the United States Mint, producing a single penny costs about 3.07 cents, while a nickel costs around 13.8 cents.