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Chart of the Day: Does it Make Cents?

Gregory Thomas, Vice President, Portfolio Management Services Jan 8, 2026
Chart with images of pennies, nickels, dimes and quarters showing the face values and cost of making each coin.

Contents

Today’s Chart of the Day comes from Kelly Phillips Erb at Forbes and discusses the elimination of the penny in 2025.
 
It costs the U.S. Mint more to make pennies and nickels than they’re worth—3.69¢ for a penny and 13.78¢ for a nickel—while dimes and quarters remain profitable.
 
The impact of eliminating the penny will be minimal to consumers, with rounding adding about $6 million annually and reducing the power of the “99 cent trick.” However, with roughly 250 billion pennies still in circulation and remaining legal tender, it will take years for them to disappear completely.
Chart of the Day

About the Author

Gregory Thomas, Vice President, Portfolio Management Services
Gregory Thomas, Vice President, Portfolio Management Services

Gregory is an experienced financial manager specializing in investment holdings for individuals, trusts, IRAs, private foundations, and nonprofit organizations across Florida. A Mercy College graduate with a degree in government, he began his career in technology before transitioning to financial management in 2009.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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