Brits are being urged to check their pockets and under cushions for this rare 1p coin that could fetch a whopping £200k.

The U.S. Treasury will soon cease penny production, a change sparked by the disparity between the coin’s production cost and monetary value. While pennies can still be used as currency, the halt has ...

But the U.S. won’t be the first country to discontinue the penny. New Zealand stopped producing its one-cent coins in 1990, followed by Australia in 1992 and Canada in 2012.

Australia ended production of its 1 and 2 cent coins in 1992, and Canada followed suit by phasing out its penny in 2012. New Zealand eliminated its 1 and 2 cent coins in 1990 and later ...

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.

Cost of the dime Each dime costs nearly 6 cents ($0.0576) to make and distribute. That represents more than half of the 10 cent coin's buying power. And the cost of producing and distributing the ...

At the same time, the penny’s “unit cost” has gone up in recent years. The nearly 4 cent price tag is up 20.2% from the Mint’s 2023 report, when a penny cost just over 3 cents.

Cost of the penny Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute. In total, America’s coin manufacturer said it shipped more than 3.17 ...

But one penny has been hard to come by: the 2025 penny. “Everybody found out that the production is stopped, so everybody ran into the banks and started buying them,” Raines said.

The penny was one of the first coins made by the U.S. Mint after its establishment in 1792. Originally Published: May 22, 2025 at 3:09 PM EDT ...