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Many modern vending machines do not accept cents, further diminishing their utility, and the production cost (figured in U.S. Dollars) now exceeds the stated value of the coin, triggered by increasing inflation. In 2001 and 2006, for example, United States Representative Jim Kolbe (R) of Arizona presented costs which would have stopped production of cents (in 2001, the Legal Tender Modernization Act, and in 2006, the Currency Overhaul for an Industrious Country [COIN] Act).

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cents and U.S. nickels for earnings, the U.S. Mint, which belongs of the US Department of the Treasury, executed brand-new regulations on December 14, 2006, which criminalize the melting of cents and nickels and location limitations on export of the coins. Violators can be penalized with a fine of approximately $10,000 USD and/or imprisoned for a maximum of 5 years.

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The Secretary of the Treasury has authority to modify the percentage of copper and zinc in the one-cent coin if required due to cost fluctuations. For years, the Mint's production and shipping costs for cents have gone beyond the face value of the coin (the Mint's repaired expenses and overhead, however, are taken in by other flowing coins).

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Treasury loses 10s of millions of dollars every year producing cents. For instance, the loss in 2013 was $55 million. Expense to make and disperse a penny, in cents Fiscal year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Cost (cents)1. 79 2. 41 2. 00 1. 70 1. 67 1. 50 1. 82 2.

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06 1. 99 When copper reached a record high in February 2011, the melt worth of a 95 %copper cent was more than 3 times its stated value. As of January 21, 2014, a pre-1982 cent consisted of 2. 203 cents' worth of copper and zinc, making it an appealing target for melting by people wanting to offer the metals for earnings.