Pennies cost government more to make than they're worth

WASHINGTON (CNN) The penny was once again a money-loser for the U.S. Government this year.

The Wall Street Journal reports it cost one-and-a-half cents to produce each one-cent coin in fiscal year 2016.

It was about the same cost as last year.

But it's the first time costs have risen since 2011.

Minting about nine million pennies this year, the government lost $45 million on the penny in 2016.

The government and U.S. Mint have been seeking ways to lower production costs on the copper-coated zinc coin, but so far no solutions have been found.

The nickel is also a money loser.

The government traditionally makes money off producing the quarter and dime.