Here are the production tables for 2010 circulating pennies:
Denver Mint: 229.92 million
Philadelphia Mint: 260.64 million
Total made: 490.56
Source: US mint
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According to the US mint, about 1023.60 million nickels were made in 2012. This is just over 1 billion.
It depends on the economy, they make as many as needed.
You could have: 8 nickels and 1 penny or 6 nickels and 11 pennies or 4 nickels and 21 pennies or 2 nickels and 31 pennies. The option of 0 nickels and 41 pennies is excluded by the necessity that the amount is made up of dimes, nickels and pennies; 0 nickels would mean the $1.21 was made up of dimes and pennies only.
There are 40 nickels in a roll of nickels.
340 nickels