Friday is National Lucky Penny Day, but the future for the penny is not looking so lucky. The U.S. Treasury confirmed ...

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the ...

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using ...

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department.

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

The Treasury Department said Thursday it’s planning to end production of the penny in an effort to phase out one of the ...

Do you own an old penny worth as much as a million dollars? Experts say it's highly unlikely. You may have seen one of many headlines blasted online lately about valuable pennies in circulation ...

It costs more than 3 cents to make a 1-cent coin, and now the United States Treasury is finally doing something about it.