The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official ...

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

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

The U.S. government is no longer going to mint pennies, and soon cash retail transactions will be rounded to the nearest ...

The federal government made its final order of penny blanks this month − the first step to end the production of the 1-cent ...

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 ...

The U.S. government has ordered its final batch of penny blanks and will stop producing the coin when those blanks run out.

But older pennies are worth their weight in copper. Pennies made before 1982 are worth about 3 cents a piece. Although you ...

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 ...

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's ...

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