News

The penny costs nearly 4 cents to make. Here's how much the U.S. spends on minting its other coins
Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more.
With the penny going away, what should you do with the ones in your coin jar?
Are your old pennies worth millions? Experts say you shouldn't bank on it. However, some wheat pennies could be worth ...
Goodbye to the Penny! Treasury Department announces plan to phase out the coin
The U.S. Mint made its final order of penny blanks and said it plans to halt the production of pennies once those run out, ...
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Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say
The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's ...
It's 'common cents’: Treasury Department set to halt penny production
President Donald Trump has also pushed the Treasury Department to stop minting new pennies. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so ...
US to become penniless with phasing out of one-cent coin
The Trump administration will begin taking the penny, one of the US’s oldest coins, out of circulation after more than 230 years in existence. The US Treasury on Thursday confirmed the decision to ...
US Treasury Unveils Plan to End Production of Penny Coin
(Reuters) -The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...