News

The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins
Here’s a rundown of U.S. Mint production costs from the government’s latest fiscal year. Each penny costs nearly 4 cents — or ...
Change is coming for the penny as Treasury Department makes final order of the coin
The agency did not specify how long the inventory was expected to last, so it's unclear exactly when pennies will no longer ...
The penny will be phased out by 2026—Here's what it means for Americans
The department says it has placed its final order for penny blanks, and production will end when they run out, which will ...
With the penny going away, what should you do with the ones in your coin jar?
“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for ...
Penny collectors out of luck: One cent coin unlikely to go up in value after U.S. Mint stops production
But older pennies are worth their weight in copper. Pennies made before 1982 are worth about 3 cents a piece. Although you ...
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US Mint moves forward with plans to kill the penny
WASHINGTON -- The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, ...
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Are your old pennies worth millions? Experts say you shouldn't bank on it
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 ...