The U.S. Mint projects to save $56 million by reducing material costs. Making a penny cost 20% more in fiscal year 2024 than ...

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

The US Treasury will stop putting new pennies into circulation at the beginning of 2026, it was announced on Thursday Pennies ...

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the ...

The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...

Penny pinching will have a whole new meaning next year as the United States Mint declares they will stop production of the ...

There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year ...

After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

The Treasury Department confirmed Thursday that the U.S. Mint will no longer be ordering blank pennies. It will continue to ...

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).