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 ...

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

The federal government is winding down production of the penny coin following a bipartisan effort to nix 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 233 years of production, the U.S. Treasury Department announced that the production of the penny will come to an end.

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

The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.

We may no longer be pinching pennies in the future. The U.S. Treasury says it is moving to halt production of the coin after ...

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