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

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

The U.S. Treasury announced that, by early next year, it will cease making new pennies, which cost almost four times to make what they are actually worth. But Faith Salie says that, while phasing out ...

Trump actually undersold the argument. According to the U.S. Mint's 2024 Annual Report, it actually costs closer to 4 cents ...

As it turns out, nixing the penny creates new problems. If America rids itself of pennies, the Times reported, the nation will soon find itself flooded with nickels. The government loses nearly three ...

He is not alone in forecasting a future for the penny, the nickel, and their more profitable kin. “We’ve been much slower than parts of Europe and Asia to adopt mobile payments and ...