The penny, long the most neglected coin in our change jars and couch cushions, is about to clock out for good. The U.S. Department of the Treasury recently confirmed it ...

President Trump orders halt to penny production as minting costs exceed face value. The move could save taxpayers millions ...

"The United States Mint will continue to manufacture pennies while an inventory of penny blanks exists," the spokesperson said. The agency did not specify how long the inventory was expected to last, ...

So-called "wheat pennies" get their name from the back of the coin having stalks of wheat encircling the "One Cent" text. They were produced from 1909 to 1958. After that, the wheat stalks were shorn ...

Paulina Gonzalez-Brito, chief executive officer of the San Francisco-based nonprofit Rise Economy, said the marginalized ...

The decision to halt penny production didn’t come as a surprise to those in the coin-collecting world. “I really thought we’d ...

The U.S. Treasury Department made its last order of penny blanks last month. These 1-cent coins cost 3.7 cents to mint.

A spokesperson for the Treasury Department confirmed to USA TODAY that the government recently made its final order of penny ...

The department projects an immediate taxpayer saving of $56 million from halting penny production. While the penny’s demise is driven by its high production cost, the financial implications for ...

The federal government made its final order of penny blanks in May − the first step to end the production of the 1-cent coin, ...

Got a piggy bank full of pennies? The small currency will soon be a thing of the past, but don't think you are sitting on a ...

After 233 years of production, the U.S. Treasury Department announced that the production of the penny will come to an end.