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.

Rod Stewart's wife, Penny Lancaster, has been celebrating the legendary rocker's incredible achievement, telling her fans how ...

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

Many of those expenses have been on the rise — and the penny isn't the only coin entering our wallets today that costs more to make than it's worth (enter the nickel debate). Here's a rundown of ...

The humble penny, once a pocket staple, has long since lost its shine in American commerce, but it retains devoted fans who see value beyond its monetary worth. In North Carolina's Copper Penny ...

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 ...