The Trump administration has announced plans to discontinue minting new pennies, citing the cost of producing the 1- cent coins in relation to their value and importance in the U.S. currency system.

The U.S. Treasury will soon cease penny production, a change sparked by the disparity between the coin’s production cost and ...

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at ...

The time of the penny is coming to a close. The U.S. Treasury Department placed its last order of blanks, flat metal discs ...

After 233 years in circulation, the U.S. government is finally phasing out the penny. According to a Treasury Department spokesperson, the U.S. Mint has made its last purchase of penny blanks and will ...

“Let’s rip the waste out of our great nation’s budget, even if it’s a penny at a time,” President Donald Trump said in February.. The cost of producing a single penny has surged over the past decade — ...

While most coins have a fixed nominal value, some pennies can be worth significantly more. With the US Treasury planning to cease penny production, interest in existing pieces may rise. You might have ...

While most coins have a fixed face value, some pennies can be worth more. With the US Treasury planning to stop minting pennies, interest in existing coins may rise. You might have a hidden treasure ...

The coin's legacy could be akin to the 1976 bicentennial quarter, Feigenbaum said. "Everybody, at the time, was hoarding them (and) you couldn't find bicentennial quarters in change.

The coin's legacy could be akin to the 1976 bicentennial quarter, Feigenbaum said. "Everybody, at the time, was hoarding them (and) you couldn't find bicentennial quarters in change.

Why the penny is going away. The reason is pretty simple: pennies are too expensive to make, and don’t hold value. It costs 3.69 cents to create a single penny (which is not remotely efficient). In ...