The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...

It looks like the American penny’s days are numbered, bringing to fruition President Donald Trump’s stated plan to scrap the ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

The Trump administration plans to end production of the penny after the cost of making it ballooned and it became ...

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

The U.S. Mint’s annual report for 2024 found that a penny costs 3.69 cents to make. Its production resulted in a loss of $85 million for the Mint last year.

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.

The American penny will begin its slow fade into non-existence as the government plans stop making the U.S. currency next year.

The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is expected to save $56 million each year.

The federal government is winding down production of the penny coin following a bipartisan effort to nix the ...

In recent weeks, Republican and Democratic lawmakers introduced separate bills in the House of Representatives and the Senate calling for an end ... The Treasury's penny phase-out plan was first ...