The cost of producing the penny has risen from 1.3 cents per coin to 3.69 cents over the past 10 years, according to the Treasury. It said stopping production will lead to immediate annual savings ...

The Treasury Department said Thursday it’s planning to end production of the penny in an effort to phase out one of the country’s oldest currencies. The U.S. Mint has made its final order of ...

WASHINGTON — The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

The US Treasury is stopping penny production, citing high costs. Learn how this change impacts cash transactions and taxpayers. The Treasury estimates the move will immediately save taxpayers $56 ...

WASHINGTON — The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

WASHINGTON — The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

WASHINGTON — The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

WASHINGTON — The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

The U.S. Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.The news of the decision was first ...

The US Treasury is stopping penny production, citing high costs. Learn how this change impacts cash transactions and taxpayers. The Treasury estimates the move will immediately save taxpayers $56 ...