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

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

“For far too long the United States has minted pennies which literally cost us ... plans for nickel production. It did estimate an immediate savings to taxpayers of $56 million from the halt of ...

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for ...