The Mint expects that it will realize an immediate annual savings of $56 million by phasing out production of the penny, according to t.

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

The Treasury Department has placed its last order for blank pennies and plans to stop minting the one-cent coins ... phase-out back in February. Canada, New Zealand and Australia have also ...

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

In February, President Trump said he had directed the Treasury to stop minting new pennies, citing the rising production costs. "For far too long the United States has minted pennies which ...

The U.S. Treasury said on Thursday it is phasing out the penny and will soon stop putting new one-cent coins into circulation. The U.S. Mint, which produces the coins, made its final order of ...

The federal government made its final order of penny blanks in May − the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal... No more pennies: In big change, Treasury will stop ...

Canada, New Zealand and Australia have ... There's a big change coming to some small change. The Treasury Department says it's soon planning to stop minting pennies. The copper-colored coins ...