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 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 ...

A spokesperson for the Treasury Department confirmed to USA TODAY that the government recently made its final order of penny ...

The Treasury Department has pledged to stop producing the penny by early next year. Here's why — and what becomes of your one-cent coins.

The Treasury reportedly lost over $85 million producing the one-cent coin last year. It has now placed its final order of penny blanks.

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 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 ...