The era of the penny is nearing its end: starting early next year, the Treasury Department announced that it will end the ...

Australia and New Zealand have too. The United States stopped minting its half-cent in 1857. Canada eliminated its 1-cent coin in 2013 because it cost more to produce than its face value.

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins ...

The Treasury Department has placed its last order for blank pennies and plans to stop minting the one-cent coins as soon as that's exhausted. Pennies will remain legal tender, which is fortunate since ...

Eliminating the penny is expected to save $56 million a year, according to the Treasury spokesperson. “There are about 114 ...

President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent ... Australia, the Netherlands, and others dropped their lowest-denomination coins.

A quarter-only coin economy saves money — pennies and nickels cost more to make than they do to spend. And it simplifies ...

President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent ... Australia, the Netherlands, and others dropped their lowest-denomination coins.