An immediate annual saving of $56 million in reduced material costs is expected by stopping penny production, according to a ...

The Trump administration says making cents doesn't make sense anymore. The U.S. Mint has made its final order of penny blanks ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year.

Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel.

The U.S. Treasury Department confirmed Thursday it will phase out production of the penny, fulfilling Trump’s directive to ...

"The United States Mint will continue to manufacture pennies while an inventory of penny blanks exists," the spokesperson said. The agency did not specify how long the inventory was expected to ...

The U.S. Mint Thursday said it has ordered the last batch of pennies after President Trump ordered the elimination of the little-loved one-cent coin. With the cost of producing a single penny ...