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penny, Treasury Department

The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

The impending “death” of the U.S. penny has spotlighted the coin’s own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

ABC News on MSN · 1d

Treasury Department to phase out the penny after Trump says the coin no longer makes 'cents'

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using pennies at its overseas bases in 1980 because it became too expensive to ship them.

USA TODAY on MSN · 1d

Change is coming for the penny as Treasury Department makes final order of the coin

The federal government made its final order of penny blanks this month — marking the first step to end the production of the one-cent coin, a spokesperson for the U.S. Department of the Treasury confirmed to USA TODAY.

penny, U.S. Mint

The Associated Press on MSN · 1d

Stop making cents: US Mint moves forward with plans to kill the penny

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin, a Treasury Department official confirmed

HuffPost · 1d

U.S. Mint Signals Death Knell For The Penny

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production,

Fast Company on MSN · 1d

The U.S. Treasury will stop minting pennies. Here’s how the math adds up

The Treasury reportedly lost over $85 million producing the one-cent coin last year. It has now placed its final order of penny blanks. The U.S. Treasury said on Thursday it is phasing out the penny and will soon stop putting new one-cent coins into circulation.

8hon MSN

See a penny, pick it up? In the future, probably not as often — and, some say, that matters

Holt points to traditions of putting pennies in loafers, of rhymes like “See a penny, pick it up, all the day you'll have ...

14h

What's next for the penny? The details on US decision to end penny production

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

1don MSN

An Ode to the Penny, Departing After 233 Years of Service

After more than 200 years, we bid farewell to our small-denominated currency that grew to become a symbol of thriftiness and ...

19h

With the penny going away, what should you do with the ones in your coin jar?

“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 ...

Modern Engineering Marvels on MSN4h

The End of the Penny Era How Fiscal Efficiency and Price Adjustments Will Shape the Future

This move by the U.S. Treasury, motivated by rising production expenses and a call for fiscal frugality, has opened up an ...

10h

Will famous penny sayings outlast the coin itself?

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U ...

16hon MSN

Bessent claims America can ‘retool’ nickel as Treasury pledges to end penny production

Treasury Secretary Scott Bessent claimed Friday that the United States can ‘retool’ the nickel following an announcement that ...

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