The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump ...

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

The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump ...

By FATIMA HUSSEIN and ALAN SUDERMAN Associated PressWASHINGTON (AP) — The Trump administration says making cents doesn't make sense anymore.

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

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at ...

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

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

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 ...

President Trump orders halt to penny production as minting costs exceed face value. The move could save taxpayers millions ...

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