The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

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

Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more.

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

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.

Everything is making less cents. 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 — marking the beginning of the end ...

"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 ...