Ceasing production will deliver an immediate annual saving of $56m (£42m) in reduced material costs, according to the US Mint ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.

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

Pennies could rise in value after United States Mint, a department of the United States Treasury, announced plans to stop ...

The US Treasury Department says it will phase out production of new pennies early next year. It said that the cost of making ...

The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

The US Mint will stop producing pennies due to high costs, following a directive from Donald Trump. The move is expected to ...

The cost of producing a single penny has already skyrocketed to about 4 cents, while consumers have mostly shifted to digital ...

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

The American penny has been in circulation since 1792. It will be discontinued because it is too expensive to make.

Are your old pennies worth millions? Experts say you shouldn't bank on it. But some wheat pennies could be worth hundreds of dollars; here's how to check yours.