The American penny isn’t going anywhere anytime soon. The US Treasury Department announced Thursday that it plans to start winding down production of the one-cent coin it has been minting for ...

The Treasury Department placed its final order of penny blanks this month, a spokesperson said. The US Mint estimates $56 million in annual savings, with the potential for more in the future.

The cost of producing a penny has skyrocketed in recent years, reaching 3.69 cents, according to the Treasury Department. By Alan Rappeport and Karoun Demirjian The Treasury Department is winding ...

Grab your coin purse: The U.S. may be on the verge of ditching its penny. The U.S. Treasury is reportedly gearing up to stop putting new one-cent coins into circulation by early next year ...

The penny’s run is coming to an end. First minted in 1792, it has been in circulation constantly. It wll be sunseted next year. Afterward, things that cost a penny must “round up” or ...

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government. The federal agency placed its final order for penny ...

A penny saved was a penny earned. A penny bought your thoughts. A penny was pretty. A penny was pinched. A penny might even be hiding in your loafer. There won’t be as much of that anymore.

As per Kaiser Corporation MOU details in the press release on the exchanges, Kaiser Corporation said that is pleased to announce that its subsidiary, Xicon International Limited, has entered into ...

The US Mint is ceasing penny production due to rising costs, a move expected to save the government $56 million annually. President Trump initiated the directive, highlighting the coin's ...

The U.S. government is phasing out production of the penny, which has been in circulation for centuries, in a cost-cutting move that is projected to save $56 million each year. The Treasury made ...