But by 2006, the cost of the coin's two components, zinc and copper, had overtaken the face value, and the penny's fate was sealed. This is "sad news," said Rick Hutzell in The Baltimore Banner.

It's the end of an era. The penny will soon be a thing of the past. The U.S. Treasury will soon stop minting the coin in early 2026. The decision comes amid rising production costs and declining ...

The U.S. penny discontinuation means that, in time, these coins that you grew up with will no longer be in circulation. For many Americans, the penny is more than just pocket change.

The U.S. Treasury confirmed Thursday that it will stop making shiny new penny coins after the current production run is complete. Freshly-made pennies sit in a bin at the U.S. Mint in Denver on ...

The cost of producing the penny has risen from 1.3 cents per coin to 3.69 cents over the past 10 years, according to the Treasury. It said stopping production will lead to immediate annual savings ...

The Treasury Department placed its last order for penny blanks earlier this month, fulfilling a bipartisan, and DOGE, dream.

The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

Penny production has fallen fairly steadily in the past decade, from over 9.36 billion coins made in 2015 to just over 3.22 billion last year. There are still about 114 billion pennies in ...

In fiscal year 2024, it took 3.7 cents to produce and distribute one penny, according to the 2024 U.S. Mint report. The 2024 cost was up by 20% from the previous year, according to the report.

"In 1970, we had a contest to name the store, and Lily Beth Wise was the winner, and that's how we came up with the name 'The Wise Penny,'" Johnson told 11 News. "Lily Beth was a lover of owls, so ...