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

Why Trump is going after the penny 02:06. President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...

The U.S. Treasury will soon cease penny production, a change sparked by the disparity between the coin’s production cost and ...

The time of the penny is coming to a close. The U.S. Treasury Department placed its last order of blanks, flat metal discs ...

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. “For far too long the United States has ...

The pennies sitting in your jar, piggy bank or on the counter can add up. However, those pennies will eventually be a thing ...

Are your old pennies worth millions? Experts say you shouldn't bank on it. However, some wheat pennies could be worth hundreds. How to find out.

The Trump administration plans to stop minting the one-cent coins early next year. Here are the potential consequences that ...

Though pennies often collect in the bottoms of purses, wallets and cupholders for most people, President Donald Trump’s ...

President Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing ...