PHILADELPHIA (AP) — The U.S. Mint on Wednesday ended production of the penny, a change made to save money and because the 1-cent coin that could once buy a snack or a piece of candy had become ...

More than 200 years ago, the penny could buy you a candle, some candy, or even a biscuit. Today, the humble one-cent coin has mostly been relegated to the bottoms of drawers and handbags. Maybe you're ...

Each penny costs 3.69 cents to make, Treasury says US Mint to announce auction of final pennies Gold pennies also produced, source says Pennies remain legal tender and will stay in circulation Halting ...

Need a penny for your thoughts? You might want to start charging more. The U.S. government announced that it will soon halt production of the one-cent coin, citing ballooning manufacturing costs, as ...

President Trump wants to ditch the penny, a move that some experts say is long overdue. WSJ examines the question of whether it makes sense to get rid of the penny. Photo illustration: Hunter French ...

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 its ...

Change is coming to how we make change – the penny will soon be no more. In early 2024, President Donald Trump ordered the Treasury Department to stop minting pennies. Why? His reasoning echoes a ...

President Donald Trump has ordered the U.S. Treasury in May to stop minting pennies because their production cost exceeds their face value, but that doesn't mean you can't still use the U.S. currency.

The U.S. Treasury Department announced that it has stopped producing pennies, ending more than 230 years of minting the 1-cent coin. The penny will remain legal tender and will still be accepted at ...

Americans may have pennies worth hundreds of dollars hiding in their piggy banks. Depending on the year, mint and condition, a Lincoln Wheat penny can be valued anywhere from several hundred to even ...

Cara Tabachnick is a news editor at CBSNews.com. Cara began her career on the crime beat at Newsday. She has written for Marie Claire, The Washington Post and The Wall Street Journal. She reports on ...