The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump ...

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for ...

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out its penny in 2012. In the U.S., the Department of Defense stopped using ...

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

That can lead to coins like the 1943 Lincoln bronze cent, which was made out of bronze in error. It should have been made out of zinc-coated steel, with the Mint having stopped using bronze which was ...

The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's ...

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

Once the penny is officially discontinued, certain rare specimens could see a spike in market value. Currently, some examples ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year.

There are one-cent coins that can be worth far more than a pretty penny, tens of thousands of dollars in fact. Find out how to know if you have one.

There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from ...

Since 1909, the profile of President Abraham Lincoln has adorned the obverse side of the coin that is made of zinc and copper. Trump has described spending on penny minting as 'wasteful' ...