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

The U.S. Mint and Treasury Department have confirmed that the penny is on its last legs as the former recently made its final ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out ...

The government produced about 3.2 billion pennies in 2024, according to U.S. Mint's annual report. The year before that, the Treasury Department circulated 4.1 billion pennies. Generally ...