I begin by acknowledging the Traditional Custodians of the land on which we gather today - the Ngunnawal people, and pay my respects to their Elders ...

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 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 ...

The US Mint says ceasing production will lead to an immediate annual saving of $56m (£42m). One cent coins will stop being produced in the US next year, the Treasury Department has confirmed.

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

PRESIDENT TRUMP SAYS HE HAS DIRECTED THE TREASURY DEPARTMENT TO STOP MINTING NEW PENNIES. THE PRESIDENT CITED THE RISING COST OF PRODUCING THE ONE-CENT COIN. THE U-S MINT SAYS IT LOST MORE THAN 85 ...

The U.S. 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. The news of the decision was ...