Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more.

The federal government made its final order of penny blanks this month — the first step to end the production of the 1-cent coin, a spokesperson for the Treasury Department confirmed to USA TODAY.

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

The American penny has been in circulation since 1792. It will be discontinued because it is too expensive to make.

The U.S. Treasury Department confirmed Thursday it will phase out production of the penny, fulfilling Trump’s directive to ...

The American penny will begin its slow fade into non-existence as the government plans stop making the U.S. currency next year.

Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel.

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

The U.S. Treasury Department has taken a large step toward officially eliminating the one-cent coin, ordering its final batch ...

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 ...

“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 ...