As the penny's final days approach, the nation prepares for a future where the smallest coin denomination becomes a relic of the past, paving the way for a more efficient monetary system.

Local coin shops are preparing for the end of an era as pennies will no longer be produced.The Treasury Department ordered its last batch of blanks this month u ...

Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, it's the same for nickels.) ...

The US 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.

WASHINGTON — The Trump administration says making cents doesn't make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out ...

Here's how much the US spends on minting its coins and cash Here's a rundown of U.S. Mint production costs from the government's latest fiscal year.

Cost of the nickel Each nickel costs nearly 14 cents ($0.1378) to make and distribute. That price tag is nearly triple the five-cent coin’s buying power today.

The Treasury Department said it made its last order of blank pennies. It currently costs 3.7 cents to make the 1-cent coin.