The U.S. Treasury Department halted production of the penny on Nov. 12, ending more than 230 years of minting the nation’s smallest denomination and signalling the copper-colored coin’s gradual exit ...

Fiscally, the mint didn’t have a logical choice. It was costing about 4 cents to mint a single penny, and that’s mostly due to production costs, not because the price of copper has soared. Since 1982, ...

WASHINGTON (AP) -- Given rising metal prices, the pennies and nickels in your pocket are worth more melted down than at their face value -- and that has the government worried. U.S. Mint officials ...

In Washington, a city known for multibillion-dollar budget deficits, some members of Congress and the Bush administration are near a meltdown over a much more modest figure: the old copper penny. The ...

We aren’t here to praise the penny, but rather, to bury it. The penny, and its counterparts, have been vanishing all around the world as the cost of minting one far outweighs its value. But hackers ...

The U.S. Treasury Department has stopped producing the penny after more than 230 years. It now costs 3.69 cents to produce a single penny, which is significantly more than its face value. Pennies will ...