First issued in 1793, the penny is one of the oldest coins produced by the U.S. Mint, which itself was established just a year earlier. The original coin was larger than the currrent one , and ...

Item 1 of 2 One-cent U.S. coins known ... The Treasury's penny phase-out plan was first ... There are around 114 billion pennies currently in circulation in the U.S., according to the Treasury.

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.

First issued in 1793, the penny is one of the oldest coins produced by the U.S. Mint, which itself was established just a year earlier. The original coin was larger than the currrent one , and ...

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.

The US won't be the first country to do away with its smallest coin. Australia eliminated its 1-cent and 2-cent coins in 1992, and Canada got rid of its pennies in 2013. Read Next: ...

WASHINGTON -- The U.S. Treasury Department says it will phase out production of new pennies early next year after President Donald Trump asked the agency to stop producing the coin that has been ...

In 1909, to mark the 100th anniversary of Abraham Lincoln’s birth, his likeness was added to the penny, making it the first U.S. coin to feature a real person. What the U.S. penny ...

The cost of producing the penny has risen from 1.3 cents per coin to 3.69 cents over the past 10 years, according to the Treasury. It said stopping production will lead to immediate annual savings ...

WASHINGTON — 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.