The penny, whose face value is a modest 1 cent, cost about 3.7 cents to make last year. They aren’t the only expensive coin.

Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...

The Coinage Act of 1792 set the stage for the original penny: large, pure copper pieces ... Australia stopped minting one- and two-cent coins in 1992 due to rising inflation and production ...

The money-transfer company's move came after the U.S. State Department last week renewed sanctions against the island nation.

New England numismatists have conflicting feelings about the potential end to a coin that has survived more than 200 years of ...

Canada did away with its one-cent coin more than a decade ago. It could offer insight into what the U.S. may be on the verge ...

The president isn't the first person to call for an end to the penny, and this issue is deeper than wasteful spending.

Factoring in the costs for the raw materials (zinc and copper) and the molding process, a penny worth 1 cent costs over 3 cents to produce. In the modern economy, a coin worth one cent isn't much ...