Here's a rundown of U.S. Mint production costs from the government's latest fiscal year. Each penny costs nearly 4 cents — or $0.0369, to be exact — for the U.S. Mint to make and distribute.

The penny’s run is coming to an end. First minted in 1792, it has been in circulation constantly. It wll be sunseted next ...

President Donald Trump has expedited the cessation of penny production, citing the escalating costs associated with their ...

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.

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

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it costs about 15 ...

The United States Treasury is planning to phase out the penny, which is minted at the U.S. Mint in Philadelphia.

The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.

The United States wouldn't be the first country to eliminate the coin, Turco said. Canada, for example, decided to phase out ...

An immediate annual saving of $56 million in reduced material costs is expected by stopping penny production, according to a ...