The US Treasury Department announced Thursday that it plans to start winding down production of the one-cent coin it has been minting for more than 230 years. But the penny will still remain legal ...

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The U.S. last week unveiled its plan to finally phase out the lowly penny. The Treasury Department has placed its last order ...

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

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By FATIMA HUSSEIN and ALAN SUDERMAN Associated PressWASHINGTON (AP) — The Trump administration says making cents doesn't make sense anymore.

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The American penny will begin its slow fade into non-existence as the government plans stop making the U.S. currency next year.

The U.S. Treasury announces the end of penny production after making its final order of penny blanks. Businesses will soon round cash purchases to the nearest nickel.