President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. “For far too long the United States has minted ...

(NEXSTAR) — The day has finally come: the U.S. Mint is pressing its last pennies on Wednesday. It comes as retailers across the country are already facing empty penny slots in their cash registers.

President Trump issued an order in February directing the Department of Treasury to halt the minting of pennies, citing production costs that far exceed the coin's actual value.

In a sternly worded letter, Sen. Elizabeth Warren and Rep. Maxine Waters demanded to know why federal agencies haven't ...

Business owners now struggle to round prices up or down as the newly discontinued one cent coin becomes rarer.

Pennies are quietly exiting American life, but the jars and coffee cans full of them are not going anywhere on their own. As ...

The U.S. Mint has halted production of the circulating penny after the Treasury Department concluded new one-cent coins are no longer needed, even as existing pennies remain legal tender and will stay ...

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at ...

Although penny production has concluded, the 1-cent coin will "retain its value indefinitely" Jordana Comiter is an Associate Editor on the Evergreen team at PEOPLE. She has been working at PEOPLE ...