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

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

The cost of producing a single penny has already skyrocketed to about 4 cents, while consumers have mostly shifted to digital ...

WASHINGTON -- The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, ...

"Cash transactions will now be rounded to the nearest ... are expected to begin phasing out the currency. The Philadelphia Mint is the nation's first. Aside from formerly minting pennies, the ...

Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel.

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The U.S. Treasury Department will stop making new pennies, according to a statement on Thursday. The Wall Street Journal ...