The decision to halt penny production didn’t come as a surprise to those in the coin-collecting world. “I really thought we’d stop years ago to stop doing the penny.

What does the demise of the penny mean for consumers and collectors? Could the last pennies be valuable? Here's what we know. MIA Money: $1.7 trillion sits in lost and forgotten 401 (k) accounts.

The penny, long the most neglected coin in our change jars and couch cushions, is about to clock out for good. The U.S. Department of the Treasury recently confirmed it will end production of the ...

It costs 3.69 cents to make a penny, whose value is just one cent, according to the U.S. Mint’s fiscal 2024 report. Last year alone, the penny’s production resulted in a loss of $85 million ...

The government spends about 3.7 cents to make 1 penny. That's a loss of $85 million last year alone. And around half of us don't even carry cash anymore.

The current penny in production, expected to finish in early 2026, is made of 97.5% zinc and 2.5% copper and costs 3.69 cents to make, far exceeding its value. However, the penny has gone through ...

Getting Rid of Pennies The Treasury Department's move to halt penny production isn't unprecedented—other governments have already phased out their lowest-denomination coins. Canada made the move ...

There are around 240 billion pennies in circulation in the U.S. currently, so the chances of any given penny being one of these valuable coins is around 1 in 8.8 billion.

While a wind-down plan for the use of the penny hasn’t officially been released, it may be similar to the process followed in Canada, which parted ways with its penny in the early 2010s for the ...