The Treasury is phasing out production of the penny, a coin that has been in circulation for centuries, in a move that is expected to save $56 million each year.

You might've heard the news already. The penny, that little copper coin that's been around since your grandparents' grandparents were kids, is officially getting phased out. In fact, the last penny ...

With penny minting ended, Arizona lawmakers will send a bipartisan bill to Gov. Katie Hobbs supporting a new rounding system for cash transactions.

The penny has died. At the age of 232, the iconic coin’s final batch was minted in Philadelphia on Wednesday. But while the copper-plated-zinc currency is dead, it is not yet gone: the estimated 250 ...

Two months after the suspension of penny production in the U.S., retailers and bankers across Colorado are still navigating the decision. Even as federal guidance remains scarce, many say the change ...

Add Yahoo as a preferred source to see more of our stories on Google. A file photo of pennies. The State Department of Consumer Protection is advising businesses to round charges down when making ...

The Florida Senate is advancing a bill to manage cash transactions after the U.S. Treasury stopped minting pennies. The proposed legislation would require retailers to round cash totals to the nearest ...