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The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday.

VILNIUS – Lithuania started rounding off the final amount of a basket of goods or services on May 1, thus moving to gradually phase out the use of 1 and 2 cent coins. The final amount of a purchase ...

Many countries have dropped low-denomination coins in the past. But can cash-loving Germany follow suit and stop accepting the smallest euro coins? Other European nations are showing the way.

Many countries have dropped low-denomination coins in the past. But can cash-loving Germany follow suit and stop accepting the smallest euro coins? Other European nations are showing the way.

Getting rid of the penny, which cost the government 3 cents each, could end up costing the Treasury Department money if it has to make more nickels, which cost nearly 14 cents each to make and ...

President Donald Trump announced Sunday he’s ordered his administration to cease production of the 1-cent coin, whose buying power is long past its prime.

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The decline in small-cent coin usage is evident in minting figures: Belgium last minted 1-cent coins for circulation in 2017 and 2-cent coins in 2016. Italy has only minted 5-cent coins since 2017, ...