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Killing the penny could trigger a small "rounding tax" that forces cash-paying consumers to spend a bit more at the register, according to a new report from the Federal Reserve Bank of Richmond. Why ...

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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.

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.