The Trump administration says making cents doesn't make sense anymore. The U.S. Mint has made its final order of penny blanks ...

An immediate annual saving of $56 million in reduced material costs is expected by stopping penny production, according to a ...

The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year.

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

The U.S. Treasury Department confirmed Thursday it will phase out production of the penny, fulfilling Trump’s directive to ...

The federal agency placed its final order for penny blanks this month, with the United States Mint slated to end manufacturing of the penny when that runs out, a Treasury official told CBS MoneyWatch.

"The United States Mint will continue to manufacture pennies while an inventory of penny blanks exists," the spokesperson said. The agency did not specify how long the inventory was expected to ...