The free searchable database will feature 7,000 pieces from the museum's 35,000-item collection and about 1,000 images have ...

The Trump administration has announced plans to discontinue minting new pennies, citing the cost of producing the 1- cent coins in relation to their value and importance in the U.S. currency system.

After dropping off the miners and their equipment near the base of the Homer Spit in mid-October, the Agate was confirmed ...

According to the Trump administration, the reason for the decision was to save federal money, “one penny at a time.” In 2024, ...

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...

The U.S. Treasury will soon cease penny production, a change sparked by the disparity between the coin’s production cost and ...

While most coins have a fixed nominal value, some pennies can be worth significantly more. With the US Treasury planning to cease penny production, interest in existing pieces may rise. You might have ...

In fiscal year 2024, it took 3.7 cents to produce and distribute one penny, according to the 2024 U.S. Mint report.The 2024 cost was up by 20% from the previous year, according to the report.

The end of penny production marks a change in a 233 year tradition, as the penny was one of the first coins made after the U.S. Mint was established in 1792, according to its website.

But the U.S. won’t be the first country to discontinue the penny. New Zealand stopped producing its one-cent coins in 1990, followed by Australia in 1992 and Canada in 2012.

According to U.S. Mint officials, it costs about three cents to produce one penny. Production of the penny is expected to end around early 2026 when the last blanks are printed. Consumers will see ...