It will soon be time to say goodbye — at least in part — to the penny. The U.S. Treasury Department announced it will phase out production of the 1-cent coin beginning in early 2026 to comply ...

Lincoln wheat pennies, produced from 1909 to 1958, had stalks of wheat engraved on the back before the look changed in 1959. But online hype has folks thinking some of the pennies are worth millions.

As the penny is phased out, the nickel will become the smallest denomination used in cash transactions. While nickels are also produced at a loss — costing about 13.8 cents to make a coin worth ...

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.

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.

A version of this article appears in print on Feb. 16, 2025, Section ST, Page 6 of the New York edition with the headline: Without Pennies, Whither Penny Loafers?.

The U.S. Treasury will stop minting pennies in early 2026 due to production costs exceeding face value. Pennies will remain legal tender and accepted for transactions, with some amounts rounded to ...

There are around 240 billion pennies in circulation in the U.S. currently, so the chances of any given penny being one of these valuable coins is around 1 in 8.8 billion.

The most valuable pennies, which are rare but possibly still in circulation, are 1943 copper Lincoln wheat pennies, a few of which were produced accidentally as the U.S. mints were supposed to use ...