Although penny production has concluded, the 1-cent coin will "retain its value indefinitely" Jordana Comiter is an Associate Editor on the Evergreen team at PEOPLE. She has been working at PEOPLE ...

It costs nearly three and three-quarter cents to make a penny. You have to add labor and materials. It’s very expensive. They ...

The U.S. Mint has ended production of the penny, a change made to save money and in recognition of the growing irrelevance of the 1-cent coin. The last pennies were struck Wednesday at the mint in ...

PHILADELPHIA (AP) — The U.S. ended production of the penny Wednesday, abandoning the 1-cent coins that were embedded in American culture for more than 230 years as symbols of frugality and the price ...

PHILADELPHIA (AP) — The U.S. ended production of the penny Wednesday, abandoning the 1-cent coins that were embedded in American culture for more than 230 years but became nearly worthless. When it ...

PHILADELPHIA (AP) — Back in 1793, a penny could get you a biscuit, a candle or a piece of candy. These days, many sit in drawers or glass jars and are basically cast aside or collected as lucky ...