The European Union has been wrestling with the future of its 1—and 2-cent euro coins for some time. The two lowest ...

What they're saying: The representatives say the practice would follow Australia and Canada, who have eliminated one-cent ...

In the 1990s, Australia and New Zealand stopped 1- and 2-cent penny production. Then in 2006, New Zealand stopped producing its 5-cent coin as well, per Nasdaq. Canada followed suit in 2012 ...

President Trump in February announced on social media he had directed the Treasury Department to stop minting new pennies, ...

who have eliminated one-cent coins, and that several other countries commonly round cash transactions to the nearest five cents. They say pennies are a waste of taxpayer dollars and that halting ...

WASHINGTON — A bipartisan group of lawmakers introduced legislation to eliminate the penny, formalizing a proposal first floated by President Donald Trump earlier this year. Representatives Lisa ...