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

New legislation - the Common Cents Act - was introduced this week to eliminate the production of pennies, which the Treasury ...

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 ...

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 ...

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 ...