After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

Treasury Department will take pennies out of circulation next year. Costly nickels, however, could cancel out savings.

“You can go to your own bank or credit union and not pay any fee,” said Kimberly Palmer, personal finance expert at NerdWallet. Both NerdWallet and Bankrate offer tip sheets on exchanging coins for ...

I never found one, sadly. But I have a slight nostalgia for that activity. Molly: I have a less intense version of attachment to the penny, similar to what I have for good old-fashioned books ...

It costs more than 3 cents to make a 1-cent coin, and now the United States Treasury is finally doing something about it.

While there will still be over a billion already existing pennies in circulation, no new cents will join their ranks for the first time in more than two centuries.

On the Facebook group of Pressed Penny Collectors, whose members seek out machines that flatten the coins into oval-shaped souvenirs, nostalgia has been negligible. “They’re going to stop ...

Of course, retiring the penny is sensible policy. Few people use it, and its production costs outweigh its utility. No one should mistake nostalgia for sound governance. But its disappearance is s ...

Other people summarized arguments for the penny to endure: “All the reasons for keeping them are emotional (nostalgia, tradition, Lincoln is on it, etc.).” And one pointed out that it’s not ...