penny

America has a debt problem. We don't bring in enough revenue, and we spend too much money. But don't fret. Our government has a plan to fix all this by ... cutting the cost of coining pennies and nickels.

Did you know that the new coins in your pocket are signed by the original artists who designed them? I went to the United States mint in Philadelphia to meet some of the faces who create the money we all spend every day. I also found out how our national coin-making process has moved into the...

Looking to hang onto your hard-earned cash a little longer? Instead of pinching pennies, research suggests converting them into big bills. Researchers from New York University found we tend to hang onto $50s, $20s and even $10s longer than we do $1s and $5s. The theory: It's more painful to...

An arguement over a penny doesn't seem worthy of calling police in, but for Lincoln penny collectors, things got a little heated Thursday.Lincoln's birthday was Feb. 12, but the bicentennial of his birth is being celebrated all year. The yearlong celebration by the U.S. Mint continued with the...

Getting something for free - such as in a buy one, get one free promotion -- can make the freebie's perceived value drop. After all, if it's free, why pay for it when it's not part of the deal?But a new paper to be published soon by the Journal of Consumer Research shows that such freebie deals...

The U.S. Mint rolled out a new Lincoln-themed penny over a month ago. But I still have not seen any. At first I was asking clerks in stores "Got any of the new pennies?" I quickly discovered that nobody had any idea that the Mint was rolling out four new designs for the penny this year and gave up...

We've all been on the receiving end of a parking ticket we felt was unjust wishing there was some way to, "stick it to the man," while avoiding a night in jail. One New Jersey man recently decided he was going to "fight back" by paying his $56 fine completely in pennies, only to be turned down...

The U.S. Mint is officially the P.T. Barnum of currency. It's addicted to showmanship. Yesterday, in a heartwarmingly goofy ceremony at Washington DC's Lincoln Memorial, an actor dressed as Abe unveiled its four new designs for the penny, all of which will be released in 2009 to commemorate the...