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Rare 1943 Penny Sells for $1 Million

Rare 1943 Penny Sells for $1 Million

PCGS(NEW YORK) — A 1943 Lincoln penny that soared in value because it was made from the “wrong” material reportedly has sold for $1 million.The penny was erroneously made of bronze instead of zinc-coated steel at the San Francisco Mint, according to U…

Canada Says Farewell to the Penny

Canada Says Farewell to the Penny

Ablestock.com/Thinkstock(WINNIPEG, Manitoba) — In an effort to save the government money, officials in Canada made the decision some time ago to stop making the Canadian penny.  On Friday, the country held a final minting ceremony for the coin, w…

US Penny to Be Kept as Canada Bids Coin Farewell

US Penny to Be Kept as Canada Bids Coin Farewell

iStockphoto/Thinkstock(WASHINGTON) — Loafer wearers, rejoice.Even though Canada will be saying goodbye to the 1-cent coin in the fall, it seems the U.S. penny is here to stay — for now.In 2008, then-Treasury Secretary Henry Paulson suggested eliminat…

Spare Change: Canada to Stop Making Pennies

Spare Change: Canada to Stop Making Pennies

Ablestock.com/Thinkstock(OTTAWA, Canada) — Say goodbye to the Canadian penny.Lawmakers in Canada have decided it makes little sense — or cents — to continue making the 1-cent coin. Canada’s minister of finance, Jim Flaherty, announced the penny&lsqu…

Sanctions Push Iranian Currency to Record Lows

Sanctions Push Iranian Currency to Record Lows

iStockphoto/Thinkstock(WASHINGTON) — Iran’s currency, the rial, has lost 71 percent of its value against the dollar since September, a fact that a senior Treasury Department official said Monday was a direct result of U.S. and international sanc…

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