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Rare 1943 Penny Sells for $1 Million

Rare 1943 Penny Sells for $1 MillionPCGS(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 PennyAblestock.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 FarewelliStockphoto/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 PenniesAblestock.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 LowsiStockphoto/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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