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What’s the existing 1974 penny value? What around the value of a 1974 silver penny?

As you will do it soon discover out, some 1974 pennies are worth anywhere between 20 cents to possibly much more than $200,000 — however that’s for the harder to find ones.The great news because that every solitary one of united state who has actually a 1974 coin right currently is they’re all precious at the very least 2 cent — double face value isn’t bad at all.Oh, and also those 1974 silver- pennies? They’re no made from silver. If you’ve gained one, it’s a 1974 aluminum penny and also it’s obtained quite a story.Here’s whatever you want to know about your 1974 pennies…

1974 coin Facts

The 1974 Lincoln Memorial cent is a generally typical coin. You’re certain to find plenty of 1974 pennies in your pocket change.Lincoln Memorial pennies were made native 1959 v 2008, and until 1982 they were made from a 95% copper composition.That way 1974 pennies space made from copper, and also due come the rising price the this an useful metal every 1974 penny is worth around 2 cents.While 1974 pennies aren’t as beneficial as silver, they must be saved for the same factor — since the metal is worth more than the coin’s confront value!What’s the catch? the presently illegal to melt pennies for their intrinsic copper value. However, some coin experts think that legislation will change if and when the United claims stops issuing one-cent the meantime, countless coin collectors and also thousands the hoarders are already saving every pre-1982 copper pennies and also many are also trading in between coin collectors and coin dealers because that 1.5 come 2.2 cent each.While 99% the 1974 pennies were made native a copper-based alloy, over there were an ext than 1 million 1974 aluminum pennies struck together trials.Read ~ above for more about 1974 aluminum pennies — or, as some speak to them, 1974 silver- pennies.

Did You recognize It’s Illegal To very own A 1974 Aluminum Penny?

Let’s talk about the so-called 1974 silver penny.You’ve more than likely heard around 1974 silver- pennies from family, friends, or other coin collectors. Some civilization use the ax “silver penny” fairly fancifully — perhaps suggesting Mint public representative purposefully make rare silver- pennies.While there room some off-metal error including silver dime planchets that discovered their means into the Lincoln cent presses (these errors room worth an ext than $100 each), there were no 1974 silver pennies ever intentionally do by the U.S. Mint.Rather, the Mint struck aluminum cent in 1974 as check did the Mint stroked nerves making 1974 aluminum pennies?

They were designed to help reduce the price of to mark copper pennies, because of the rising expense of copper. In the at an early stage 1970s, the expense of copper had actually risen from around 50 cents per lb to virtually $1.That intended that the melt value of the copper in a typical Lincoln penny was worth nearly as much as the face value that the coin!That also means the expense of make a Lincoln cent to be nearing actual the challenge value — a situation that wake up today when it costs around 1.5 cent to strike every penny, representing a loss to taxpayers v every 1-cent coin made.The U.S. Mint started experimenting with various materials to aid reduce the cost of make pennies. Eventually, aluminum was liked by government officials together the solution, and also the Mint struck much more than 1 million 1974 aluminum pennies to test the brand-new coin.However, part pediatricians were concerned that swallowed aluminum pennies wouldn’t display up in x-rays, and folks from the vending maker industry protested the cost of to update their devices to get aluminum pennies (because in 1974 part vending equipments still accepted pennies).

The conflict was solved as soon as copper prices fell, taking press off the Mint to replace the copper-based alloy in the penny.The 1974 aluminum penny was automatically recalled because that melting, and more than 1 million pieces were destroyed — consisting of hundreds provided to members that Congress and other officials. However not every one of the to be returned, and there is one untold (small) variety of unaccounted 1974 aluminum pennies still the end there today.Every now and also then one transforms up, such as was the case of the 1974-D aluminum penny discovered by the boy of a former Mint employee.All 1974 aluminum pennies are considered government property and also are therefore illegal come own.

That’s the instance with the 1974-D aluminum penny, which to be confiscated by the government prior to it was sold at auction. Some experts think if the coin had sold at auction, that would’ve fetched more than $200,000.Of course, we’ll never know the real value of these rare pennies uneven the 1974 aluminum coin becomes legit for private ownership.If you have a 1974 silver- penny — or one that appears to be made from silver- — the very first thing you need to do is examine its weight:A 1974 aluminum coin weighs around 0.93 grams.If your 1974 penny weighs 3.11 grams (or more) you have actually a continual copper penny through some form of silvery metal plating. These are common and also are merely novelty that were transformed after lock left the U.S. Mint.Wondering which coin revenue to use? I usage the sweet Gram range for weighing

What space 1974 Pennies Worth?

Here’s a perform to assist you determine your 1974 coin value. This list consists of each of the mintmark variations:

1974 No Mintmark (Philadelphia) — 4,103,183,000 minted, 20 to 25+ cents1974 No Mintmark (West Point, tantamount from the Philadelphia 1974 penny) — 128,957,523 minted; 20 come 25+ cents1974-D (Denver) — 4,235,098,000 minted; 20 come 25+ cents1974-S (San Francisco) — 409,426,660 minted; 20 to 25+ cents1974-S evidence — 2,612,568 minted; $1+1974 (Philadelphia) aluminum penny — unknown mintage of approximately 1.5 million, maybe worth $200,000+1974-D aluminum coin — 1o come 12 minted (estimated); maybe worth $200,000+

*Values are for in uncirculated condition unless otherwise noted. Circulated 1974 pennies space worth around 2 cents each.

What Else happened When her 1974 Penny to be Made?

There to be a lot of happening as soon as your 1974 penny was struck. This is a watch at several of the main events in 1974:President Richard Nixon resigned between the Watergate scandal (stemming indigenous wiretapping of the autonomous National Headquarters office in ~ the Watergate complex in Washington, D.C., in 1972). Vice-President Gerald Ford ended up being president on august 9.An continuous oil embargo make gas scarce and also pushed gas prices through the roof in at an early stage 1974. Throughout the unified States, lines developed at gas stations and also people were paying a record 55 cents per gallon.The 110-story Sears Tower in Chicago became the world tallest building, surpassing the twin Towers of the world Trade center in brand-new York City. The 1,450-foot-tall Sears Tower to be renamed the Willis Tower in 2009.The well known “Rumble in the Jungle” boxing complement pitted heavyweight champions Muhammad Ali and George Foreman against each various other in the African country formerly recognized as Zaire. Ali won the historical bout.The United says Mint unveiled the 1776-1976 Bicentennial the were issued because that circulation the complying with year. The Bicentennial incorporate a special quarter, half dollar, and dollar coin.Top songs in 1974 consisted of “Dancing Machine” by the Jackson 5, “The Streak” by ray Stevens, “The Loco-Motion” by cool Funk Railroad, “Rock Me Gently” by Andy Kim, “Kung Fu Fighting” by Carl Douglas, and also “Rikki Don’t shed That Number” by Steely Dan.Popular TV reflects in 1974 were “All in the Family,” “The Waltons,” “Kojak,” “M*A*S*H,” “Maude,” “The Rockford Files,” and “Happy Days.”On the silver display in 1974 were The Godfather part II, The Towering Inferno, The Texas Chainsaw Massacre, Blazing Saddles, and Chinatown.

More Info around 1974 Pennies

In enhancement to the links I’ve included above, right here are some other resources to aid you learn much more about her 1974 pennies:Rare 1974 penny Goes ago To FedsA Brief background Of The PennyWhich Old Pennies are The most Valuable?Old Copper Pennies: Which persons To conserve & What lock Worth5 rare You’ll uncover In The Lincoln Memorial Cent SeriesA perform Of 43 U.S. Pennies worth Holding top top To

I’m the Coin Editor below at My love because that started when i was 11 year old. I generally collect and also study U.S. produced during the 20th century. I’m a member of the American Numismatic combination (ANA) and also the Numismatic literature Guild (NLG) and have won multiple awards indigenous the NLG for my job-related as a coin journalist. I’m additionally the editor at the Florida unified Numismatists society (FUN topics magazine), and also author of photos of America: The United claims Mint in Philadelphia (a publication that explores the colorful background of the Philadelphia Mint). I’ve added hundreds of short articles for miscellaneous coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve authored virtually 1,000 write-ups here at The funny Times overview to (many the them v over 50K shares), and I welcome her coin questions in the comments below!
JoshuaI"m the Coin Editor below at My love for began when ns was 11 year old. I mainly collect and study U.S. developed during the 20th century. I"m a member the the American Numismatic combination (ANA) and the Numismatic literary Guild (NLG) and also have won multiple awards from the NLG because that my job-related as a coin journalist. I"m likewise the editor in ~ the Florida joined Numismatists club (FUN topics magazine), and also author of photos of America: The United claims Mint in Philadelphia (a publication that explores the colorful background of the Philadelphia Mint). I"ve added hundreds of posts for miscellaneous coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I"ve authored almost 1,000 articles here at The funny Times guide to (many of them with over 50K shares), and also I welcome your coin concerns in the comments below!

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