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You are watching: How much is a 1974 penny worth today
What’s the existing 1974 coin value? What about the value of a 1974 silver penny?
As you will do it soon uncover out, some 1974 pennies are worth anywhere in between 20 cents to possibly more than $200,000 — yet that’s for the more tough to discover ones.The an excellent news because that every solitary one of us who has a 1974 penny right now is they’re all worth at the very least 2 cent — twin face value isn’t negative at all.Oh, and also those 1974 silver- pennies? They’re not made native silver. If you’ve got one, that a 1974 aluminum penny and also it’s acquired quite a story.Here’s whatever you want to know around your 1974 pennies…
1974 coin FactsThe 1974 Lincoln Memorial cent is a generally typical coin. You’re sure to find plenty of 1974 pennies in your pocket change.Lincoln Memorial pennies to be made from 1959 with 2008, and also until 1982 they were made from a 95% copper composition.That means 1974 pennies space made from copper, and also due to the increasing price the this valuable metal every 1974 penny is worth around 2 cents.While 1974 pennies aren’t as an useful as silver- rememberingsomer.com, they need to be conserved for the same reason — because the metal is worth an ext than the coin’s face value!What’s the catch? that presently illegal to melt pennies for your intrinsic copper value. However, part coin experts think that law will change if and when the United states stops issuing one-cent rememberingsomer.com.In the meantime, numerous coin collectors and also thousands the hoarders are already saving all pre-1982 copper pennies and also many are also trading between coin collectors and coin dealers because that 1.5 come 2.2 cent each.While 99% that 1974 pennies were made from a copper-based alloy, there were much more than 1 million 1974 aluminum pennies struck together trials.Read on for much more about 1974 aluminum pennies — or, together some speak to them, 1974 silver pennies.
Did You know It’s Illegal To very own A 1974 Aluminum Penny?
Let’s talk about the so-called 1974 silver penny.You’ve probably heard around 1974 silver- pennies native family, friends, or other coin collectors. Some world use the term “silver penny” rather fancifully — perhaps saying Mint public official purposefully made rare silver- pennies.While there space some off-metal error rememberingsomer.com entailing silver dime planchets that discovered their method into the Lincoln cent presses (these errors are worth much more than $100 each), there were no 1974 silver- pennies ever intentionally made by the U.S. Mint.Rather, the Mint struck aluminum cent in 1974 as check rememberingsomer.com.Why go the Mint bother making 1974 aluminum pennies?
They to be designed to help reduce the price of to mark copper pennies, due to the rising price of copper. In the early on 1970s, the cost of copper had risen from about 50 cents per lb to practically $1.That meant that the melt worth of the copper in a typical Lincoln penny was worth almost as lot as the face value that the coin!That also method the price of making a Lincoln cent was nearing really the confront value — a case that wake up today when it costs around 1.5 cent to strike each penny, representing a loss come taxpayers with every 1-cent coin made.The U.S. Mint started experimenting with various materials to aid reduce the expense of making pennies. Eventually, aluminum was liked by federal government officials together the solution, and also the Mint struck an ext than 1 million 1974 aluminum pennies to test the new coin.However, some pediatricians were concerned that swallowed aluminum pennies wouldn’t show up in x-rays, and folks from the vending machine industry protested the price of updating their tools to receive aluminum pennies (because in 1974 some vending equipments still accepted pennies).
The dispute was solved when copper prices fell, taking pressure off the Mint to change the copper-based alloy in the penny.The 1974 aluminum coin was instantly recalled for melting, and more than 1 million pieces were damaged — consisting of hundreds given to members of Congress and other officials. However not all of the rememberingsomer.com to be returned, and there is one untold (small) variety of unaccounted 1974 aluminum pennies still out there today.Every now and also then one transforms up, such together was the instance of the 1974-D aluminum penny found by the child of a former Mint employee.All 1974 aluminum pennies are thought about government property and are because of this illegal come own.
That’s the situation with the 1974-D aluminum penny, which to be confiscated by the government before it was sold at auction. Part experts think if the coin had sold in ~ auction, it would’ve fetched an ext than $200,000.Of course, fine never recognize the real value of these rarely pennies unless the 1974 aluminum penny becomes legit for personal ownership.If you have actually a 1974 silver penny — or one that appears to it is in made from silver — the first thing you should do is examine its weight:A 1974 aluminum penny weighs about 0.93 grams.If her 1974 coin weighs 3.11 grams (or more) you have a constant copper penny v some form of silvery metal plating. These space common and are simply novelty rememberingsomer.com the were altered after lock left the U.S. Mint.Wondering i beg your pardon coin revenue to use? I usage the weigh Gram scale for weighing rememberingsomer.com.
What are 1974 Pennies Worth?Here’s a list to assist you identify your 1974 penny value. This list contains each that the mintmark variations:
1974 No Mintmark (Philadelphia) — 4,103,183,000 minted, 20 to 25+ cents1974 No Mintmark (West Point, identical from the Philadelphia 1974 penny) — 128,957,523 minted; 20 come 25+ cents1974-D (Denver) — 4,235,098,000 minted; 20 to 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 about 1.5 million, possibly worth $200,000+1974-D aluminum coin — 1o come 12 minted (estimated); possibly worth $200,000+
*Values are for rememberingsomer.com in uncirculated condition unless otherwise noted. Circulated 1974 pennies are worth about 2 cent each.
What Else happened When her 1974 Penny was Made?There was a lot happening when your 1974 penny was struck. Here’s a watch at some of the main occasions in 1974:President Richard Nixon resigned between the Watergate scandal (stemming indigenous wiretapping of the democratic National Headquarters office at the Watergate complicated in Washington, D.C., in 1972). Vice-President Gerald Ford came to be president on respectable 9.An ongoing oil embargo make gas scarce and also pushed gas prices with the roof in at an early stage 1974. Throughout the united States, lines developed at gas stations and also people to be paying a record 55 cent per gallon.The 110-story Sears Tower in Chicago ended up being the world’s tallest building, surpassing the pair Towers of the civilization Trade facility in new York City. The 1,450-foot-tall Sears Tower to be renamed the Willis Tower in 2009.The famous “Rumble in the Jungle” boxing match pitted heavyweight champion Muhammad Ali and George Foreman against each other in the African country formerly recognized as Zaire. Ali winner the historical bout.The United claims Mint unveiled the 1776-1976 Bicentennial rememberingsomer.com that were issued for circulation the adhering to year. The Bicentennial rememberingsomer.com include a special quarter, half dollar, and dollar coin.Top song 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 “Rikki Don’t shed That Number” by Steely Dan.Popular TV mirrors in 1974 were “All in the Family,” “The Waltons,” “Kojak,” “M*A*S*H,” “Maude,” “The Rockford Files,” and also “Happy Days.”On the silver display screen in 1974 were The Godfather component II, The Towering Inferno, The Texas Chainsaw Massacre, Blazing Saddles, and also Chinatown.
More Info around 1974 PenniesIn addition to the links I’ve consisted of above, right here are some other resources to aid you learn more about her 1974 pennies:Rare 1974 penny Goes back To FedsA Brief background Of The PennyWhich Old Pennies room The most Valuable?Old Copper Pennies: Which persons To conserve & What castle Worth5 rarely rememberingsomer.com You’ll find In The Lincoln Memorial Cent SeriesA perform Of 43 U.S. Pennies worth Holding ~ above To
I’m the Coin Editor below at rememberingsomer.com. Mine love because that rememberingsomer.com started when ns was 11 year old. I primarily collect and study U.S. rememberingsomer.com developed during the 20th century. I’m a member the the American Numismatic association (ANA) and the Numismatic literature Guild (NLG) and have winner multiple awards from the NLG because that my job-related as a coin journalist. I’m also the editor at the Florida joined Numismatists society (FUN topics magazine), and also author of photos of America: The United claims Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I’ve contributed hundreds of write-ups for miscellaneous coin publications consisting of COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve authored nearly 1,000 posts here in ~ The fun Times overview to rememberingsomer.com (many the them with over 50K shares), and I welcome her coin concerns in the comment below!
JoshuaI"m the Coin Editor right here at rememberingsomer.com. My love for rememberingsomer.com began when i was 11 years old. I mainly collect and study U.S. rememberingsomer.com produced during the 20th century. I"m a member of the American Numismatic combination (ANA) and also the Numismatic literature Guild (NLG) and also have winner multiple awards from the NLG because that my work-related as a coin journalist. I"m likewise the editor at the Florida joined Numismatists society (FUN subject magazine), and author of photos of America: The United states Mint in Philadelphia (a publication that explores the colorful background of the Philadelphia Mint). I"ve added hundreds of posts for assorted coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and also CoinWeek. I"ve authored almost 1,000 write-ups here at The funny Times guide to rememberingsomer.com (many that them with over 50K shares), and I welcome her coin questions in the comments below!
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