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You are watching: How much is a 1974 penny worth

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

As you will do it soon uncover out, some 1974 pennies space worth anywhere between 20 cent to possibly more than $200,000 — yet that’s for the harder to find ones.The good news because that every single one of united state who has a 1974 coin right now is they’re all precious at least 2 cents — dual face value isn’t bad at all.Oh, and those 1974 silver- pennies? They’re no made from silver. If you’ve gained one, it’s a 1974 aluminum penny and it’s gained quite a story.Here’s everything you desire to know around your 1974 pennies…

1974 coin Facts

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

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

Let’s talk about the so-called 1974 silver penny.You’ve probably heard about 1974 silver pennies from family, friends, or other coin collectors. Some world use the hatchet “silver penny” fairly fancifully — perhaps saying Mint officials purposefully do rare silver pennies.While there space some off-metal error including silver dime planchets that found their way into the Lincoln cent presses (these errors room worth much more than $100 each), there to be no 1974 silver- pennies ever intentionally made by the U.S. Mint.Rather, the Mint struck aluminum cent in 1974 as check did the Mint bother making 1974 aluminum pennies?

They to be designed to assist reduce the expense of highlight copper pennies, as result of the rising price of copper. In the beforehand 1970s, the price of copper had risen from about 50 cents per pound to practically $1.That expected that the melt worth of the copper in a common Lincoln penny to be worth nearly as much as the face value the the coin!That also means the cost of make a Lincoln cent to be nearing yes, really the challenge value — a case that occurs today once it costs around 1.5 cent to strike every penny, representing a loss come taxpayers with every 1-cent coin made.The U.S. Mint started experimenting with various materials to help reduce the expense of make pennies. Eventually, aluminum was favored by federal 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 pertained to that swallowed aluminum pennies wouldn’t show up in x-rays, and folks indigenous the vending an equipment industry protested the expense of updating their equipment to receive aluminum pennies (because in 1974 some vending devices still accepted pennies).

The dispute was solved when copper price fell, taking push off the Mint to replace the copper-based alloy in the penny.The 1974 aluminum penny was immediately recalled for melting, and more than 1 million pieces were ruined — consisting of hundreds provided to members the Congress and other officials. But not all of the were returned, and also there is an untold (small) variety of unaccounted 1974 aluminum pennies still the end there today.Every now and also then one turns up, such together was the case of the 1974-D aluminum penny found by the son of a previous Mint employee.All 1974 aluminum pennies are thought about government property and also are therefore illegal come own.

That’s the situation with the 1974-D aluminum penny, which to be confiscated by the government prior to it was marketed at auction. Part experts think if the coin had actually sold in ~ auction, that would’ve fetched more than $200,000.Of course, fine never understand the real value that these rare pennies uneven the 1974 aluminum penny becomes legitimate for personal ownership.If you have actually a 1974 silver penny — or one that appears to it is in made from silver- — the very first thing you should do is inspect its weight:A 1974 aluminum coin weighs about 0.93 grams.If her 1974 penny weighs 3.11 grams (or more) you have actually a consistent copper penny with some type of silvery steel plating. These are common and are merely novelty the were altered after lock left the U.S. Mint.Wondering i m sorry coin revenue to use? I usage the sweet Gram range for weighing

What space 1974 Pennies Worth?

Here’s a list to aid you identify your 1974 penny value. This list consists of each the the mintmark variations:

1974 No Mintmark (Philadelphia) — 4,103,183,000 minted, 20 to 25+ cents1974 No Mintmark (West Point, indistinguishable 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 come 25+ cents1974-S proof — 2,612,568 minted; $1+1974 (Philadelphia) aluminum coin — unknown mintage of approximately 1.5 million, possibly worth $200,000+1974-D aluminum penny — 1o to 12 minted (estimated); probably worth $200,000+

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

What Else occurred When her 1974 Penny was Made?

There was a lot happening once your 1974 penny to be struck. Here’s a look at at several of the main events in 1974:President Richard Nixon resigned amid the Watergate scandal (stemming native wiretapping the the autonomous National Headquarters office in ~ the Watergate facility in Washington, D.C., in 1972). Vice-President Gerald Ford became president on respectable 9.An continuous oil embargo make gas scarce and pushed gas prices through the roof in early on 1974. Throughout the joined States, lines formed at gas stations and also people to be paying a document 55 cents per gallon.The 110-story Sears Tower in Chicago became the world tallest building, surpassing the twin Towers of the human being Trade facility in brand-new York City. The 1,450-foot-tall Sears Tower to be renamed the Willis Tower in 2009.The famed “Rumble in the Jungle” boxing enhance pitted heavyweight champions Muhammad Ali and George Foreman against each various other in the African nation formerly recognized as Zaire. Ali won the historic bout.The United says Mint unveiled the 1776-1976 Bicentennial that were issued because that circulation the adhering to year. The Bicentennial encompass a one-of-a-kind quarter, half dollar, and also dollar coin.Top song in 1974 had “Dancing Machine” by the Jackson 5, “The Streak” by beam Stevens, “The Loco-Motion” by grand Funk Railroad, “Rock Me Gently” through Andy Kim, “Kung Fu Fighting” by Carl Douglas, and “Rikki Don’t shed That Number” through Steely Dan.Popular TV shows 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 screen in 1974 were The Godfather part II, The Towering Inferno, The Texas Chainsaw Massacre, Blazing Saddles, and Chinatown.

More Info around 1974 Pennies

In addition to the links I’ve had above, right here are some other resources to assist you learn much more about her 1974 pennies:Rare 1974 penny Goes ago To FedsA Brief background Of The PennyWhich Old Pennies room The many Valuable?Old Copper Pennies: Which ones To conserve & What castle Worth5 rarely You’ll discover In The Lincoln Memorial Cent SeriesA list Of 43 U.S. Pennies precious Holding ~ above To

I’m the Coin Editor right here at Mine love because that began when ns was 11 years old. I generally collect and also study U.S. created during the 20th century. Ns a member the the American Numismatic combination (ANA) and also the Numismatic literary Guild (NLG) and have winner multiple awards native the NLG because that my job-related as a coin journalist. I’m additionally the editor in ~ the Florida joined Numismatists society (FUN object magazine), and also author of photos of America: The United states Mint in Philadelphia (a book that explores the colorful background of the Philadelphia Mint). I’ve contributed hundreds of write-ups for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and also CoinWeek. I’ve authored virtually 1,000 posts here in ~ The funny Times overview to (many that them with over 50K shares), and also I welcome her coin questions in the comment below!
JoshuaI"m the Coin Editor here at Mine love for began when i was 11 year old. I mostly collect and study U.S. produced during the 20th century. I"m a member the the American Numismatic combination (ANA) and also the Numismatic literature Guild (NLG) and have won multiple awards indigenous the NLG for my occupational as a coin journalist. I"m additionally the editor at the Florida unified Numismatists society (FUN topics magazine), and author of photos of America: The United states Mint in Philadelphia (a publication that explores the colorful history of the Philadelphia Mint). I"ve added hundreds of posts for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I"ve authored virtually 1,000 articles here in ~ The funny Times overview to (many of them with over 50K shares), and also I welcome her coin questions in the comments below!

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