| Author |
 Replies: 21 / Views: 14,166 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
656 Posts |
They were testing new cent, because the price of copper was rising, but then it came back down, so they stopped testing. I think.
|
|
Pillar of the Community
United States
6326 Posts |
So, "is" there a "rarity" value to it then ?.....  Edited by eaglefoot
04/29/2008 09:14 am
|
|
Valued Member
United States
177 Posts |
IF it's genuine, and IF the feds don't confiscate it, then yeah, I'd say it has a rarity value. A pretty hefty one.
|
|
Moderator
 Australia
16851 Posts |
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Bedrock of the Community
United States
14454 Posts |
If I am not mistaken ICG has graded atleast one of these and they didn't turn the person in who it belonged to, I don't know if any other TPG would do the same or not, but I think they are another series of coins that are illegal to actually own so if it is real you may want to keep it close by and not speak of it to much on allot of coin forums |
|
Moderator
 United States
6563 Posts |
I really don't get the big deal of it being illegal. Isn't it like any other trial strike or variety that never went into circulation?
|
|
Bedrock of the Community
United States
14454 Posts |
I don't know, I am just repeating what I think I read somewhere about the aluminum cents and the one that was graded
|
|
Bedrock of the Community
United States
12437 Posts |
These aluminum trial patterns were only given to a few members of Congress(the ones sitting on various finance committees that decide monetary legislation) and then they were supposed to have been returned to the Mint and melted down just like the rest of the mintage. The recall is the part that makes them potentially illegal, regular patterns are not usually recalled so their legality is not in question. I believe that the one ICG certified did come from the estate of a Capitol police officer and it was given to him by a congressman. However, this coin still resides with the family and no attempt has been made to sell it which is probably the main reason why it hasn't been seized. Examples are also in the National Numismatic Collection at the Smithsonian. BTW, in case you are wondering "Why in the heck did they send it to ICG?", ICG actually works with the Secret Service(or at least they did before last years upheaval, not sure if they still do) in Counterfeit Detection with agents receiving training from them. Edited by biokemist6
04/29/2008 12:02 pm
|
|
Bedrock of the Community
United States
14454 Posts |
even after all this being said I would still love to see a picture of the coin in question or any of the aluminum cents that actually are left just because I have never seen one
|
|
Moderator
United States
189434 Posts |
|
|
Pillar of the Community
United States
1840 Posts |
Quote:
I really don't get the big deal of it being illegal. Isn't it like any other trial strike or variety that never went into circulation? In all likelihood this is a measure to prevent pilferage. Since at least some of these coins left the mint, there was an obvious risk for diversion. Making them illegal not only prevents theft, but also decreases the value of any coins that may have been taken. Besides, who wants to count all 1.5+ million pennies to make sure one isn't missing. |
|
Valued Member
United States
473 Posts |
out of couriosity, whats the going rate for a pound of aluminum?
|
|
Pillar of the Community
United States
656 Posts |
|
|
Bedrock of the Community
United States
10982 Posts |
I believe a genuine Al cent would be worth many $1,000s since most were melted. It is subject seizure also.
|
|
Valued Member
United States
169 Posts |
I'd never heard of 1975 AL cents. The story I'd always heard was that 11 of the 1974 AL cents were given to various members of Congress and that 1 of them was returned, leaving 10 somewhere out there. The mint probably still claims ownership of any AL pattern cents. I believe the fed gov't recently confiscated one of the 1933 Roman Numeral 20 gold pieces, so I would definately not let them know where yours is.
On edit: The WIKIPedia entry said that about ten are believed to be "out there". If that's correct, then I'm guessing that an authentic one would be worth a whole lot of money (on the black market of course) I don't think it would be a stretch to say one is worth $10,000 or possibly a whole lot more.
Edited by One Red Cent
05/04/2008 10:11 pm
|
|
Page 2 of 2
|
Replies: 21 / Views: 14,166 |
Page 2 of 2
|
First Page
Posted 04/29/2008 09:13 am
