Bounty For Pennies In The 70's? - Page 2

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Author	Replies: 21 / Views: 10,613	Page: of 2

Mayflower2020 Pillar of the Community United States 624 Posts	Posted 12/23/2015 01:02 am Quote: However, all of these cents were melted and none were released in circulation. At least one of the 1974 aluminum cents made it out. Although the Mint claims it was never released and therefor still their property. When two men tried to sell this one at auction, the government stepped in and demanded the cent be returned to them. Interesting story. http://www.coinworld.com/news/us-co...nt.all.html# Report this Post to the Staff
everything Valued Member United States 493 Posts	Posted 12/23/2015 02:57 am It seems this was a time when the mint was busy replacing all the wheat pennies that were finally more hoarded? We still find about a dozen wheat pennies in the average $25 bank box. Then they minted nearly 11 billion 1982 copper pennies, gave up and went zinc. Also, I noticed they were not really cranking up the presses all through the 60's, a couple billion a year but by 74 they were up to 10 billion per year. Now copper pennies between 59-82 are down to I'd say less than 25% of the population or less. Now the melt on a copper penny is $0.0139601 is the melt value for the 1909-1982 copper cent on December 22, 2015. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 12/23/2015 10:00 am Quote: At least one of the 1974 aluminum cents made it out. Although the Mint claims it was never released and therefor still their property. When two men tried to sell this one at auction, the government stepped in and demanded the cent be returned to them. Interesting story. At least two of them made it out. One was found in a departing congressman's desk. That was sent to the Smithsonian. The other is the Toven coin that was originally graded AU 58 by ICG and then later MS-62 by PCGS. That coin is still in the family's hands and the government has never made any attempt to recover it. The piece in you link is NOT one of the experimental coins, they were all made in Philadelphia. It is controversial because all experimental/pattern coins are made in Philadelphia, never in the branch mints. The government has absolutely no records of ever striking ANY 1974 D aluminum cents. They say they didn't make any, but that it belongs to them and they want it back. Report this Post to the Staff
n9jig Pillar of the Community United States 998 Posts	Posted 12/23/2015 11:14 am The Smithsonian's Aluminum cent is on display. They had an error in the placard that I emailed them a couple years ago about and they said they changed it. They had indicated that the composition changed in 1986 when it was actually 1982. Has anyone been there recently to see if they indeed changed the description to the correct one? Report this Post to the Staff
NDCENT Pillar of the Community United States 530 Posts	Posted 01/20/2016 4:06 pm Wow! That is a well written piece of history. Report this Post to the Staff
snowman24 Valued Member United States 186 Posts	Posted 01/20/2016 4:27 pm i can remember my mother getting some green Thomas Jefferson 1cent stamps when the store ran out of pennies Report this Post to the Staff
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