1974 Penny - Coin Community Forum

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Author	Replies: 4 / Views: 12,264
mmprtylikrckstar New Member United States 1 Posts	Posted 05/22/2008 3:59 pm I am not a coin collector and a don't know squash about coins. I found a 1974 penny and I was wondering if it has any value right now. How about in 10 years.........20...........30..........or even in a hundred years? Report this Post to the Staff

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 05/22/2008 4:37 pm It is worth exactly one cent It could have been minted at one of two mints(Denver or Philadelphia) and both mints had an output of over 4 billion Lincoln cents each in 1974. Even 50+ year old wheatback cents are usually only worth a few cents each unless from the teens and 20s. The cent is the most common denomination and traditionally has had higher mintages by far than any other denomination- that makes most of them common as dirt. Once you get to the Indian Head cents, they finally have a bit of value but even the circulated common dates of the late 19th and early 20th centuries are only worth a few dollars each with mintages in the tens of millions. When you get closer to the Civil War years the value does increase significantly. Edited by biokemist6 05/22/2008 4:38 pm Report this Post to the Staff
BobK Valued Member United States 177 Posts	Posted 05/22/2008 10:55 pm In a hundred years, maybe... The copper it's made of is right now worth Two Cents. Although it's illegal to melt them right now, that's likely to change some time in the future. At which point copper cents will disappear from circulation almost overnight, like silver did in 1965-1970. Incidentally right now a silver dime is worth a little over a dollar from silver content alone; I wouldn't be surprised to see the same thing hapen to copper. Oh, and it might also have been made in San Francisco; they "only" made 400 million there that year. Not that that changes biokemist6's comments. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 05/22/2008 11:01 pm Thanks Bobk for that correction, for some reason I was thinking 1973 as last year of S business strikes Report this Post to the Staff
penny pincher Valued Member United States 429 Posts	Posted 05/26/2008 9:31 pm The only way this would have any value right now is if it is in almost perfect condition, then it would be worth a couple of bucks. You can still find these coins in circulation and are not rare at all. With the new face lift the penny is getting next year there may be a little bit of an increase but nothing to retire on. Some people are saving/hoarding these because it is an actual copper penny and not zinc (1982 and up). So if you like it, keep it, if not, spens it. Report this Post to the Staff
	Replies: 4 / Views: 12,264

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