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1974 Steel Penny W/ Bronze Plate?

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New Member

United States
7 Posts
 Posted 05/29/2019  12:32 pm Show Profile   Bookmark this topic Add agb1937 to your friends list Get a Link to this Message Number of Subscribers
In going through a collection of Lincoln cents, I came upon 1974coin that was not copper in appearance and was well struck and a sharp design. I could find no information and need some help from the experts in this area. The coin was strongly attracted to a magnet and the dimensions were 19mm Dia. X 1.65mm thick and weighed 3.23 grams. Edge appeared to be steel. Any replies will be appreciated. My searches produced no records of this coin or counterfeits. Photos do not justify the quality of the coin. In response to the finish references on this post, as indicated the photos do not reflect the true appearance of the coin, it shows hardly any signs of wear, almost uncirculated, and is very bright and reflective with a slight yellow golden sheen. In response to the question about the magnetic response, The coin leaps from a 3/16 gap to the magnetic.
1974-Steel-Penny-W/-Bronze-Plate? 1974-Steel-Penny-W/-Bronze-Plate?
1974-Steel-Penny-W/-Bronze-Plate?
Edited by agb1937
05/30/2019 12:29 pm
Valued Member
Badger Mint's Avatar
United States
324 Posts
 Posted 05/29/2019  12:40 pm  Show Profile   Bookmark this reply Add Badger Mint to your friends list Get a Link to this Reply
There were copper plated steel cents struck in 1974 that were all supposed to have been melted, but at least one other survived. A google search should provide you with more information.
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Errers and Varietys's Avatar
United States
74875 Posts
 Posted 05/29/2019  12:41 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
It's been artificially plated after it left the U.S. Mint. Now the plating is starting to wear off and the original color is coming back. Post Strike Damage ( PSD), not an error coin.
Errers and Varietys.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 05/29/2019  12:54 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That's almost certainly the case.



to the CCF!
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Tunnioc's Avatar
United States
3181 Posts
 Posted 05/29/2019  1:11 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
Very interesting! This should be good.
https://www.coinworld.com/news/us-c...ent.all.html
New Member
United States
7 Posts
 Posted 05/30/2019  01:03 am  Show Profile   Bookmark this reply Add agb1937 to your friends list Get a Link to this Reply
Thanks for all the replies and now I am in a real quandary on what I should do. The coin is obviously steel, since it responds to the magnet on center and edge checking. Also, I am confused as to the replies that it was plated after it left the mint since I did not know that any 1974 pennies were struck at the mint in steel for production release that all 1962-1982 were of .950 Cu, .050 Zn. I am now wondering if it is even remotely possible that it could be one of the coins referenced by Badger Mint and Tunnioc. How would I go about verifying that the materials are correct for the Bronze plated steel 1974 experimental coins and whether it could be counterfeit and would I be subject to arrest by our honest government if I try to verify it? I do thank all for your assistance and any recommendations are appreciated.
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SamCoin's Avatar
United States
3237 Posts
 Posted 05/30/2019  10:08 am  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
They were real and they were really bronze plated (so it would make sense that the plating could be wearing off yours). Supposedly between 5 and 8 specimens were kept by workers at the steel mill where the mint disposed of the coins. Whether it's real or just a counterfeit made to look like a famous experimental strike is pretty hard to guess. The real thing is still illegal to own, which definitely makes it a lot more complicated.
Edited by SamCoin
05/30/2019 10:08 am
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Big-Kingdom's Avatar
United States
1667 Posts
 Posted 05/30/2019  11:47 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
it's not that they were bronze plated, the steel planchets were clad in bronze. like a quarter would be, steel core and copper on two sides, this picture of the edge is exactly what youd want to see.

it'd be quite a bit of trouble to steel plate a 1974 cent then plate front and back in bronze to pull of a fake, I can't imagine someone would go through that trouble.

It's one of those situations where you could lose the coin to secret service if you try to verify it, nobody is going to authenticate it because it's not supposed to exist in the first place, and it's illegal to own it as it was supposed to be destroyed and considered stolen federal property if it turns up.

If it is what it is, might be worth an attorney to take a fight to the federal government over it as you and the coin remain anonymous in the legal case. Perhaps a deal can be reached to authenticate it, and sell it and split the profits in some manner. but ideally, you wouldn't' want to be known as the person that has it, or where it's kept because they will come looking for it to seize it out from under you.

Without it being legitimized and authenticated, I don't see it ever realizing it's full potential value, though I could see it trading hands on the seedy black market coin underworld.
And I gotta say, I don't see it working out in anyones favor besides the federal government,just like those 10 1933 double eagles a while ago.

If real and legitimatized, could be million dollar coin though, just I don't see that working out in your favor no matter how you go about it. If it is what it is, it was supposed to be destroyed and would be considered stolen property.

Tough situation to have.

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Conder101's Avatar
United States
17884 Posts
 Posted 05/30/2019  11:50 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I thought the 1974 experimental steel cents were bronze CLAD steel not bronze plated.

agb1937, how strongly does it react to the magnet? Is it just attracted to it? Or does it JUMP to the magnet?
Pillar of the Community
United States
751 Posts
 Posted 05/30/2019  12:40 pm  Show Profile   Bookmark this reply Add Panther to your friends list Get a Link to this Reply
What doers your 3rd photo show. It appears to be a void in the center of the coin ?

Dan
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Tunnioc's Avatar
United States
3181 Posts
 Posted 05/30/2019  12:46 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
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