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Illegal Coins?

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Pillar of the Community
Mila_cent's Avatar
United States
1767 Posts
 Posted 03/25/2005  12:24 am Show Profile   Bookmark this topic Add Mila_cent to your friends list Get a Link to this Message Number of Subscribers
Hi all,
I read somewhere that a large quantity of pennies were made of aluminum and bronze - clad Steel 1974 Cents were produced, but most were destroyed. Both are now illegal to own.
[:0] Why is that. Is it true? and Does anyone know if one or a few got away from distruction?
Thanks. Just want to know.
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 03/25/2005  05:00 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
Hello Mila_cent, I don't have the answer to your question, but was wondering if you still wanted the "Starter Packet of Coins" you asked for earlier this week. I don't know where to send them and you have no mail contact in your profile! I have already mailed the other three sets. Please mail me at rmkardes@comcast.net with instuctions. Thanks,Mike
Pillar of the Community
United States
2724 Posts
 Posted 03/25/2005  07:48 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
Mila cent,

There were aluminum cents made in 1974 and again in 1975. The U.S. Mint was concerned about the price of copper and were looking to make the coin in a cheaper metal. After minting a few hundred coins, a few dozen were passed out to the important congressmen and senators. After congress decided not to use aluminum, the Mint officially asked for these coins to be returned. Of course, a few never made it back. According to the U.S. Mint, about a dozen examples are unaccounted for.
These coins are considered property of the U.S. Mint and are illegal to be possessed. You can be arrested and fined if you are found in possession of one.

Note: If these coins were not within the borders of the U.S. ie: Mexico, Canada, and were privately traded with someone that you knew very very well, rumor has it that they bring around 100,000 in cold hard cash.
Pillar of the Community
United States
2724 Posts
Pillar of the Community
SFDukie's Avatar
United States
980 Posts
 Posted 03/25/2005  09:49 am  Show Profile   Bookmark this reply Add SFDukie to your friends list Get a Link to this Reply
quote:
Originally posted by national dealer

Mila cent,

There were aluminum cents made in 1974 and again in 1975. The U.S. Mint was concerned about the price of copper and were looking to make the coin in a cheaper metal. After minting a few hundred coins, a few dozen were passed out to the important congressmen and senators. After congress decided not to use aluminum, the Mint officially asked for these coins to be returned. Of course, a few never made it back. According to the U.S. Mint, about a dozen examples are unaccounted for.
These coins are considered property of the U.S. Mint and are illegal to be possessed. You can be arrested and fined if you are found in possession of one.

Note: If these coins were not within the borders of the U.S. ie: Mexico, Canada, and were privately traded with someone that you knew very very well, rumor has it that they bring around 100,000 in cold hard cash.



Gosh, and they say crime doesn't pay I always watch my spare change around congressmen...
Pillar of the Community
Mila_cent's Avatar
United States
1767 Posts
 Posted 03/25/2005  2:14 pm  Show Profile   Bookmark this reply Add Mila_cent to your friends list Get a Link to this Reply
quote:
Originally posted by national dealer

http://coinfacts.com/small_cents/li...974_cent.htm




Illegal-Coins?
I had no idea. Thanks, ND. I will most certainly look more closely on my small change! Thanks for the link.
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