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The 1974 aluminum cent was a one-cent coin proposed by the United States Mint in 1973. It was composed of an alloy of aluminum and trace metals, and it was intended to replace the predominantly copper– zinc cent due to the rising costs of coin production in the traditional bronze alloy.
He later discovered it was actually a 1974-D aluminum penny from the Denver mint. Only 10 were created and it was previously thought that they were all destroyed.
The penny, also known as the cent, is a coin in the United States representing one-hundredth of a dollar.It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance).
On April 24, 1974, the three winning designers were brought to Washington, D.C. After a tour of the White House and meetings with the congressional committees which considered the coin bills, they went to the Treasury Building and received their $5,000 checks from the new Treasury Secretary, William E. Simon , who jokingly asked them if they ...
However, “The position of the United States Mint regarding aluminum one-cent pieces, bearing the year 1974, has been consistent for the nearly three decades since the agency minted them,” the Mint's chief counsel, Daniel P. Shaver, told Coin World soon after ICG's July 1 announcement. “The United States Mint produced these pieces solely ...
The 1972 Doubled Die cent is worth a pretty penny,” said Pearlman, sharing that the Numismatic Guaranty Company Price Guide “estimates the current retail value at $175 in Extremely Fine ...