Hello readers welcome to the new post. In this post, we will learn 1974 Penny Value, Worth in 2024 | Learn the Value of This Lincoln Penny. The value of the 1974 Lincoln penny in average condition is about one cent and the mint state is about $9.00. They are now common circulation coins. These coins are made with aluminum then copper and can have a value of more than 2 million dollars. In this post, we will cover the value of the 1974 penny in 2024 and find different factors to get its worth. Let’s get started with Introduction to 1974 Penny Value
History of the 1974 Penny
The 1974 penny is part of Lincoln Memorial pennies. Lincoln Memorial pennies were made in 1959 at the 150th anniversary of Lincoln. Before wheat pennies used
The design of the 1959 pennies was made by Frank Gasparro and the Lincoln Memorial was on the back side to celebrate the 150th President’s birthday.
With creation of the 1974 pennies there were prices reduced for striking pennis. So Mint started the aluminum for the creation of coins.
But most people do not accept these aluminum coins and some coin vendors say their production is expensive since needed new vending machines for these coins
With reduction of copper cost, the US Mint made these coins with copper alloy.
The 1974 pennis comes with the highest prices. These coins were made by three mints S, P, and D. The P mint made about 4,232,140,523, and Denver mint made 4,235,098,000 coins.
S mint made about 409,426,660 1974 pennies. S mint also made 2,612,568 proof of 1974 pennies.
The Denver mint made about 1.5 million 1974 aluminum pennies. Currently, 1974 aluminum pennies are not easily found. Some states considered these coins illegal.
1974 Penny Value Chart
| Mint Mark | MS62 | (MS 63) | (MS 65) |
(MS 67)
|
| 1974 No Mint Mark Penny Value | $0.05 | $7 | $18 | 100 |
| 1974 “D” Mint Mark Penny Value | $0.50 | $5 | $15 | 125 |
| 1974 “S” Mint Mark Penny Value | $0.25 to $0.50 | $7 | $24 | $1,100 |
|
1974 No Mint Mark Aluminum Penny Value
|
$162,000 | |||
|
1974 “D” Mint Mark Aluminum Penny Value
|
$250,000 |
1974 Penny Details
- Type: Lincoln Penny
- Year: 1974
- Mint Locations: Philadelphia, San Francisco, and Denver
- Edge: plain
- Diameter: 19mm
- Total Mintage: 8,876,665,183
- Obverse Designer: Victor D. Brenner
- Reverse Designer: Frank Gasparro
- Coin Shape: Round
- Composition: 95% copper, 5% zinc
- Weight: 3.11g
1974 No Mint Mark Penny Value
The P mint made about 4,232,140,523 coins in larger number and their larger make them low-cost coins that are about face value.
The high 1974 P minted coins with super Gem grade uncirculated sold for 100 dollars. The finding of rare coins is not easy. The 1974 P-minted coins sold for $15,390 in a 2019 auction.
1974 D Mint Mark Penny Value
The S mint made 4,235,098,000 1974 pennies and their larger number makes them about face value. These coins in super Gem uncirculated condition have a value of 125 dollars. The high-value D mint sold for 950 dollars with a grade of VF25RD grade specimen on 17th of January 2019.
1974 S Mint Mark Penny Value
San Francisco Mint made 412,039,228 coins in 1974. In superb Gem uncirculated condition, these coins are $550. MS767RD grade coins sold for 2703 dollars in action in 2016.
1974 No Mint Mark Aluminum Penny Value
The owing 1974 Lincoln aluminum penny is illegal. It does not have a mint mark and is only certified for private handles and collectors. These coin’s value range is about $160,000. If now anyone has this penny can sold for 2 million US dollars.
1974 D Mint Mark Aluminum Penny Value
The D Mint also made 1974 Aluminum Lincoln pennies for private use. In 2013 this type of coin became famous for collectors. One sold has a value of about $250,000
| Features | Details |
| Mint Location | Philadelphia |
| Mint Mark | None, D |
| Obverse Designer |
Victor David Brenner
|
| Reverse Designer | Frank Gasparro |
| Dollar Value | $250,000 |
| Face Value | One cent |
| Number of Coins Minted | Unknown |
| Weight | 0.93g |
Did You Know It’s Illegal To Own A 1974 Aluminum Penny?
The US government says it is not legal to have any 1974 aluminum penny. Since the government considered it their property.
How can you tell if you have a 1974 aluminum penny?
In 1974 US mint not make any aluminum penny for circulation. But some aluminum pennies of this year were minted for experimental coins. These coins are not used for circulation and are not officially released.
If anyone has an aluminum penny follow these steps to check that it is real
- Aluminum pennies are less weight than copper pennies. The aluminum penny’s weight is about 0.93 grams and the copper penny has weight about 3.11 grams.
- Aluminum is a non-magnetic material, so a real aluminum penny is not attracted to the magnet. Use magnet to find aluminum pennies.
- Aluminum has a certain sound when dropped on a hard surface. The real aluminum penny produces a high-pitched ping sound when collides to a hard surface and copper produces a duller sound.
What Else Happened When Your 1974 Penny Was Made?
- Due to Watergate issues, President Richard Nixon had to step down from his position
- For the Yom Kipper war, there was a coalition of Arab nations and Israel.
- catastrophic energy issues existed in the USA at that time.
- During that duration, the first Star Wars movie was released
- The first shell was closed in the year which was Dolly,
How much is a 1974 Lincoln Pennyworth?
1974 S US Lincoln Memorial Penny 1 Cent Copper Coin is about $1.99
Most valuable Lincoln Penny’s
| Penny | Value |
|---|---|
| 1944 Steel Lincoln Penny | $375,000 |
| 1958 Double Die Lincoln Penny | $336,000 |
| 1909 VDB Proof Lincoln Penny | $269,000 |
| 1856 Flying Eagle Cent | $173,000 |
How Rare Is A 1974 Penny?
- The 1974 P minted Lincoln pennies made in larger numbers, and their larger number made them less valuable and non-rare and have value about face value.
Read also: How Much Is 1967 Penny Value & Worth in 2024?
How Much Is A 1974 Penny Worth Today?
Full mint state red, MS65 coins have from ten to 20 dollars. The value of 1974 Lincoln penny is some dollars for MS66 red grade. These coins can have between $20 and $30. On the base of the condition can be a higher
1974 Penny Error List
1974 Lincoln Penny Double Die Errors
Double die error comes with a doubling effect on D minted coins’ front side. The doubling effect can seen in the photo of the president, minting year. The reverse side of 1974 has a doubling effect on the pillars and stairs of the Lincoln Memorial. Coin with this error has a value of about 25 dollars.
1974 Penny with a Double-Head Error
The double head is caused during the minting process on coins and has two similar design looks on the front side. In this error, two heads of the president printed on the front side make a unique type of error.
1974 Penny Die Break Error
This error occurred in 1974 S penny and die break can seen on the front side. THough this error comes during circulation. In this error, some part of the coin front or reverse is missing. Due to rarity value of this coin is about 184 dollars.
how much is a 1974 d penny worth
- $100 is worth a 1974 D penny that has doubled die error.
- 1974d penny copper-plated zinc value is 200 dollars
All 1974 aluminum pennies are considered government property and are therefore illegal to own
Yes, that is correct. The USA Mint has stated that all 1974 aluminum pennies are considered government property and are so illegal to own. Since the coins were never authorized for release into circulation.
1974 Penny Features
Obverse
The front side of the 1974 penny comes with a photo of Abraham Lincoln facing right. The mint mark is also on this side below the minting number 1974
With that motto In God We Trust written on this side and LIBERTY also there.
Reverse
The reverse side of the coin has the Lincoln Memorial building. The denomination ONE CENT is also written. The country’s name is UNITED STATES OF AMERICA and the motto E. PLURIBUS. ANUM is also on this side.
1941 Penny Worth Million Dollars
1975 Penny Value (Rare Errors, “D”, “S” and No Mint Mark)
1974 Penny Grading
| Number | Grade |
|---|---|
| 1 | Basal State-1 |
| 2 | Fair |
| 3 | Very Fair |
| 4, 5, 6 | Good |
| 7, 8, 10 | Very Good |
| 12, 15 | Fine |
| 20, 30 | Very Fine |
| 40 | Extremely Fine |
| 50 | About Uncirculated |
| 60 | MS |
| 65 | MS |
| 70 | MS |
What Is The Oldest Penny Ever?
the oldest penny in the world is the Birch Cent of 1792. It was the highest paid in one-cent piece at auction.
FAQS
Is a 1974 S penny rare?
The 1974 S lincoln penny is common in circulated grades up to MS64 condition. MS65 and higher grade are not easy to find and considered as rare.
What is a 1974 penny made of?
This penny was made with aluminum rather than bronze. The use of aluminum over bronze is what makes this coin legendary.
How many 1974 aluminum pennies were made?
These pennies were made with alloys of aluminum and other metal terraces and it used to replace copper and zinc cents due to price increases. There were 1,571,167 coins but not one was used in circulation.
How much is a 1974 D?
1974 D Penny D over D mint mark Double Die Reverse can be of $600.00
How much is a 1974 coin worth?
Eisenhower Dollar from 1974 in the circulated condition is between $1.05 and $1.50. 1974 D Silver Dollars in, uncirculated condition sell for as much as $6400
Is a 1974 penny worth $2 million?
1974 No Mint Mark Aluminum Penny Value can be in uncirculated condition about 2 million US dollars
What is the rare coin from 1974?
1974 Eisenhower Dollars are found graded over MS67 but can be scarce
How much is $1 million in 1974 worth today?
$1,000,000 in 1974 is equal to about $6,360,000 today, an increase of $5,360,000.00 over 50 years
How much is 3 in 1974 worth today?
$3 in 1974 is equivalent to $19.08 today, an increase of $16.08 over 50 years
What is 2 in 1974 worth today?
$2 in 1974 is equivalent in purchasing power to about $12.72 today
How much is 9000 in 1974 worth today?
$9,000 in 1974 is equivalent to $57,240 today
Related: 2005 Kansas Quarter Errors To Look For! Error and Without Errors Value
What 1974 pennies are worth money?
- 1974 aluminum pennies ( rare and valuable)
- 1974 pennies with other errors
- 1974 pennies with off-center strikes
- 1974 pennies with double dies
What is the value of a 1974 red penny?
cost of 1974 D MS 67 RED penny is about $130
What year penny is worth 2 million dollars?
1943-D Lincoln Bronze Wheat Penny has a value of more than $2.3 million
What penny is worth $250000?
1943 Copper Wheat Penny sold for $250,000
How rare is a 1974 S penny?
The 1974 S Lincoln cent is common for circulated grades for MS64 grade. MS65 are difficult to find and MS66 are rare coins less than 200 exist.
How rare is a 1974 D penny?
The 1974 D penny is common. The Mint made more thatn 4.2 billion coins. Circulated grades up to MS66 are common and MS67 is rare
Why is it illegal to own a 1974 aluminum penny?
The US Mint defined that all 1974 aluminum pennies are government property and not be used as legal property. This is due to the coins were never authorized
What year penny is rare?
- 1909-S V.D.B. Lincoln penny
- 1974 aluminum penny
- 1943 copper Lincoln penny
- 1955 double-die Lincoln penny
How can I tell if my 1974 penny is aluminum?
The only method is to differentiate 197 D copper penny from 1974 D aluminum cent is through color identification. Copper cents come in red, reddish-brown, or brown to darkish-brown color based on condition. ALuminum penny are light-weight and silverish in color
What year penny is worth $20000?
1992 Close AM coin in fairly new condition can be about $20,000,
What 1974 penny is worth 2 million dollars?
1974-D aluminum cent, This coin was valued at about $250,000 to $2 million and it is certified MS63 grade
Should the 1974 penny have a mint mark?
yes they have mint mark for mints Sand Francisco and Denver, Philadelphia mint not have a mint mark
How much should a 1974 D aluminum penny weigh?
| value | 0.01 US$ |
| Mass | 0.937 g (0.030 troy oz) |
| Diameter | 19.05 mm (0.750 in) |
| Thickness | 1.55 mm (0.061 in) |
What year is a true copper penny?
| Years | Material | Weight (grains) |
|---|---|---|
| 1795–1857 | 100% copper | 168 grains |
What year penny is worth $200?
The 1909-S V.D.B. Lincoln penny can be $200 or more
What year penny is worth $5000?
1936 Wheat Penny Worth $5,000!
What is the rarest wheat penny?
1943-D Bronze Cent that sold for $840,000
What penny sold for 300k?
1943 Lincoln head cent that is brown can be worth 300k
What penny sold for $ 336,000?
Super rare 1958 penny sells for $336,000. Only three coins exits
What penny sold for $2.5 million?
1792 Birch Cent is one of around 10 coins known to still exist that has a value of 2.5 million dollars
I would love to speak to a professional coin grader in
RE:1974 D steel penny.
Penny is in prestige condition.
Pease only professional coin grader/ authenticators
need reply.
Thank you
David Mitchell