16d Posted July 6, 2005 Report Share Posted July 6, 2005 http://www.icgcoin.com/p050701.htm Quote Link to comment Share on other sites More sharing options...
papadoc Posted July 6, 2005 Report Share Posted July 6, 2005 interesting.. Quote Link to comment Share on other sites More sharing options...
BiggAndyy Posted July 6, 2005 Report Share Posted July 6, 2005 I wonder if the Secret Service has okayed the ownership of this piece. If they went after the Gaudens why not the 74 Cent? If was never issued by the mint and they were supposed to be collected and melted. Quote Link to comment Share on other sites More sharing options...
Capt-AWACS Posted July 6, 2005 Report Share Posted July 6, 2005 wow! The story seems plausible. The US Government's reaction will be interesting, since the mint did originally give the specimans to congress. I say let them keep it! My first guess at an auction price- $2-2.5 million. Now for the 64 Peace dollars... Ciao, and Hook 'em Horns, Capt-AWACS, Forum alpha breeder male Quote Link to comment Share on other sites More sharing options...
Metalman Posted July 6, 2005 Report Share Posted July 6, 2005 I would expect to see a challenge and then a settlement, Just like the 1933 Gaudens,, Uncle is a reasonable person and willing to make things ok, after all!! The coin will be made legitimate!! it wont be cheap !!! but it will happen!! Rick Quote Link to comment Share on other sites More sharing options...
Tiffibunny Posted July 6, 2005 Report Share Posted July 6, 2005 That's really neat. Quote Link to comment Share on other sites More sharing options...
joanjet Posted July 6, 2005 Report Share Posted July 6, 2005 Very interesting - I never knew about the aluminum cents. Thanks. Quote Link to comment Share on other sites More sharing options...
BiggAndyy Posted July 6, 2005 Report Share Posted July 6, 2005 Capt AWACS is right, that only leaves the 64 Peace Dollar to surface and all of the Modern US Mythical Coins will have been realized. Quote Link to comment Share on other sites More sharing options...
papadoc Posted July 6, 2005 Report Share Posted July 6, 2005 i guess time magazine or something like newsweek or whatever had a picture of a 1967 D lincoln on the cover in 1967.... i never found out if it ever existed or not.... i vaguely remember hearing about this '74.. but not really, so i'll just say it's news to me all kinds of good stuff hitting the news lately.. did i hear about a 1963 kennedy once upon a time.... :shrug: i wish i had a roll of aluminum 1974 pennies... Quote Link to comment Share on other sites More sharing options...
papadoc Posted July 6, 2005 Report Share Posted July 6, 2005 how do you think ICG convinced him to go through them... or why did he contact them... i wonder Quote Link to comment Share on other sites More sharing options...
BiggAndyy Posted July 6, 2005 Report Share Posted July 6, 2005 Probably PCGS and NGC did not want to touch it with a ten foot sonic welder. It does not have the glamour of the 33 Gaudens and may still be confiscated by the SS. I guess they thought it would have more downside than upside potential and with the Ohio Coin Fund scam still fresh in the mind of the public this would be an instance of "bad press". Quote Link to comment Share on other sites More sharing options...
Ætheling Posted July 6, 2005 Report Share Posted July 6, 2005 Well Al cents are a new one on me... Why the metal change? Was it to see if they could produce them more cheaply? But they figured Zincolns were better? I never used to like Al coins but i've got to say i've warmed up to them alot recently ever since i branched out into German coins, with a hint of lustre they look kinda alright and they seem to wear alright. The weight of the coins seems to be their downside though. Although they deal with corrosion better than Cu based coins, which have a habit of turning nasty shades of furry green in the wrong conditions. Quote Link to comment Share on other sites More sharing options...
BiggAndyy Posted July 6, 2005 Report Share Posted July 6, 2005 From wikipedia: During the early 1970s the price of copper rose to a point where the penny almost contained one cent's worth of copper. This led the Mint to test alternate metals, including aluminum and bronze-clad steel. Aluminum was chosen, and over 1.5 million of these were struck and ready for public release before ultimately being rejected. About a dozen aluminum cents are believed to still be in the hands of collectors, although they are now considered illegal, and are subject to seizure by the Secret Service. One aluminum cent was donated to the Smithsonian Institution. The price of copper later returned to profitable levels, so that the Mint would not need to change the cent's composition until 1982. Quote Link to comment Share on other sites More sharing options...
Tiffibunny Posted July 6, 2005 Report Share Posted July 6, 2005 God forbid a cent was almost actually worth a cent! ! Quote Link to comment Share on other sites More sharing options...
Ætheling Posted July 6, 2005 Report Share Posted July 6, 2005 These days it's all about profit... Quote Link to comment Share on other sites More sharing options...
Burks Posted July 6, 2005 Report Share Posted July 6, 2005 Very interesting. If I had a coin like that I wouldn't know what to do. Quote Link to comment Share on other sites More sharing options...
28Plain Posted July 6, 2005 Report Share Posted July 6, 2005 Wow, that coin is the ultimate loser in my book: 1. Struck in beer can material 2. Abe Lincoln on the obverse Those are two irredeemable demerits, then strike three is: 3. Slabbed It's outta here. ;-) Quote Link to comment Share on other sites More sharing options...
Ætheling Posted July 6, 2005 Report Share Posted July 6, 2005 Number 3) ! How could i have been so stupid? Slabbed... Quote Link to comment Share on other sites More sharing options...
GDJMSP Posted July 7, 2005 Report Share Posted July 7, 2005 Probably PCGS and NGC did not want to touch it with a ten foot sonic welder. It does not have the glamour of the 33 Gaudens and may still be confiscated by the SS. I guess they thought it would have more downside than upside potential and with the Ohio Coin Fund scam still fresh in the mind of the public this would be an instance of "bad press". NGC and PCGS both have stated plainly that they would be more than happy to certify these coins or any others of questionable legality. Quote Link to comment Share on other sites More sharing options...
BooYah Posted July 7, 2005 Report Share Posted July 7, 2005 WoW...thats really neat Quote Link to comment Share on other sites More sharing options...
syzygy Posted July 7, 2005 Report Share Posted July 7, 2005 These days it's all about profit... Not saying it's not about profit, but if the cent contained more than one cent of copper it would not circulate for long - the aluminum cents might have made good sense Quote Link to comment Share on other sites More sharing options...
Mediccoin Posted July 7, 2005 Report Share Posted July 7, 2005 Wow, That will be an interesting story to follow. Quote Link to comment Share on other sites More sharing options...
gpnyc Posted July 7, 2005 Report Share Posted July 7, 2005 With 1.5 million made, I'll bet there's more than 12 examples out there. Quote Link to comment Share on other sites More sharing options...
BiggAndyy Posted July 7, 2005 Report Share Posted July 7, 2005 Only a couple of dozen ever left the mint as demos to the congressmen on the committies involved in the process. The rest were left in the mint. I wonder if any of them wound up in local Bordellos the way the Stellas did Quote Link to comment Share on other sites More sharing options...
gxseries Posted July 7, 2005 Report Share Posted July 7, 2005 Not saying it's not about profit, but if the cent contained more than one cent of copper it would not circulate for long - the aluminum cents might have made good sense Most definately for sure; but you know, silver quarters and dimes still circulate in the US, after how long they have been gone. But most certainly aluminum pennies would have been really interesting. There are not too many countries that still mint aluminum coins, except poorer nations that are stripped out of all sorts of metals. Quote Link to comment Share on other sites More sharing options...
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