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Which would be worth more: 1964 Peace Dollar or 1974 Aluminum Cent?
ddink
Posts: 2,748
Assuming both were legal to own and were the same grade (say, for the sake of argument, MS66).
I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
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Russ, NCNE
Correction. Both are modern crap, so who cares.
Russ, NCNE
<< <i>I don't know? What will ya give me for it ? >>
5-10..............years.
<< <i>
I don't know, but this looks like a great candidate to replace the Walker on the current SAE.
collectors seeking it. The cent has nearly as much publicity and the advantage of being the only
coin intended for circulation made of aluminum. It would probably get more spirited bidding
but would likely fall well short of the peace dollar.
While the peace dollar would probably bring two or three million the cent might bring anywhere
from half a million to five million. ...and probably toward the low side.
Further, it would be more valuable because it is the older coin (the older a coin is the more valuable it is right?). Further, it would be more valuable because of its face value (100 times more valuable). Further, even if the coins are illegal and thus not capable of private ownership, the dollar would still be more valuable because of its weight and because of its precious metal content (silver vs. copper).
<< <i>(the older a coin is the more valuable it is right?) >>
This one's over 200 years old:
How much can I get for it?
Russ, NCNE
I collect Lincoln cents and I'd still rather have the Peace Dollar. Legal or otherwise.
TorinoCobra71
has confirmed a siting of the peace dollar. so the dollar would win
hands down unless Steward was bidding
The cent? $100K.
roadrunner
<< <i>There are supposedly dozens of those cents still out there >>
Eight to fourteen is the number that most people believe are still extant.
Dave
Spring National Battlefield Coin Show is April 12-13, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
<< <i>This one's over 200 years old:
How much can I get for it?
Russ, NCNE >>
Depends. Is it RARE L@@K FROM ESTATE with you denying knowing anything about it but inferring its rarity through its appearance?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
I'm assuming the Peace Dollar is in silver. Had they made it in clad, it's value would be half or less of an identical silver coin.
roadrunner
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Had the entire mintage of each coin been released, the 64-D dollars would have seen circulation to the extent that 64 Kennedys did (i.e., not much). Most would have been snapped up by collectors and dealers. Of the 300,000+, many would now be certified, and the population in MS66 would be in the thousands. It would be the second lowest mintage of the series, but would have the highest population in BU. $150 in MS63, $400 in 65, $700 in 66, $5000 in 67. Had the full run of aluminum cents been made available to the public after the experiment, they couldn't have been circulated (wouldn't have worked in gumball machines and would probably muck up other counting machines), they'd have had to have been sold as collectibles and would be worth about $6 each today in MS66, $11.50 in MS67.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
<< <i>What's the story for these coins, just for us new kids in town? >>
The 1964-D Peace dollar was minted (over 300,000 were made) but before they could be released, they were melted down. There are rumors that a few escaped the melting pot, but if one appeared publicly it would probably be confiscated. I asked Walter Breen at the 1986 ANA if he thought any were out there and he said yes. What I should have asked him is whether he had seen one himself. People believe that some are out there but of course no one can publicly admit it.
The 1974 aluminum cent was made when the Mint was proposing to change from copper cents. A number of them were handed out to members of Congress and not all were returned. These absolutely do exist (in fact, some board members here got to see one in person a while ago) but the same fear of confiscation exists, so they aren't advertised publicly.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
1974 Aluminum Cent-----the same fear of confiscation exists, so they aren't advertised publicly.
1913 Liberty Nickel-----when they appear they sell for millions................and dominate the front page of numismatic rags and chat rooms.
lovely to see the ol' American double standard at work, ain't it?? ironically, many of the classic coins which receive glittering write ups in the auction catalogs and big bids before the hammer hits are clandestine issues from The Midnight Mint....................and moderns get denigrated, go figure!!!
Worry is the interest you pay on a debt you may not owe.
In the eyes of the law, is a 1964 Peace dollar difference from a 1913 nickel, apart from the passage of more time?
(By the way, I would personally love to own a 1964 Peace dollar, but have little interest in the aluminum cent)
The 74 Aluminum Cent don't do anything for me. Now I would take one if ya forced me to.
As far as value, the Peace Dollar would smoke the Cent.
I would guess around 3 million for a 64 if it popped up.
I like Peace dollars.
I really am curious to know - among US coins that have a questionnable history, how does one determine which ones can be legally owned? Will the 1964 Peace dollar be legal 50 years from now?
How would you apply this to the 1964-D Peace dollar, and the 1974 aluminum cents?
Essentially the mint has decided some are illegal and has said they'll confiscate
them even though others which are more likely illegal are given a free pass. Both
the peace dollar and the aluminum and steel cents (of the same era) are on the
list. There have been few coins that have gotten off the list.
Neither of these coins was ever issued officially, and so therefore neither of them can be owned legally by private citizens.
The same could be said for the 1913 Liberty Nickels, but perhaps the horse was out of the barn for too long before the government might have cared. And perhaps some people with political clout owned them, which made them quasi-legal.
The 1974 cent was not issued, isn't covered by the 1965 Act, hence can not be owned legally. A strong case can be made that any 1964 Peace $1's not returned but issued legally are in fact legal to own, regardless of the adminstration's current interpretation by some backwater legal flunkys in Treasury Solicitor's Office.