ICG certifies first 1974 aluminum cent

CoastGuard · July 5, 2005 12:55PM

News release on the ICG website gives good picture of a very rare coin. Go to www.icgcoin.com
What do you think this coin will sell or auction for?

RobJ · July 5, 2005 12:57PM

I bet it was a MS70

mozeppa · July 5, 2005 1:03PM

nope...au-58

wonder if the dept of treasury is hot to get this one back?

cladking · July 5, 2005 1:05PM

It's probably the one that was given to the security guard and they already
have an official opinion.

CoastGuard · July 5, 2005 1:06PM

Rob, it was handled by the owner and showed to people as a curiosity. It was graded perfectly!

Weiss · July 5, 2005 1:10PM

Image of the coin:

And a link to the story

My apologies to CU if a link from CU to ICG is not acceptable

DickyBetz · July 5, 2005 1:10PM

I read the article they have for it. It is actually a really cool story.

NumisOxide · July 5, 2005 1:25PM

A very interesting coin and great story.

poorguy · July 5, 2005 1:28PM

Really cool.

ER · July 5, 2005 1:29PM

So, it was never actually monetized? If so, why is it legal to own?

mrdq · July 5, 2005 1:30PM

SPELLING ERRORS bleh can't be a reputable business if you can't spell the damn words

Weiss · July 5, 2005 1:31PM

<< So, it was never actually monetized? If so, why is it legal to own?

>>

Were Stellas ever monitized? The article says they were handed out to congress. Same deal, isn't it?

Coinosaurus · July 5, 2005 1:33PM

<< So, it was never actually monetized? If so, why is it legal to own?

>>

Methinks the feds are watching closely.

ER · July 5, 2005 1:37PM

Yeah, another drawn out legal battle, and another million dollar coin. I really think it's good for the hobby.

fivecents · July 5, 2005 1:39PM

That is one Kewl coin.

How long will it stay in the ICG holder before it gets crossed over to NGC or PCGS?

cladking · July 5, 2005 1:42PM

It will be interesting to see how much this goes for. There was a long thread on the
topic just recently and I suspect a lot of the guesses were way low.

This is a cool coin and sure to excite interest in the 1974 small and large date coins.

here's the link, I hope.

dbldie55 · July 5, 2005 1:46PM

This coin will not bring one bit of interest to 1974 copper cents.

cladking · July 5, 2005 1:56PM

The dies were reworked in 1974 in order to facilitate the coining of aluminum
issues. For some reason these different varieties just never really caught on
with collectors. They suffer from being fairly common yet still don't appear in
the mint sets. While all are common they are not common in high grades. It
seems improbable that the cause of the varieties can get national attention
while the results continue to be almost completely ignored and unrecognized.

LincolnCentMan · July 5, 2005 2:01PM

What do you think this coin will sell or auction for?

Probably nothing... the feds are bound to seize it.

David

cladking · July 5, 2005 2:03PM

<< What do you think this coin will sell or auction for?

Probably nothing... the feds are bound to seize it.

David >>

The feds have known of the existence of this coin for at least twenty years and have
made no move on it.

We'll see.

tradedollarnut · July 5, 2005 2:07PM

and another million dollar coin

Not even close to being such.

Shamika · July 5, 2005 2:15PM

I wonder where the Secret Service is?

Somebody better fly that thing somewhere safe.

fivecents · July 5, 2005 2:19PM

<< Somebody better fly that thing somewhere safe. >>

Yeah like to another country.

Wekar · July 5, 2005 2:30PM

<< aluminum trail pieces >>

wonder which trail this was found on?

XpipedreamR · July 5, 2005 2:39PM

I'll hold out for an MS66.

Myqqy · July 5, 2005 3:20PM

Cool coin, and cool story!!

beep · July 5, 2005 3:28PM

Great find

ICG Aluminum

PerryHall · July 5, 2005 5:13PM

With the global war on terrorism, do you really think the feds are concerned with a small aluminum coin? I sure doubt it.

ksteelheader · July 5, 2005 6:48PM

And to think that when I provided pictures of one on here two years ago it met with a lot of non-believers!!

Atlantic · July 5, 2005 7:32PM

Great story, thanks for sharing

LeeG · July 5, 2005 9:29PM

<< SPELLING ERRORS bleh can't be a reputable business if you can't spell the damn words. >>

"TOVEN SPECIMAN" ?????

Not good for ICG!

Steve27 · July 5, 2005 9:50PM

" With the global war on terrorism, do you really think the feds are concerned with a small aluminum coin? I sure doubt it."

Never underestimate the stupidity of the Federal Government.

KingAlanI · July 5, 2005 10:36PM

<< What do you think this coin will sell or auction for?

Probably nothing... the feds are bound to seize it.

David >>

Why would they do that?!

Barry · July 5, 2005 10:40PM

I wonder if this will prompt more to come out of the woodwork...

keets · July 5, 2005 10:57PM

hey Lee and Tom

what's the "spelling error" on the slab that you're wetting your pants about??

if you look at the CW article it clearly shows that the coin was submitted by the Toven family. i assume you're thinking it should read Token Specimen but it's correct as printed----i think.

we've discussed this coin before as Ben said, back when he posted about it at a Baltimore or Michael Dixon sponsored show. it's probably more interesting with the intrigue surrounding it associated with the IRS and Secret Service than just as a holdered coin. i'd think it would be more valuable as a Pattern than as a Lincoln Cent to a specialized collector.

STEWARTBLAYNUMIS · July 5, 2005 11:22PM

Keets - It is most valuable to a Lincoln cent Pattern collector.

And That Is Me !!!!

Stewart

TorinoCobra71 · July 6, 2005 12:00AM

The Govt might get it before it gets to auction! The story at the ICG website is good!

TorinoCobra71

TorinoCobra71 · July 6, 2005 12:02AM

<< " With the global war on terrorism, do you really think the feds are concerned with a small aluminum coin? I sure doubt it."

Never underestimate the stupidity of the Federal Government. >>

HAHAHAHAHAHAHAHA Thanks for the Laugh! That IS SO TRUE!!!

TorinoCobra71'

flaminio · July 6, 2005 12:03AM

You bunch of freakin' kool-aid drinkers. This is one of the more important numismatic items to hit the open market in a long time, and all you kvetch about are spelling errors on a web site (which I believe have since been corrected). If this had been sent to PCGS, you'd all be crowing about how awesome it is and how wonderful HRH and PCGS are. Suck it up, fellas -- the other guy got this one.

I wonder if Cammie got his hot little hands on this. Maybe he'll post a "story behind the story" for us. Probably not, tho' -- I imagine there's still a lot of secrecy around it.

cladking · July 6, 2005 12:07AM

<< Keets - It is most valuable to a Lincoln cent Pattern collector.

And That Is Me !!!!

Stewart >>

Probably.

But my estimate of value assumes that it gets the attention of at least one of the many very avid
and well-heeled Lincoln collectors. I still think the price could surprise.

Even a type collector could get interested.

ss350camaro · July 6, 2005 12:09AM

<< 

<< SPELLING ERRORS bleh can't be a reputable business if you can't spell the damn words. >>

"TOVEN SPECIMAN" ?????

Not good for ICG! >>

?????

ICG spelled it correctly.............your spelling is incorrect.

TOVEN SPECIMEN

ddink · July 6, 2005 12:29AM

<< the other guy got this one. >>

Wonder how much they paid for the privilege

(Ya'll don't be so naive!)

ziggy29 · July 6, 2005 12:47AM

I wonder if the owners are hoping to cut a similar sweetheart deal out-of-court as the previous owners of Farouk '33 Saint got.

eyoung429 · July 6, 2005 12:52AM

I can just see the Ebay trail now for rolls of '74 cents..

One roll of 1974 cents, you may be the next one to find another of the rare aluminum strike coins!!! BIN $20,000

mgoodm3 · July 6, 2005 12:56AM

Will be interesting to see how it all turns out.

PhillyJoe · July 6, 2005 12:57AM

Neat coin and story.

The opposition to aluminum cents by vending machine owners is laughable. When was the last time you put a penny in a vending machine?

Joe

ziggy29 · July 6, 2005 1:01AM

<< Neat coin and story.

The opposition to aluminum cents by vending machine owners is laughable. When was the last time you put a penny in a vending machine? >>

When was the last time you've seen a vending machine that accepted them?

anablep · July 6, 2005 1:06AM

Most vending machines today take dollar bills. I don't want to hear about those companies and how they dictate our coinage anymore. Just rediculous.

PhillyJoe · July 6, 2005 1:08AM

<< Neat coin and story.

The opposition to aluminum cents by vending machine owners is laughable. When was the last time you put a penny in a vending machine?

Joe >>

Possibly postage machines.

flaminio · July 6, 2005 1:09AM

<< When was the last time you've seen a vending machine that accepted them? >>

A couple years back I found a parking meter that accepted pennies. I unloaded a bucketload of pennies and got about two hours of parking time for it

.

morgannut2 · July 6, 2005 1:13AM

They still have slot machines in Vegas that take pennys--don't laugh, the beer is free!!

ICG certifies first 1974 aluminum cent

Comments

Leave a Comment