1974 Lincoln cent,what's it worth?

Discussion in 'What's it Worth' started by Richard gladfelter, Mar 9, 2018.

  1. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    An Au has loss of luster from circulating. And your shows it pretty well. The luster that is present kinda make all the lettering glow, while the high points and fields have a flat gray look to them. That flat grey look is because the luster has been worn away.
     
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  3. Michael K

    Michael K Well-Known Member

    Coinflation is incorrect. The copper in pennies is not Grade A copper which is what the copper quote of around $3 per pound (NOT TROY) is for.
    The copper in Lincoln cents brings 25% of the spot price, with 146 copper cents per pound, copper would have to get to $6 to break even. Anyone who is saving copper cents on the intention of future melting is wasting their time and money. Copper is not getting to $6, (and it would have to get to $8 to make any kind of profit with storage, transportation, etc.) they are just going to sit around with 55 gallon drums of cents and end up getting rid of them at a loss.
     
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