Most 1974 Lincoln pennies aren't valuable. However these pennies can sell for a premium in uncirculated condition. Keep reading to learn more about these one cent coins.
Specifications
Type: Lincoln Penny
Year: 1974
Face Value: $0.01
Composition: 95% copper, 5% zinc
Total Weight: 3.11 grams
The US minted the 1974 penny with no mint mark and also the 1974 D penny and 1974 S penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series |
Location |
Quantity Minted |
| 1974 |
Philadelphia |
4,232,140,523 |
| 1974 D |
Denver |
4,235,098,000 |
| 1974 S |
San Francisco |
409,426,660 |
Value
Most 1974 pennies in circulated condition are only worth their weight in copper. The current copper melt value for each penny is about $0.029. These coins can only sell for a premium in uncirculated condition.
The 1974 penny with no mint mark and the 1974 D penny are each worth around $0.80 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $4.10.
The 1974 S penny is worth around $0.80 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $8.
Proof coins with the S mint mark are available and they are each valued at around $4.10 in PR 65 condition. There were 2,612,568 proof coins minted.
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Grading System
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red.
PR 65 proof- An attractive coin with only small flaws. A few blemishes or contact marks may be present.
Sources:
The Red Book
See also:
1975 Penny
1973 Penny
1972 Penny