The History of the 1 Cent Coin – 1973-P Lincoln Cent
If you want to find out more about the history of the 1 cent coin, you can read this article. You’ll learn about the coins’ size and how they were minted. The 1973 1c coins have been around for 17 years. Now, they’re being replaced with a smaller version. This article is for informational purposes only. For more information about the coins of the 1970s, please visit our coin facts page. This article is based on information from a variety of sources and does not constitute legal advice.
Despite its size, the coin’s design has changed several times. The original design featured a portrait of Abraham Lincoln surrounded by wheat stalks, but the one-cent coin was soon replaced by the Lincoln Memorial. The design was updated in 1958 to commemorate the 150th anniversary of Abraham Lincoln’s birth, and remained in use until 2008. Until 2009, the coin was minted in bronze and copper-plated zinc, but it still remained in circulation.
Also Read:The History of the 1 Cent Coin – 1973-P Lincoln Cent
Barbados uses its own coin. The island was the first to mint a one-cent coin. The country has no official mint, and the production of the coin was outsourced to various foreign mints. The Franklin Mint in the United States and the Royal Canadian Mint in the United Kingdom produced the coins. This process helped the island’s economy. This was done so that the island could have its own coinage, and that it would still have a stable currency.
The 1973-P Lincoln Cent is extremely common. The U.S. Mint struck over 3.7 billion examples for circulation. Finding an MS65 condition example is easy. Finding one in MS66 is a bit harder. Anything graded higher is very rare. You can also find circulated coins through your local coin dealer. There are many online resources for finding coins of this year. So, don’t forget to check with a local coin dealer if you have any questions.
Copper costs increased significantly in 1973, and the face value of the penny was lowered to match the cost. This situation resulted in a process known as seigniorage. In order to combat the problem, the U.S. Mint decided to use an alloy of 96% aluminum. Not only was the alloy less expensive, it was also more durable, and it took less of a toll on dies. This made the production of the 1 cent 1973 a cheaper alternative to copper.
A nice-looking 1973-S proof penny graded by the Professional Coin Grading Service is worth $1. But don’t expect to get rich off this coin. Even though it’s not valuable, its sentimental value will make it a good keepsake. You might be surprised at the value you can get from a 1973 Lincoln Penny. This coin was issued in a year when the country was experiencing major events, such as the 1973 election.
A 1973 Penny graded MSP is considered Mint State Premium Quality. It has excellent luster and no obvious contact marks. It has original luster, which adds to its appeal. If it’s 50% off center, it will fetch a premium of $10 to $20. The more expensive coins can fetch as much as $100. This is because of the human error that was involved when the U.S. Mint coiners were punching the mintmark onto the dies.
A rare specimen of the 1973/4 Canadian penny is also worth much more than the usual $1.25. However, it’s best to look for an original 1973 cent in good condition. These coins are very rare and can fetch thousands of dollars at auction. If you find one, be sure to return it to the government. You might even be surprised by the price. If you buy it online, you’ll be able to get a little more for it than what you originally paid.
Despite being rare, these coins are still worth investing in. There’s no shortage of collectors’ items in the market. Even if you’re unable to buy a doubled die 1973, you can still get some great deals. The value of doubled die pennies depends on how much of the design was duplicated. Some doubled die pennies in the 1970s can fetch up to $100, depending on their condition.
