Two Million Dollar 1974 American Penny?? I want one!

ScubaDetector · Mar 18, 2016

https://www.yahoo.com/news/california-man-gives-2-million-aluminum-penny-back-011849701.html

tamrock · Mar 18, 2016

Never heard of this penny before.

kingskid1611 · Mar 18, 2016

So now what should I do with mine?

ScubaDetector · Mar 19, 2016

kingskid1611 said:
So now what should I do with mine?

Send it to me so I can authenticate it. If real I promise to send one back of the same year.

joee5 · Mar 19, 2016

Sheesh. Wish I dig one them up

Sheldon J · Mar 19, 2016

Yeah I'm old and remember the stories of the coin. ..

Bumpstick · Mar 19, 2016

I have one some where I just thought it was a Zinkon that never got plated.

Sheldon J · Mar 20, 2016

Bumpstick said:
I have one some where I just thought it was a Zinkon that never got plated.

If it is a modern coin, then on a rare occasion they do have errors that end up partly or not plated at all and are worth $$$ to people who collect error currency.

bigcaddy64 · Mar 23, 2016

why couldn't they do a similar deal with the govt like they did with the only 1933 $20 King Farouk coin? The govt "monetizes" the coin but it has to be sold and then the proceeds are split between owner and govt.

MadPoetLaw · Mar 23, 2016

bigcaddy64 said:
why couldn't they do a similar deal with the govt like they did with the only 1933 $20 King Farouk coin? The govt "monetizes" the coin but it has to be sold and then the proceeds are split between owner and govt.

The King Farouk coin was legally exported from the USA and was even granted a legal export license by the feds at the time it was taken out of the US. Thus the owners had a legal leg to stand on if the feds wanted to battle it out in the courts. It was "monetized" as part of a settlement to that very lawsuit. This coin however was smuggled out of the mint by an employee and the owners really have no legal hope of winning that one no matter how long ago it happened. There is one more known example out there that was given away by a congressman in the 70's but i dont know it's current situation.