A 1974-S Lincoln Cent is generally not rare for most collectors, especially in circulated condition or lower uncirculated grades. Its rarity significantly increases only in exceptionally high, uncirculated grades.
Understanding 1974-S Penny Rarity by Grade
The commonality of the 1974-S penny varies dramatically depending on its condition, or "grade." While millions were minted, very few have survived in pristine, top-tier uncirculated states.
- Common Grades (Circulated to MS64): The 1974-S Lincoln Cent is considered common in circulated conditions and even in uncirculated grades up to MS64 (Mint State 64). These can often be found without much difficulty, sometimes even in rolls or older collections.
- Moderately Difficult (MS65): Finding a 1974-S penny in MS65 condition becomes a bit more challenging. While not extremely rare, it requires more diligent searching, often by sifting through original mint sets or large quantities of uncirculated rolls.
- Rare and Underrated (MS66 and Higher): The true rarity of the 1974-S penny emerges at the MS66 grade and above. Coins graded MS66 or better are genuinely scarce. Fewer than 200 examples have been professionally graded at MS66 or higher, making them highly sought after by advanced collectors.
Here's a breakdown of the 1974-S Lincoln Cent's rarity based on its condition:
Condition Grade | Rarity Level | Collector Implications |
---|---|---|
Circulated | Very Common | Readily available, typically low value above face. |
Uncirculated (MS60-MS64) | Common | Accessible for most collectors, often found in original rolls or sets. |
Uncirculated (MS65) | Moderately Scarce | Requires dedicated searching; a more desirable collector's item. |
Uncirculated (MS66+) | Rare/Underrated | Extremely difficult to find; highly valued by serious collectors and numismatists. |
For most casual collectors, a 1974-S penny found in pocket change or a typical collection will not be rare. However, for those pursuing top-grade examples, the 1974-S can indeed be a challenging and rewarding find.