The 1974 D-aluminium cent was a one-cent coin proposed by the United States Mint in 1973. It was composed of an alloy of aluminium and traces metals and its weight, 0.93 gram. The 1974-D Lincoln aluminium cent was returned to the U.S Mint after resolving disagreement between two men and the Mint; later U.S Mint kept the coin on public display in August 2016 at the American Numismatic Association World’s Fair of Money, in Anaheim, Calif.
The U.S. Mint’s director of corporate communications Tom Jurkowsky told Coin World March 18 that Bill Bailey, assistant chief of police of the U.S. Mint, and U.S. Mint Chief Counsel Jean Gentry, took custody of the 1974-D aluminium cent on March 17 in San Diego.
The 1974-D aluminium was cracked out of its professional Coin Grading Service Secure holder, and then the custody was given to U.S Mint officials.
Michael McConnell, owner of La Jolla Coin Shop in La Jolla, Calif., one of the two private claimants to the coin, carefully removed the coin from its grading service holder and kept the coin into plastic capsule in preparation for the coin’s surrender to authorities at a federal building in San Diego.
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According to Todd Imhof, Heritage’s executive vice president told that Heritage was provided legal advice that the 1974-D aluminium cent was legal to own and could be sold at auction.
Randall Lawrence and McConnell received separate letters from the Mint on February 26 2014, requesting return of aluminium cent and Heritage also received letter demanding removal of 1974 D- aluminium from auction.
Lawrence and McConnell replied after receiving letters by filing case but the U.S Mint claimed that the federal employees are not allowed to take away federal property without authorization so 1974 D- aluminium cent belongs to federal property.
However, the piece was removed from the auction by Heritage officials and hold in custody till the case was settled.
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