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It's the date that it became legal to own gold again after 40 some years.

It was a publicity thing from the government to commemorate the legal right to own gold. See this YouTube video: http://www.youtube.com/watch?v=QssI_rTmQLs

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Q: Why do I have 1975 penny with 12-31-74 stamped on it?
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1975 penny with 12311974 stamped on it how much is it worth?

Take it to a collector


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1975 penny that has been stamped over the date was 12-31-74?

It's an ordinary 1975 cent that a private organization overpunched and handed out to celebrate the law that allowed private gold ownership. It has no extra value to collectors, though.


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