The US 1874 Cent coin, designed by James B. Longacre, was minted during a period of economic recovery following the Panic of 1873. The coin features Libertys head, symbolizing national resilience. Struck in bronze, the 1874 Cent represented a shift from copper due to the rising cost of copper and the need for more cost-effective materials.
In 1874, the U.S. economy was still recovering from the Depression, and the 1874 Cent played a role in stabilizing the currency system. Its design and bronze composition helped address the economic challenges while offering a durable, affordable coin to the American public during a difficult period.