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Replies: 20 / Views: 6,956 |
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Bedrock of the Community
United States
62064 Posts |
LOL. Spell check doesn't work on Photoshop. 'accumulation of' was the correct words. Brain must have been a quart low that day. LOL
Fixed it.
Edited by coop 10/28/2016 9:52 pm
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Pillar of the Community
United States
5964 Posts |
I think it's been plated and that's what the magnet is attracted to.
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Pillar of the Community
United States
3463 Posts |
I missed the part about it being magnetic. It cannot be an unplated cent if it sticks to a magnet. 
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Pillar of the Community
United States
3331 Posts |
What should an unplated CENT weigh?
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Bedrock of the Community
United States
17884 Posts |
The plating weighs .05 grams or a little less, and the Weight Tolerance on the cent is +/- .1 grams. So the tolerance range is four times the weight of the plating.
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Pillar of the Community
United States
3331 Posts |
Quote:The plating weighs .05 grams or a little less, and the Weight Tolerance on the cent is +/- .1 grams. So the tolerance range is four times the weight of the plating Good information - thanks. I just wish it helped with an attribution, but, as you indicated, unfortunately it does not! 
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Pillar of the Community
United States
1027 Posts |
Aside from iron and most steels, the next most magnetic metal is nickel but I doubt that a plating would be enough to allow it to stick to a magnet. It looks to be in great shape with maybe a little softness of strike on the reverse top. There is a very remote possibility that it is a test metal strike that escaped the mint but I would exhaust all other possible explanations first.
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Valued Member
 United States
127 Posts |
There is a weak strike in "states of"...I can pick it up with a refrig magnet but if I just tap the magnet it will fall off...I have a few other obviously plated cents that have no magnetic effect at all.
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Pillar of the Community
United States
3331 Posts |
Quote: There is a very remote possibility that it is a test metal strike that escaped the mint This is an intriguing idea. However, I think that it is not a likely possibility. My reason for thinking this is that the Mint Commissioned an Alternative Metals Study. This was authorized by Public Law 111-302 (the Coin Modernization, Oversight, and Continuity Act of 2010), in which the Secretary of the Treasury was given "authority to conduct research and development on all circulating coins." The final report on this study was submitted to the mint in August 2012. For an experimental metal planchet to be struck in 1999 would be just a bit premature.
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Pillar of the Community
United States
3331 Posts |
Quote: There is a weak strike in "states of" I am thinking that this area is frequently the subject of a weak strike because of the rather heavy bust area on the other side of the coin. Therefore, I am not convinced the weak strike in this area is material to trying to determine anything about what has happened with the coin.
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Pillar of the Community
United States
1027 Posts |
Edited by clairhardesty 10/30/2016 12:38 pm
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Bedrock of the Community
United States
17884 Posts |
Quote: The final report on this study was submitted to the mint in August 2012. The "finl" report said they needed more time to evaluate the possibilities/ The second report in 2014 said there was no metal alloy that would work for the cent. The next report is due out this year. They have spent millions so far trying to find a metal alloy that will allow the cent to cost less than a cent to make when it has a manufacturing cost not including materials of over one cent. In other words they have spent six years and millions of dollars trying to find a metal that has a NEGATIVE cost.
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Pillar of the Community
United States
3331 Posts |
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Pillar of the Community
United States
5964 Posts |
 Exactly! 
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Pillar of the Community
United States
1027 Posts |
I don't even understand why it is so important to attempt to reduce the cost of the cent and nickel. The overall cost of circulating coin production is well below the total face value. So what if a couple line items are in the red. It is like a corporation trying to make each department show a profit when some of them just can't (HR, IT, Marketing, etc,). If the overall cost ever approaches the total face value then rethink the entire product line. Until then stop wasting time and money. Last year the cent & nickel lost $75M and the dime & quarter profited $624M and they lost another $8.5M on damaged and other unsold coins, for a net seigniorage of $541M. The mint had its most profitable year (for circulating coinage) in at least five years making $0.49 on every dollar shipped.
Edited by clairhardesty 11/01/2016 3:15 pm
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