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1999-Lincoln Cent...no Copper Appearance

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Bedrock of the Community
United States
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 Posted 10/28/2016  9:33 pm  Show Profile   Bookmark this reply Add coop to your friends list
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
Pillar of the Community
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 Posted 10/28/2016  11:22 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list
I think it's been plated and that's what the magnet is attracted to.
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 Posted 10/29/2016  12:03 am  Show Profile   Bookmark this reply Add cwb to your friends list
I missed the part about it being magnetic. It cannot be an unplated cent if it sticks to a magnet.
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 Posted 10/29/2016  04:41 am  Show Profile   Bookmark this reply Add Pete2226 to your friends list
What should an unplated CENT weigh?
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 Posted 10/29/2016  08:51 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
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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 Posted 10/29/2016  09:18 am  Show Profile   Bookmark this reply Add Pete2226 to your friends list

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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 Posted 10/29/2016  11:25 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
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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 Posted 10/30/2016  08:00 am  Show Profile   Bookmark this reply Add cheifbrody to your friends list
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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 Posted 10/30/2016  08:14 am  Show Profile   Bookmark this reply Add Pete2226 to your friends list

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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 Posted 10/30/2016  08:17 am  Show Profile   Bookmark this reply Add Pete2226 to your friends list

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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 Posted 10/30/2016  12:34 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
I thought 1999 might be little early for alternative metals. Public Law 111-302 actually requires biennial research into new coin programs and another report was issued in December 2014 and another one should be published this year.

Both the 2012 and 2014 reports are available at https://www.usmint.gov/about_the_mi...ecialreports

Also, every mint annual report since 2001 can be obtained at https://www.usmint.gov/about_the_mi...nnual_report
Edited by clairhardesty
10/30/2016 12:38 pm
Bedrock of the Community
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 Posted 10/31/2016  09:57 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

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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 Posted 10/31/2016  09:59 am  Show Profile   Bookmark this reply Add Pete2226 to your friends list

Quote:
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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 Posted 10/31/2016  2:59 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list
Exactly!
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 Posted 11/01/2016  3:14 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list
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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