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1955 S Gold Plated Magnetic Penny?

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Valued Member

United States
178 Posts
 Posted 01/27/2022  10:43 pm Show Profile   Bookmark this topic Add Dragg to your friends list Get a Link to this Message
I have looked all over the Internet and can not find any company that makes a Gold plated Steel Planchette Penny..and it is the same Diamiter as other wheat pennys.Need information if possible.All company on internet use real pennys for Gold playing. Can this be a possible wrong Planchette Error before it was plated..the penny shows wear on letters A.M of America like it was in circulation before it was plated?


Edited by Dragg
01/28/2022 12:11 am
Pillar of the Community
Canada
2272 Posts
 Posted 01/27/2022  11:23 pm  Show Profile   Bookmark this reply Add silviosi to your friends list Get a Link to this Reply
It is not legitim penny. Take the weight also. In 1955 at San Francisco do not strike steel or other magnetic coins. Your design it is not what was use for the wheat cents.
Edited by silviosi
01/27/2022 11:40 pm
Pillar of the Community
United States
867 Posts
 Posted 01/27/2022  11:30 pm  Show Profile   Bookmark this reply Add flag4 to your friends list Get a Link to this Reply
It appears to be in some type of holder. Is it labeled? Some type of novelty coin maybe?
Valued Member
United States
178 Posts
 Posted 01/28/2022  12:02 am  Show Profile   Bookmark this reply Add Dragg to your friends list Get a Link to this Reply
No It's in a round insert I got from my friend. Not in any graded case
Valued Member
United States
178 Posts
 Posted 01/28/2022  12:04 am  Show Profile   Bookmark this reply Add Dragg to your friends list Get a Link to this Reply
I Actually bought it from Estate Sale in Colorado
Valued Member
United States
178 Posts
 Posted 01/28/2022  12:05 am  Show Profile   Bookmark this reply Add Dragg to your friends list Get a Link to this Reply
It was in cardboard holder? When I received it
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Canada
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 Posted 01/28/2022  12:11 am  Show Profile   Bookmark this reply Add silviosi to your friends list Get a Link to this Reply
Keep your holder for the best one.
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United States
1514 Posts
 Posted 01/28/2022  12:40 am  Show Profile   Check jacrispies's eBay Listings Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
If the plating is thick enough, it can have a magnetic attraction strong enough to hold the coin in place on a magnet. This is considered PMD, and no premium associated with damage like this.
Valued Member
United States
178 Posts
 Posted 01/28/2022  02:03 am  Show Profile   Bookmark this reply Add Dragg to your friends list Get a Link to this Reply
The coin has a chip on the Rim Above liberty showing steel Planchette..and gold is non magnetic
Valued Member
United States
178 Posts
 Posted 01/28/2022  02:05 am  Show Profile   Bookmark this reply Add Dragg to your friends list Get a Link to this Reply
Only silver is slightly magnetic
Pillar of the Community
Canada
2272 Posts
 Posted 01/28/2022  02:46 am  Show Profile   Bookmark this reply Add silviosi to your friends list Get a Link to this Reply
The silver is not magnetic.
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United States
863 Posts
 Posted 01/28/2022  04:36 am  Show Profile   Bookmark this reply Add lcutler to your friends list Get a Link to this Reply
Most likely a layer of nickel under the gold, plating is usually done with layers of different metal, nickel is ferromagnetic. The silver color you are seeing in the chip would be the nickel.
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67590 Posts
 Posted 01/28/2022  08:41 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
The gnomes at Littleton might be the culprits here.
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United States
1667 Posts
 Posted 01/28/2022  10:32 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
it's "gold tone plated" not gold plated and this is why it's magnetic, same type of plating they use to make the gold toned rims for cars.

Just a guess and an opinion, but probably a plating business's sample piece, and it's probably titanium nitride or some other similar material, and a magnetic layer underneath.
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57330 Posts
 Posted 01/28/2022  12:57 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
Probably plated first with Nickel or chrome plating. It will show a slightly magnetic attraction. Not like a steel cent that jumps toward a magnet.
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Valued Member
United States
178 Posts
 Posted 01/28/2022  2:09 pm  Show Profile   Bookmark this reply Add Dragg to your friends list Get a Link to this Reply
This penny does jump towards the magnet
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