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Replies: 40 / Views: 1,297 |
Valued Member
United States
180 Posts |
Edited by Dragg 01/28/2022 12:11 am
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Pillar of the Community
Canada
2319 Posts |
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
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Pillar of the Community
United States
867 Posts |
It appears to be in some type of holder. Is it labeled? Some type of novelty coin maybe?
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Valued Member
United States
180 Posts |
No It's in a round insert I got from my friend. Not in any graded case
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Valued Member
United States
180 Posts |
I Actually bought it from Estate Sale in Colorado
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Valued Member
United States
180 Posts |
It was in cardboard holder? When I received it
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Pillar of the Community
Canada
2319 Posts |
Keep your holder for the best one.
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Pillar of the Community
United States
1536 Posts |
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.
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Valued Member
United States
180 Posts |
The coin has a chip on the Rim Above liberty showing steel Planchette..and gold is non magnetic
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Valued Member
United States
180 Posts |
Only silver is slightly magnetic
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Pillar of the Community
Canada
2319 Posts |
The silver is not magnetic.
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Pillar of the Community
United States
867 Posts |
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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Bedrock of the Community

United States
67803 Posts |
The gnomes at Littleton might be the culprits here.
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Pillar of the Community
United States
1667 Posts |
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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Bedrock of the Community

United States
57472 Posts |
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
180 Posts |
This penny does jump towards the magnet
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Replies: 40 / Views: 1,297 |
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