I have seen all the posts online about how to get a 1988 penny to look like steel/silver. I have a 1988 penny that looks looks like my 1943 steel proof. It sounds just like it and sticks to a magnet just like it. How can I find out how it could have gotten minted and if has a value?
Noticed that in the photo. Looks a little darker and not as shiny as the proof set. Any thoughts on what it could be? I noticed that no coins were minted for other countries in 1988. The magnet thing throws me off.
1) The 1943 steel cents do not exist as proofs. If you have a 1943 with a glossy surface, it has been polished or replated. 2) The US Mint has not used any magnetic planchets since the 1943 steel cents. The most likely explanation is that your coin has been plated with nickel(pure nickel is ferromagnetic). Check the weight to confirm, if it is around the normal weight of 3.1 grams then it has been plated.
You say it sticks to a magnet like the 43's. Does it "stick" or does it jump to the magnet? Most likely it just "sticks" and is slightly magnetic. This is caused by a heavy nickel plating. Pure nickel is magnetic and the plating will make it stick to the magnet, but there isn't enough of mass of nickel to jump to the magnet and carry the weight of the rest of the coin along with it.
Upstate that is very true. I never understood why people get all upset when someone new has a question about something like that. Posts like that just serve to drive people away. Everyone on here was new to numismatics at some point and we should make it a point of honor to be the place they come to ask for advice and not be insulting about it.