The only silver penny struck in 1896 was Maundy, and it looks different and it would be of much smaller size. I think someone did a chemical experiment on your penny, something like a silver wash or a mercury rub ...
i have several british pennies from the same time period that look exactly like this EXCEPT mine are copper/bronze (w/e they used). but as svslav said, it looks like a chemical experiment or something..the size of the coin is right, just not the metal coating.
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