Error Coin Value Of Us1953 Copper Cent Attached To A Magnet

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Author	Replies: 9 / Views: 2,121
steffano632b New Member United States 2 Posts	Posted 07/13/2012 2:46 pm Goodday Recently, while separating 100s of 1943 steels from amongst 1000s of copper wheat cents with a magnet a curious event occured. One 1953 copper remained attached to the rather powerful magnet being used. Well after many weeks of discussing this occurrence with various experts its come down to wether I should invest in having this coin validated with its costs as opposeed to any value placed on the coin. The coin might be rated at G4 or a little higher. Its a standard 'dirty copper' from that era. I'm sure if it had been allowed to maintain some of its glimmer it might be very appealing coin as there does not seem to be a lot of abuse. My inquiry is to those in the know. Given the facts stated as true, what might this coin be valued at - to date no 'expert' has ever come across this alloy error in a legitimate Wheat cent to their knowledge. Seeking answers. tyvm Report this Post to the Staff

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 07/13/2012 3:09 pm picture and weight? Report this Post to the Staff
kookoox10 Pillar of the Community United States 1054 Posts	Posted 07/13/2012 3:36 pm Get us a weight measure on that coin, they'll usually weigh in at 3.11 grams. Report this Post to the Staff
Maineman750 Pillar of the Community United States 3592 Posts	Posted 07/13/2012 8:51 pm Well, if you have discussed with various experts, I don't understand why you've come here for an answer. Not being a smart aleck, just don't see your logic. Edited by Maineman750 07/13/2012 9:40 pm Report this Post to the Staff
mikediamond Pillar of the Community United States 2737 Posts	Posted 07/13/2012 9:03 pm It could be a Magician's coin. Sometimes a steel pellet (or a magnet) is inserted through the edge and the hole patched up so as to make it invisible. If you go onto magic shop websites, you'll find them for sale. Error coin writer and researcher. Report this Post to the Staff
steffano632b New Member United States 2 Posts	Posted 07/14/2012 09:42 am Tyvm for all the responses. Presently do not have a digital camera for closeup work. Maybe in the future. The coin weighs in at the 3.1 gms somewhat expected. This is a dirty copper likely to be graded in at circa g4. The inquiry being if all the 'factoids' were as described what value might be anticipated so that I might not be wasting the validation costs and not pursue the issue any further. The Magicians coin is a first timer explanation. Though others have cited the coin as a novelty one this genre was not presented. I've done a closeup of the edge and don't see anything that might have been done there. I tested further with the magnet and since I'm no expert on magnetism all I can say is there does not seem to be any difference in how the coin gets drawn to the magnet from different approaches. As to the issue about the experts not wanting to respond to the expected value issue some were not asked, at least one was not forthcoming because of the company he represented not doing such. Others don't believe its a legitimate error coin. Most that did not reply to the issue did not respond at all to my inquiry period for whatever reason. Even the US mint is far in arrears in responding though my inquiry with them did not broach this subject. tyvm again Report this Post to the Staff
Indian1 Pillar of the Community United States 3640 Posts	Posted 07/14/2012 10:12 am Any value cannot be determined at this point. More info would be needed. Due to the condition/grade of the coin no doubt that it would not be a plated steel cent. You would see the steel somewhere showing through on the coin. The 1943 copper was just that, a 1943 copper as well as the 1944 steel was a 1944 steel. Some tests can be done though. A specific gravity test as well as x-rays (if you have the resources) That would be a start. An improper alloy mix is a possibility but to date no others have been found as to my knowledge. Quote: "The Magicians coin is a first timer explanation" Not sure if you meant that the poster is a first timer or the Magicians coin theory was the first timer. The gentleman who replied about it possibly being just that, is one of the top experts in the field of errors. Might be wise to go that route first as these magicians coins do exist. Good luck and keep us posted. Report this Post to the Staff
Maineman750 Pillar of the Community United States 3592 Posts	Posted 07/14/2012 10:47 am Let me give you a simple answer. If the coin were attributed as being genuine, the cost to have it slabbed by a major TPG would be well worth it.If there are no examples known, we could hardly give you an accurate guess at it's value. Report this Post to the Staff
DrDon Pillar of the Community United States 2624 Posts	Posted 07/14/2012 11:11 am I have a suggestion: use a weak magnet attached to a string.Dangle it above the the coin, close but not close enough to pick up the coin.Move it around slowly. If the coin was implanted with a small amount of ferrous material the magnet will draw to the spot as opposed to attracting to the whole coin. Report this Post to the Staff
ihavecoins New Member 24 Posts	Posted 03/16/2013 6:36 pm I also just bought a magnetic 1953 in a lot from someone who had it put aside as magnetic. I have it in hand. Report this Post to the Staff
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