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 Replies: 59 / Views: 24,992 |
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Moderator
 United States
56855 Posts |
If it did miss the copper plating it would not stick to a magnet. Being 2.9G makes me think it was plated with something magnetic and it looks to shiny,like it has been plated.What is the diameter? It looks bigger then normal. John1  |
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Pillar of the Community
United States
2738 Posts |
The coin looks suspicious to me for reasons that have already been raised. The abnormally wide rim and oddly reflective luster do not inspire confidence. Is the magnetic attraction slight or strong? If slight, it's probably nickel-plated.
Error coin writer and researcher.
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New Member
 United States
20 Posts |
Hit another coin shop who were great folks.The shop owner advised me to send it off and have it graded. Had both weighed again on his scale both weighed in at 2.8 his scale looked a lot more solid than the first scale. His opinion was the that it was stamped on a foreign coin at the mint by acident.
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Bedrock of the Community
United States
17884 Posts |
Considering the mint has not struck coins for other countries since 1984 (except the 2000 Iceland 1000 Kroner) that is unlikely.
As Mike Diamond says it is too heavy, and a heavy nickel plating is a possiblity. IS it weakly magnetic or strongly magnetic? (Does it "jump" to the magnet, or does the magnet just pick it up?)
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New Member
United States
20 Posts |
Had the shop owner play around with both and a magnet he said they were equally magnetic he also used a heavier magnet. I'm clueless he said if I send it in for grading they could figure out what it is. I have had 2 dealers nown tell me it isn't plated so I have no Idea
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Moderator
United States
54282 Posts |
Why are you and the coin dealers ignoring the fact that the subject coin does not match a genuine Lincoln Cent from 1992? You can speculate all day about it being struck on some magnetic planchet, but it wasn't done by the U.S. Mint. Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
United States
2738 Posts |
It doesn't appear to be a broadstrike, yet at the same time appears to be wider than a normal cent. That's impossible, unless this is also a "wide collar" error. Since wide collar errors are exceedingly rare, I think we can discount this possibility. Since you report that the coin adheres to a magnet as strongly as a 1943 steel cent, this is probably a counterfeit strike on a counterfeit planchet.
Contrary to what others have said, it is possible to find off-metal and wrong planchet errors that do not correspond to anything the Mint was striking for this or any other country. These "orphan" off-metals appear in many years, although I'm not aware of any from 1992.
Error coin writer and researcher.
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Pillar of the Community
United States
2589 Posts |
I have examples of modern circulating dimes and quarters that are magnetic, so I imagine its possible there could be Counterfeit circulating cents, though I don't know why one would make them given the cost of production...
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New Member
United States
20 Posts |
Took it to a third shop this time the owner said it's just a standard penny that didn't get its coat. He told me the value is $25 and said that Zinc will stick to a magnet. He said send in and get it graded worst case scenario is I pay $35 for a $25 penny. I'll keep you all posted and thanks for all the info
Edited by RickL74
06/15/2016 5:11 pm
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Pillar of the Community
 United States
5828 Posts |
Send it in.
Zinc isn't part of the iron triad (iron, cobalt, and nickel), so therefore it is not naturally magnetic
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Pillar of the Community
United States
4963 Posts |
Quote:
said that Zinc will stick to a magnet. Not true. |
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Pillar of the Community
United States
2738 Posts |
You can find Magician's coins that are attracted to a magnet or to ferro-magnetic metals. A discoidal or cylindrical plug of metal (or similar-shaped magnet) is inserted through the coin's edge after an appropriate-sized incision or hole has been made in the edge. Then the incision/hole is sealed up to make the alteration nearly imperceptible. You can order these from online magic shops. Error coin writer and researcher.
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Pillar of the Community
United States
2189 Posts |
Quote:
Zinc will stick to a magnet. Definitely not true |
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Valued Member
United States
131 Posts |
Something is fishy here. The more and more this magnetic stuff is absolutely wrong, the more I think this coin is possibly a counterfeit. Zinc does not stick to a magnet.
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Bedrock of the Community
United States
17884 Posts |
I said it was unlikely to be on a foreign planchet not impossible. The planchets were supplied by an outside firm and if they are making planchets for another customer there IS the chance that one of the other companies planchets could get mixed in with the US Mint order.
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Replies: 59 / Views: 24,992 |
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Posted 06/15/2016 1:49 pm
