Coin and Paper Money Collecting/1955 Steel Wheat Penny

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Expert: - 2/17/2010


Question
I have a 1955 Steel Wheat Penny that I have had since the 1960's.
I know it is steel because it can be lifted with a magnet. Back on 4/4/07 you received an email from someone else trying to identify a 1955 Steel Wheat Penny.  I am wondering if you were able to determine an origin and value?

Answer
Hi Bill,
there are a few possibilities.  #1, the coin was struck on a foreign coin planchet.
#2, it is plated.  #3, struck on a silver dime planchet.

A true steel cent should weigh 2.7 grams.  Check the weight.

Regards
Joe Hylas
www.AllCoins.US

Coin and Paper Money Collecting

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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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