Coin and Paper Money Collecting/1929 penny

Advertisement


Question
Penny
Penny  
I have a 1929 wheat back penny. It looks like dull silver. It is magnetic and weights what a 1929 penny should way. Any ideas?

Answer
Hi Dan,
if the weight is correct, I have to assume it has a thin plating on it.  But you say it is attracted to a magnet?  That would mean steel.  I guess it is possible it was struck on a steel planchet destined for another coin.

I can't work from the picture, this coin needs physical inspection.  Check it with a magnet again to see if it sticks.  If not, it was plated with probably mercury, silver or zinc.

Regards
Joe Hylas

Coin and Paper Money Collecting

All Answers


Answers by Expert:


Ask Experts

Volunteer


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

©2016 About.com. All rights reserved.