1961 Steel Penny find

[DLReese]

I recently started going through a leather pouch with pennies. I ran across this one, 1961 Steel (magnet picks it up), has some rust on one edge, but very clearly stamped. Any idea what it is or its worth?

 

[Barrydang]

Hard to tell but looks like there is something around the rim of the coin probably what the magnet is picking up.

 

[jeff of pa]

1961 steel cent ?

I posted this earlier in the wrong spot. I found a 1961 silver in color 1 cent coin. It does stick to a magnet , so I figure its steel. But up till now had never heard of one this new. Niether did my friends. Probally worth no more than 1 cent , but I found in interesting. Its pretty closed to...

www.treasurenet.com

 

[E-Trac-Ohio]

Very interesting !

 

[RatherBeDigging]

I have a 60s one silvery colored, sticks to stong rare earth magnet. Was in with some coins my dad collected as a kid. I read it was a thing to nickel plate them as science experiments. Nickel the metal is attracted to a magnet field. Or it's a penny struck on wrong planchet? That would be cool and $$$.

 

[jeff of pa]

Looks to me like it Has a ring of Metal (tin Maybe) around it.
Perhaps Maybe originally was on a Loop or inserted in a fob Type Item

 

[jeff of pa]

Find a Small Magnet Put it in the Center, If the Coin Slides to an Edge, I'm Correct. if it sticks to the Monument I'm Wrong

 

[ModernMiner]

Very interesting. I dug a penny the other day that had rust around the edge, but it was a zincoln.
Thanks for the post,
MM

 

[ARC]

There is a 1961 penny struck on a dime planchet error... but this looks not the case.
Interesting ...

 

[TDogger]

I agree that it looks like there is a metal ring around this penny. If that's the case, the diameter should be slightly larger.

 

[ModernMiner]

Here’s the one I dug the other day. I thought it was a Zincoln, but it’s a 1982 which shows as the same composition as yours. First rusty penny I’ve ever dug.
MM

 

[jeff of pa]

Most likely The Rust is From it laying next to rotted tin leached into the ground .
I've found silver like that also;

 

[RatherBeDigging]

I agree that it looks like there is a metal ring around this penny. If that's the case, the diameter should be slightly larger.

So it's bezeled then like those coin necklaces. I wonder why? There's not really any way in it present form to wear it or hanging it from anything.

 

[jeff of pa]

It's a 61 the year Kennedy was inaugurated.
It could have been Inserted in some type of keepsake

 

[l.cutler]

It's in a bezel for sure, these show up on the coin forums all the time. Generally, there was a small tab at the top for suspension but it is very easily broken off.

 

[jeff of pa]

Basically :

1 cent Silvertone for charm, necklace, pendant

Must have been on since 61 for it to be Melted fast

I Don't know if items like This would Have an Extra Bezel to Keep them In

 

[jewelerguy]

steel rim around the penny most likely a magic trick coin

 

[jeff of pa]

possible

 

[BLACKIE555]

Jewelerguy totally right.
It was a magic trick, hide a dime beneath the penny. Present it to the spectator as merely a penny. First you say "hocus pocus". Then wave the mysterious magic block over it (which has a magnet concealed inside) The penny sticks to the bottom of the block exposing the dime beneath.... and you just turned a penny into a dime and amazed your friends. Tah dah! Until you accidentally lose the special penny. Lol.
The magic box had a little square of felt attached so one couldn't hear the penny "click" as it was picked up by the magnet.

 

[PetesPockets55]

Absolutely agree there's definitely a bezel around the perimeter.
If it has a "silver" color also, it has probably been plated.