1964 Gold(?) Penny

Discussion in 'US Coins Forum' started by JoeyToyota, Jun 29, 2005.

  1. JoeyToyota

    JoeyToyota New Member

    I found this a couple of years ago and held onto it. Don't know what the story is, but someone told me it was somewhat rare. Someone else told me at was worth, at best, three cents. Can't seem to find anything about it on the web, so I thought I'd post a link to picture here:

    The Coin in Question

    Probably nothing, but I'm curious. Any thoughts?
     
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  3. trantor_3

    trantor_3 New Member

    I'd say someone played with the chemistry box......

    Additional value because of that? nil
     
  4. Speedy

    Speedy Researching Coins Supporter

    I would say that the guy that said 3 cents was a little high---more like 1 cent

    Speedy
     
  5. ozland tiger

    ozland tiger Senior Member

    More common than you think

    In 1970, I electroplated about fifteen pennies at a jewelry store a friend of my father owned. I was facinated by the process.
    All came out beautifully gold, and all were used in change after I lost interest.
    They were 14 K electroplated.
     
  6. The_Cave_Troll

    The_Cave_Troll The Coin Troll

    Speedy, just because you wouldn't pay more than face value for it doesn't mean it has no additional value. these things sell all day long on eBay for a few dollars each ($3-$15 depending on who happens to be sniping at any given time). I agree that they have no numismatic value, but the market has spoken and they DO have some collector value as an oddity. As an aside, I know people who collect Chucky Cheese tokens and others who collect other "worthless"-to-me things, but just because I couldn't care less, doesn't make them truely worthless.

    JoeyToyota-I am making a point to Speedy, but his answer is the correct numismatic answer. To a coin collector, your coin has been permanently damaged and it will never have any value above face value, but...if you would like to take advantage of someone on eBay, then sell it there and you will get a few dollars for it.
     
  7. Speedy

    Speedy Researching Coins Supporter

    Let me re-word my post...

    It had NO value...you might get someone to pay more than 1 cent for it but that doesn't mean that it is worth that.

    You may pay $25 for a gallon of milk but that doesn't mean thats what its worth...it means that you were nuts enough to pay it.

    But your right...I should have said it in another way.
    That is one reason I have never collected errors and things like this...it doesn't make "cents"!! ;--)

    Speedy
     
  8. JoeyToyota

    JoeyToyota New Member

    I suspected as much. Actually, the only reason I even thought it was legit was because someone else I knew had one just like it, date and all. I assumed that meant something. Now I assume it just meant that some guy went around my hometown spending electroplated 1964 pennies to try and confuse people such as myself.

    Anyway, thanks for responding and dashing my hopes and dreams.

    ;)
    (Kidding, of course.)
     
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