You should be okay. Read the description carefully. If you have any questions, be sure and ask the seller before the auction is over! And if there is a dispute, eBay can be helpful.
The value of a one penny red stamp is an estimated $1.50 or even less depending on the condition. They can be purchased on eBay.
Read the description carefully and look at the pictures carefully. You should purchase from someone with a good track record on eBay. If it is not described properly, you can usually return it, so you should be okay.
sell it on ebay and say that it came from the medieval ages :D
What penny! :) Ebay most likely. Put on the description "lucky penny"
Contact any stamp seller on ebay.
ebay
Ebay is a good idea for selling steel pennies. if you don't have good luck with Ebay. I would just keep it since even in average circulated they are only worth a few dollars.
A coin dealer would have to buy it (or you could sell it via eBay or craigslist) but at most that penny is worth 3 cents. It is a really common penny and most likely you would find no one wanting to buy it for over a cent.
List it on eBay.
Take it to your local coin collector or antique/collectible shop. You can also sell it online on a site such as eBay or Craigslist. eBay would be the better choice.
if the size of your penny is the same size as a copper penny and your penny is SOLID silver then a silver penny would be about 2.1 grams and today(june 25 2012) silver price is about $28.79 an ounce and there are 31.1 grams in 1 ounce making you penny worth about $1.90 but since the (kind of ) rarity it would be about $3 to somebody on ebay(+shipping) hope i helped :)
$ 3.00 on eBay.