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It's probably a real penny that has been coated with something. Maybe electroplated. It might be worth something as a novelty but either way it should be worth at least 1 cent. It's either a plated novelty item with no value, or an unfinished planchet error worth a few dollars. Weigh it. If it's less than 2.5 grams, then you may have the unfinished planchet error. If it's more, then you probably have the plated novelty item.

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Q: If you have a 1990 penny shiny silver is it real?
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