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A magnet only attracts certain metals- primarily iron. Those old coins were not made of iron, but silver, copper and nickel. No reason they SHOULD be attracted by a magnet. Except 1943 US pennies, which WERE made of steel.

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10y ago

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Why does old coins attract to a magnet?

Old coins may contain iron or steel components, which can make them slightly magnetic. Coins made of metals like nickel or steel can exhibit magnetic properties due to their composition. Magnetic attraction to old coins is a result of the metal content within the coins.


Where can one find prices for old coins?

If the coins are from the United States, the best bet would be to check the U.S. Old Coins Identification Chart. If the old coin is from the United States but not on said chart, it is probably a commemorative coin and a person would need to obtain a copy of U.S Coins Red Book


How old are gold coins dated 35 BC?

Gold coins dated 35 BC would be 2008 + 35 = 2043 years old this year


What if a coin have been misprinted on the back?

They would not be released. There are to many quaility assurance checks for this to ever occure. If it did happen, the coins would be melted down, like what happens to old coins and damaged coins.


When is a Penny old?

"Old" is a relative term, and in the world of coins, an old coin would possibly be 100 years or older.


What is the saint of old coins?

There is no patron saint of old coins.


Who buys old british coins in Indianapolis?

In Indianapolis, old British coins are typically purchased by coin collectors, numismatists, and antique dealers who specialize in currency. Local coin shops, online marketplaces, and auction houses also attract buyers interested in rare or historical coins. Additionally, collectors may participate in coin shows or clubs where they can find others interested in trading or purchasing old British currency.


Where are banks which buy old coins?

Banks don't buy old coins, coin dealers will buy old coins, some jewelry stores will buy old coins, banks will take your old coins at face value and then sell them to coin dealers and and make some profit.


What was a swinging magnet used for?

A swinging magnet was often used in old-fashioned compasses to indicate direction based on Earth's magnetic field. The magnet would align itself with the Earth's magnetic field, pointing towards the magnetic North Pole.


What are old European coins beginning with t?

What are old european coins beginning with t?


What is worth more old coins or old bills?

In general coins have higher values.


When Clark was 7 years old he had 22 rare coins Each year Clark added 15 coins to his collection Assuming Clark does not sell or lose any coins so how old will Clark be when he has 577 coins?

Clark will be 35 years old when he has 577 coins, because he gains 15 coins every year and already had 22 coins when he was 7 years old. So, it will take him (577-22) / 15 = 37 years to reach 577 coins.