Does a coin have a magnet?

Yes, that’s correct. If a coin contains iron and steel, it will be attracted to a magnet because these metals are magnetic. That’s because some older coins, like pennies, are magnetic, whereas others, like dimes and quarters, are not. Some coins are magnetic due to their manufacturing process.

Which American coins are magnetic?

Pennies made out of steel are the only magnetic American coins. Other coins, like those made of copper, nickel, zinc, gold, or silver, are not magnetic. This article answers why:

Why are coins magnetic?

Well, you see, the metal used to make certain coins causes them to be magnetic. Yes, that’s correct. If a coin contains iron and steel, it will be attracted to a magnet because these metals are magnetic. That’s because some older coins, like pennies, are magnetic, whereas others, like dimes and quarters, are not.