
The fake copper-plated gold penny was put into circulation in Los Angeles in 2007 as a publicity stunt by artist Jack Daws to publicize his limited edition of 10 counterfeit US cents in gold. A Seattle art gallery is selling the other Daws coins for $1000 each.
The melt value of the fake is $100.
The US Secret Service says “Anyone who manufactures a counterfeit U.S. coin in any denomination above five cents is subject to the same penalties as all other counterfeiters.” which seems to rule out a counterfeiting beef for Mr. Daws.
The blogger's middle initial, 8, is not a typo.
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