As EoC says, either it was jammed in a counting machine,
or the 'reeds' were added afterward - in any case, not an
error coin of any kind or type.........sorry....
Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
Planchets are held in the die chamber by a collar. The collar keeps the minted coin from expanding beyond the specified diameter. It also imparts the reeding on the edge of a coin for 10c - 50c and plain edge for 1c, 5c, and dollars (dollar edge lettering is added during a separate step).
The collars are made to fit the diameter of a coin and are not interchangeable, so a dime collar can't be used in a press set up for striking cents. Since all cent collars are smooth, it's not possible to have one with a reeded edge
Local coin shop owners have never seen anything like it, they told me through their experience that this coin probably was minted with wrong foregin blank to started with, and combination of wrong planchet and the pressure made mystery crazy coin.
It make a lot of sense if the wrong foregin blank was used to go through full minting process. They were also confused because the US Mint stopped the reeding penny production in late 1800's, furthermore, this reeding design doesn't match US reeding penny designs.
Well, It doesn't matter about its value, Its so cool to have in my coin book.
Local coin shop owners have never seen anything like it, they told me through their experience that this coin probably was minted with wrong foregin blank to started with, and combination of wrong planchet and the pressure made mystery crazy coin.
It make a lot of sense if the wrong foregin blank was used to go through full minting process. They were also confused because the US Mint stopped the reeding penny production in late 1800's, furthermore, this reeding design doesn't match US reeding penny designs.
Well, It doesn't matter about its value, Its so cool to have in my coin book.
Even if some non-standard blank was used for this penny, it would not have reeding unless it was minted with a reeded collar, which presumably it could not be for minting a 1994 penny.
Keep looking! 😉
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Right, because wherever they minted it, they were local😉
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Comments
If any of the coin community have any answers to this coin, please help, thank you.
Caught in a counting machine so it is damaged and not a reeded edge.
PMD
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
As EoC says, either it was jammed in a counting machine,
or the 'reeds' were added afterward - in any case, not an
error coin of any kind or type.........sorry....
Planchets are held in the die chamber by a collar. The collar keeps the minted coin from expanding beyond the specified diameter. It also imparts the reeding on the edge of a coin for 10c - 50c and plain edge for 1c, 5c, and dollars (dollar edge lettering is added during a separate step).
The collars are made to fit the diameter of a coin and are not interchangeable, so a dime collar can't be used in a press set up for striking cents. Since all cent collars are smooth, it's not possible to have one with a reeded edge
@Vancouver
ok, I'll bite: why do you love this Lincoln cent so much?
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
It was possibly mounted in an encasement.
Pmd
@Vancouver... Welcome aboard. As noted above, your cent has PMD... not an error coin. Cheers, RickO
Thank you for your comments.
Knurling tools are almost always the cause of such oddities.

It is such a mystery coin,
Local coin shop owners have never seen anything like it, they told me through their experience that this coin probably was minted with wrong foregin blank to started with, and combination of wrong planchet and the pressure made mystery crazy coin.
It make a lot of sense if the wrong foregin blank was used to go through full minting process. They were also confused because the US Mint stopped the reeding penny production in late 1800's, furthermore, this reeding design doesn't match US reeding penny designs.
Well, It doesn't matter about its value, Its so cool to have in my coin book.
When you hear hoofbeats in the distance, think horses, not zebras.
peacockcoins
I would not rely on those local coin shops for anything after that advice.
Usually the simplest explanation is most likely the correct one.
Send the coin to PCGS and you'll get your mystery coin sorted out pretty quickly.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
We helped!
I'm glad the value doesn't matter to you, because it is worth 1 cent. You may spend it.
Even if some non-standard blank was used for this penny, it would not have reeding unless it was minted with a reeded collar, which presumably it could not be for minting a 1994 penny.
Keep looking! 😉
That was funny
better yet,Unicorns
No harm intended to the OP...Just laughed at Braddick's response
No foreign coin was minted in 1994
No where in the world?

Right, because wherever they minted it, they were local😉