Thanks for checking into it guys, I was afraid the disappointing news was coming on this one. What really had me skeptical to start with was checking this thread on cointalk:
http://www.cointalk.com/t78043/Looking at post #5, the several details pointed out on the reverse seemed to show up on this coin too.
Finding this one in such nice shape was also a red flag. I did keep a glimmer of hope because it does indeed weigh in at 3.1 grams like a legit copper penny would. Oh well, like Blackout said, no need to weep for me! I am still an incredibly lucky guy to find the authentic one that I did several months ago, and will enjoy holding onto this one too just for comparison's sake and to spice up the collection with a talking piece next to it.
Even though this fake isn't desired, it has to be fairly rare in its own right. Does anyone know if there is any kind of market for a fake like this? Obviously collectors looking for a legit one wouldn't be interested, but I would think many dealers and serious collectors would like to have one of these on hand.