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The neutral sandwich compound $\mathrm{Co}({\eta }^5-{\mathrm{C}}_5{\mathrm{H}}_5{)}_2$, conventionally Co(II), $d^7$, with 19 valence electrons. One-electron oxidation gives the 18-electron cobaltocenium cation.

Oxidizing cobaltocene removes its antibonding nineteenth electron and gives the particularly favourable 18-electron cobaltocenium cation. iodine can accept the electrons, giving cobaltocenium iodide at the simple stoichiometryEach cobalt changes from Co(II), $d^7$, to Co(III), $d^6$; each iodine atom changes from 0 to $-1$. Excess iodine can change the isolated counterion to a polyiodide such as ${\mathrm{I}}_3^{-}$. In contrast, oxidation of 18-electron ferrocene would remove an electron from its occupied closed-shell manifold to form 17-electron ferrocenium. iodine is insufficient to drive that reaction under the conditions implicit here. ferrocene can still be oxidized by suitable stronger oxidants; an electron count is a useful rationale for the comparative redox behaviour, not a universal proof of a numerical electrode potential.