diff --git a/activerecord/lib/active_record/attribute.rb b/activerecord/lib/active_record/attribute.rb
index 3c4c8f10ec4219ad3e50eed6f95164faa494ccdc..24231dc9e1f433137c16e7f18f94fd7c9feec61b 100644
--- a/activerecord/lib/active_record/attribute.rb
+++ b/activerecord/lib/active_record/attribute.rb
@@ -170,7 +170,7 @@ def initialize(name)
         super(name, nil, Type::Value.new)
       end
 
-      def value
+      def type_cast(*)
         nil
       end
 
diff --git a/activerecord/test/cases/attributes_test.rb b/activerecord/test/cases/attributes_test.rb
index 2bebbfa205df38ffcf5880ec4247f08b9d784677..48ba7a63d5fd54df68bebb3a75622f372416f9f3 100644
--- a/activerecord/test/cases/attributes_test.rb
+++ b/activerecord/test/cases/attributes_test.rb
@@ -63,6 +63,15 @@ class CustomPropertiesTest < ActiveRecord::TestCase
       end
     end
 
+    test "model with nonexistent attribute with default value can be saved" do
+      klass = Class.new(OverloadedType) do
+        attribute :non_existent_string_with_default, :string, default: 'nonexistent'
+      end
+
+      model = klass.new
+      assert model.save
+    end
+
     test "changing defaults" do
       data = OverloadedType.new
       unoverloaded_data = UnoverloadedType.new