The copy has cipher, but the cipher ability of the copy does nothing:
702.97a Cipher appears on some instants and sorceries. It represents two static abilities, one that functions while the spell is on the stack and one that functions while the card with cipher is in the exile zone. “Cipher” means “If this spell is represented by a card, you may exile this card encoded on a creature you control” and “As long as this card is encoded on that creature, that creature has ‘Whenever this creature deals combat damage to a player, you may copy this card and you may cast the copy without paying its mana cost.’”
Private Mod Note
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Level 2 Magic Judge
Please use card tags when you're asking a question about specific cards: [c]Serra Angel[/c] -> Serra Angel.
The reminder text is pretty clear on this, as well:
Then you may exile this spell card encoded on a creature you control. Whenever that creature deals combat damage to a player, its controller may cast a copy of the encoded card without paying its mana cost.
example:
Hand of Binding
The copy has cipher, but the cipher ability of the copy does nothing:
Please use card tags when you're asking a question about specific cards: [c]Serra Angel[/c] -> Serra Angel.
So is that specific for the cipher ability, as per the rules you quoted, or can one reach the same conclusion just from the reminder text on the card?
Commander/EDH Decks:
BRG The Blood of Jund - Kresh the Bloodbraided BRG
WR The Blades of Goldnight - Gisela, Blade of Goldnight WR