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US Racketeer Nickel 1883

 Date: 1883 
 Mint mark: not apparent 
 Size: medium 
 Description from requester: Do you have any information on what appears to be a gold 1883 Liberty Head nickel.The back side does not quite match up with any other image. The main difference being 'e plurabus unum' on the bottom of the wreath, as well as it being what appears to be gold ? 
 [Request 11868 received from Mary, Wednesday, 18-Jul-2012, answered by Paul] 
 [Reviewed by CoinQuest -- Appraisal ok., Saturday, 07-Dec-2013] 

US Racketeer Nickel 1883 | nickel racketeer wreath liberty v queen woman crown unum head well match up nichol nickle nickels nikel usa nichel garland Well that's cool, Mary. You have what coin collectors call a Racketeer Nickel. Unscrupulous fellows back in 1883 found the newly issued Liberty V nickels in pocket change, gold plated them, and tried to pass them as $5 gold pieces. Not a bad mark-up, I'd say. Of course they were worth only a nickel.

Soon the US government wised up and placed the word CENTS on the coin, a small detail they had overlooked at first.

Anyone can make a racketeer nickel out of an 1883 'no cents' nickel by gold plating it. If you can find one actually from 1883, and can somehow prove it comes from that time, collectors might be willing to pay a large premium. Maybe $50 or so. The tough part is proving that you have a coin from a real racketeer, not a modern wanna-be!

See our page on normal Liberty V nickels at this link.

Tags: nickel racketeer wreath liberty v queen woman crown unum head well match up nichol nickle nickels nikel usa nichel garland reif wreathed wreth liberie liberity rief reef wreah greenery wreaths wreathe wreat crpwn tiera crowns female queens womans crowned halfcrown crwon tiarra women ladies tiara ladys femal feminine queem females womens lady princess lsdy empress matching headed heads urum oneheaded pluribus vnvm us pluribs epluribus plurabus pluribusunum

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   Categories > United States > US gold

Thu, 17-Apr-2014 09:38:45 GMT, unknown: 728202 ABBB4PdOvJCyU
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