Description: 1883 "no cents" Racketeer Nickel GEM Brilliant Uncirculated Gold Plated Soon after the 1883 nickel appeared, the omission of the word cents on the coin became a huge problem. The reverse design of the coin contained a large “V” , but without the word “CENTS”, con artists soon realized that they could gold plate the coins and pass them off as $5.00 gold pieces.One of the most famous stories revolves around a man from Boston who invested $50 in new “V” nickels and had a friend of his, a jeweler, gold plate them for him. He would enter a store a make a purchase for 5¢ and not say anything (many things in those days cost a nickel: a good cigar, the daily newspaper and a loaf of bread, among them). He would place his gold plated nickel on the counter and make his purchase. If the clerk noticed it was only 5¢, he would just leave with his purchase. But more times than not he would also leave with $4.95 in change. He was eventually caught, but the case was dismissed because the merchants actually cheated themselves, and there was no law against gold plating a nickel. Just after the trial the U.S. Mint authorized changing the reverse to include the word “CENTS”. All coins over $15 will ship USPS with tracking. I am not a professional grader please grade coins for yourself before purchase. I DO COMBINE SHIPPING. CART WILL REFLECT DISCOUNT. Stay Connected and See New Coin Selections Every Month. Follow Me: https://www.ebay.com/str/integritycoin Thanks for looking!
Price: 59.95 USD
Location: Middleburg, Florida
End Time: 2024-09-18T15:14:26.000Z
Shipping Cost: 1 USD
Product Images
Item Specifics
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Uncirculated
Denomination: 5C
Coin: Liberty
Year: 1883
Strike Type: Business
Mint Location: Philadelphia
Grade: Ungraded
Country/Region of Manufacture: United States
Variety: No Cents
Certification: Uncertified
