Wow! Key Date Coins AM Live Auction 36 Part 2 Day 3
By Key Date Coins
Contact auction house
Oct 7, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
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LOT 4690:
1883 Racketeer Nickel Liberty Nickel 5c Grades. , the racketeer nickel was developed after the U.S. mint issued ...
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Sold for: $15
Start price:
$
15
Estimated price :
$75 - $150
Buyer's Premium: 18%
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1883 Racketeer Nickel Liberty Nickel 5c Grades. , the racketeer nickel was developed after the U.S. mint issued the Liberty nickel in 1883. On one side it had the head of Liberty. On the obverse, it simply had the Roman numeral V and nowhere did it spell out its value as 5 cents. As it so happened, the nickel was close in size to the $5 gold piece, which had a similar design. So, as the story goes, a man named Josh Tatum began gold-plating the nickels and passing them off as $5 gold coins, for instance buying a 5-cent cigar then placing the coin on the counter and getting $4.95 in change. When he was finally caught, he was exonerated since he was unable to speak, and thus never actually misrepresented the currency.
