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1883 Racketeer Nickel - Gold Enhanced

1883 Racketeer Nickel - Gold Enhanced

$19.95
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  • Genuine Gold Enhanced!

  • In 1883, the U.S. Mint briefly issued nickels without the word 'cents,' featuring only a Roman numeral 'V' on the reverse. This led to people gold-plating them and attempting to pass them off as $5 gold coins!

  • Nice condition!

This is for one coin The 1883 Racketeer Nickel, now enhanced with a gold plating, is one of the most infamous coins in American history. For a brief period in 1883, the U.S. Mint produced nickels without the word 'cents' on them. These coins simply featured a large Roman numeral 'V' on the reverse side, which represented five cents. Sharp-eyed individuals quickly noticed this and began plating the nickels in gold to pass them off as $5 gold coins, as the size and numeral on the coin made the deception quite plausible.

To give you an idea of the impact, $5 in 1883 is equivalent to about $125 today. This deception led to countless people being swindled before the U.S. Mint took action and added the word 'cents' to the coin to prevent further fraud.

Today, the 1883 Gold Plated Racketeer Nickel is a highly sought-after collectible that carries a fascinating story of trickery and historical significance. It serves as a tangible reminder of this unique episode in numismatic history, making it a prized piece for any coin collector.

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