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02-14-2009, 03:44 PM
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#1 (permalink)
| | Member
Join Date: Jan 2009 Location: california
Posts: 55
| 5 dollar gold 1883 what grade ?
This was given to me by a very nice gent who appreciates some one that collects coins, so it would have a good home
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02-14-2009, 04:13 PM
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#2 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,515
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What you have there is a gold plated nickel.
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02-14-2009, 04:46 PM
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#3 (permalink)
| | Wise young snail
Join Date: Oct 2008 Location: im in ur fridge eatin ur foodz
Posts: 2,976
My Mood:  | Quote:
Originally Posted by GDJMSP  What you have there is a gold plated nickel. | Yep.
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02-14-2009, 06:11 PM
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#4 (permalink)
| | Coin and Paper Collector
Join Date: Oct 2008 Location: Ontario, Canada
Posts: 724
My Mood:  |
Yes, halfway threw that year the mint put 'CENTS' where you see E PLURBIS UNIM. This is because people would take these 5 cent pieces and gold plate them and pass them off as gold $5 pieces. This is what you have. It is called a "racketeer nickel". I am not sure as to if yours is authentically plated or one that someone plated recently to get more value out of the coin but i'm sure someone will come along and tell you.
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02-14-2009, 08:19 PM
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#5 (permalink)
| | huldufolk
Join Date: May 2008 Location: Michigan
Posts: 4,281
My Mood:  |
The rackateer legacy lives on. Nice pickup!
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02-14-2009, 08:42 PM
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#6 (permalink)
| | U.S. Money Collector
Join Date: Aug 2005 Location: Phoenix, AZ
Posts: 3,018
My Mood:  | Quote:
Originally Posted by TheNoost The rackateer legacy lives on. Nice pickup! | lol, before I even read this I had a feeling it was a racketeer nickel.
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02-14-2009, 09:12 PM
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#7 (permalink)
| | What Goes Around Comes A
Join Date: Apr 2008 Location: Chicago
Posts: 5,447
My Mood:  |
After looking at it , I can see how it fooled some , except for the weight .
rzage
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02-14-2009, 10:07 PM
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#8 (permalink)
| | Numismatist In Training
Join Date: Dec 2007 Location: Colorado Springs, CO
Posts: 5,027
My Mood:  | Quote:
Originally Posted by rzage After looking at it , I can see how it fooled some , except for the weight . | . . . and the smooth edge.
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02-14-2009, 10:27 PM
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#9 (permalink)
| | Member
Join Date: Jan 2009 Location: california
Posts: 55
| the rest of the story
I was showed this by the previous owner and told him I am sure this is a nickel because of the no "cents" but just to let him know I opened my coin manage program and pulled the 5 dollar gold picture up and showed him the size is wrong and the reverse is different , then I pulled the V nickel and you should have seen the look in his face..... he did not say much but muttered something about putting it some where no one but his doctor could find it. and donated it to me ...cause I showed him a few of my other fake / forgeries that I ended up with.... he said find out what it is worth and keep it along with my other collections.....and thanked me for the lesson learned. ...... so beware they are lerking every where.
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02-15-2009, 01:23 AM
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#10 (permalink)
| | U.S. Money Collector
Join Date: Aug 2005 Location: Phoenix, AZ
Posts: 3,018
My Mood: |
here are some pictures and a description as well: www.usmoneyfacts.com/racketeer.html
but hey, it's a neat thing to have, and it's collectible - assuming it's not modern plating. Quote:
Originally Posted by Hobo . . . and the smooth edge. | not all the racketeer nickels were reeded - it's not like people saw 5$ gold pieces everyday.  | |
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02-16-2009, 06:56 PM
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#11 (permalink)
| | What Goes Around Comes A
Join Date: Apr 2008 Location: Chicago
Posts: 5,447
My Mood: |
Quote:
Originally Posted by Hobo . . . and the smooth edge. | Forgot all about that smooth edge ,  that's why I'm so great at detecting counterfeits   .JK
Rusty
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02-15-2009, 03:40 AM
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#12 (permalink)
| | King of Hearts
Join Date: Dec 2006
Posts: 11,559
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now where can one acquire these a true masterpiece
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02-25-2009, 10:22 PM
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#13 (permalink)
| | Registry fever
Join Date: Dec 2007 Location: Alberta, Canada
Posts: 3,011
My Mood: | Quote:
Originally Posted by spock1k now where can one acquire these a true masterpiece | I think Isaiah might have a few....
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02-25-2009, 10:37 PM
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#14 (permalink)
| | Numismatist In Training
Join Date: Dec 2007 Location: Colorado Springs, CO
Posts: 5,027
My Mood: | Quote:
Originally Posted by snaz I think Isaiah might have a few.... | Yeah, but Isaiah's is "genuine".
__________________
No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money . . . - US Constitution, Article 1, Section 10
ANA LM-3799; OHNS LM-59; SUSCC R-4005. All coins stored in bank safe deposit box. | |
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02-25-2009, 11:11 PM
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#15 (permalink)
| | Coin and Paper Collector
Join Date: Oct 2008 Location: Ontario, Canada
Posts: 724
My Mood: | Quote:
Originally Posted by Hobo Yeah, but Isaiah's is "genuine". | Hahaha, good old Isaiah 
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Dansco 7070- 53/76
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