I think @lordmarcovan's theory, though unproven, is very probable. I can't come up with any other plausible reason. It was the first thing that popped into my mind as I saw the OP's first post. For that reason, and that reason only, I'd offer more than cull value, but not the $20. Something in between would be worth it being able to "Josh" friends/family. Steve
It would be a good project to smooth out the damage, file the edge to reed it, then have it gilted. Then you would have an unique Racketeer Nickel. That would actually ADD value to it.
The Josh Tatum story has largely been debunked as myth nowadays, but it's fun, nonetheless. Cheech - in this case, ALL 1883 Shield nickels had the word CENTS on them, so obviously the ones without that word scraped off are better! You might be thinking about 1883 Liberty nickels, which were made in two varieties, both with and without the word CENTS. In either case, it's always better to have a little CENTS.
Just shows nothing is new. The 1883 V nickels were first made without the "cents" designation and then the dies were changed to add "cents". Which one is worth more...the one with cents, cause everybody kept the "error" coin.
I assume you are asking about the 1883 Liberty five cent...... ...the answer depends on whether it is a business strike or a Proof. They are opposite rarities on business and proof strikes.
I guess a joke doesn't go far with some people... especially if you have to try to explain it. I guess there are the few that get things, some that they can be explained to, and some that will never get it.