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<p>[QUOTE="Troodon, post: 1919664, member: 4626"]I don't know how one makes the distinction between a real fake and a fake fake lol... however there's never been much evidence that the whole "racketeer nickel" thing was especially widespread around 1883, if it indeed actually happened at all. It's probably just an enduring myth that people used to cash in on the novelty of it. I've never seen any so-called racketeer nickels that look like they were actually gold-plated contemporary to their original minting. Not saying that none exist, but if any were done they were probably done so cheaply and crudely that the gold plating would have flaked off by now or they would have long ago been discarded and/or destroyed. The irony is probably more nickels are gold plated now to fool collectors than was likely ever done back when the coins were contemporary to fool people into thinking they were 5 dollars instead of 5 cents. IMO, it's not worth attempting to collect such a thing (since it's most likely a fake anyway, that is a modern fake rather than a contemporary one lol...) because it just encourages more people to fake it, and also because logically, an altered coin should be worth LESS than an unaltered one, not MORE.</p><p><br /></p><p>But if you're just collecting it for the novelty value... what difference does it make if the "novelty" is real or not? Especially since it's not actually real either way...</p><p><br /></p><p>Just my 2 cents (or let's say 5 cents in this case lol...)[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1919664, member: 4626"]I don't know how one makes the distinction between a real fake and a fake fake lol... however there's never been much evidence that the whole "racketeer nickel" thing was especially widespread around 1883, if it indeed actually happened at all. It's probably just an enduring myth that people used to cash in on the novelty of it. I've never seen any so-called racketeer nickels that look like they were actually gold-plated contemporary to their original minting. Not saying that none exist, but if any were done they were probably done so cheaply and crudely that the gold plating would have flaked off by now or they would have long ago been discarded and/or destroyed. The irony is probably more nickels are gold plated now to fool collectors than was likely ever done back when the coins were contemporary to fool people into thinking they were 5 dollars instead of 5 cents. IMO, it's not worth attempting to collect such a thing (since it's most likely a fake anyway, that is a modern fake rather than a contemporary one lol...) because it just encourages more people to fake it, and also because logically, an altered coin should be worth LESS than an unaltered one, not MORE. But if you're just collecting it for the novelty value... what difference does it make if the "novelty" is real or not? Especially since it's not actually real either way... Just my 2 cents (or let's say 5 cents in this case lol...)[/QUOTE]
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