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<p>[QUOTE=&quot;Hobo, post: 480619, member: 11521&quot;]I think you got ripped off. That&#039;s what I think.</p><p>&nbsp;</p><p>That is definitely <b>NOT</b> an &quot;<u>authentic</u> gold plated racketeer nickel&quot;. As others have pointed out, this coin was gold plated after the coin had been heavily circulated. If the coin had been plated and then heavily circulated the plating would have worn away on the higher portions of the coin. But on your coin the plating is on top of the worn portions of the coin. That is a dead giveaway that this is not an &quot;authentic&quot; Racketeer Nickel.</p><p>&nbsp;</p><p>Think about it - just how long did the Racketeer Nickel Scam work (if it ever worked at all)? A few weeks? A few months at best? So it stands to reason that an &quot;authentic&quot; Racketeer Nickel would be a coin in Uncirculated or AU condition that was gold plated. It took your coin many years of circulation to reach its present condition - and then it was plated. By then the Racketeer Nickel Scam was long over. This scam has now been replaced with another Racketeer Nickel Scam where common 1883 Liberty Nickels are plated to fool the unknowing collector. Sorry but you have been scammed.</p><p>&nbsp;</p><p>Aboncom (the seller you bought your coin from - see countless other threads on CoinTalk for an idea of what others here think of him) described your coin as:</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p>SGS graded the coin MS-60. Anybody can tell that your coin is heavily circulated. It is nowhere near MS-60. Maybe F or VF but certainly not anywhere close to Mint State. </p><p>&nbsp;</p><p>AND would an &quot;Uncirculated&quot; Racketeer Nickel make any sense? Racketeer Nickels were made to spend and fool a shopkeeper, not to immediately place in a collection. These coins were created to SPEND. Said another way, these coins were created to CIRCULATE. I think it would be rather uncommon to find an &quot;authentic&quot; Racketeer Nickel that had not circulated. </p><p>&nbsp;</p><p>Didn&#039;t you post a thread just a few days ago saying SGS and Aboncom are one and the same and another thread saying SGS&#039;s grading is poor? And then you turn right around and buy from them/him! Amazing! Simply amazing!! </p><p>&nbsp;</p><p>I bought a fake Racketeer Nickel at a coin show a couple of weeks ago. My example is a well-circulated nickel that has new, shiny gold plating. I bought it for my counterfeit collection as an example of a Racketeer Nickel being plated after being worn. I paid $15 for mine (and I thought that was a bit high). I&#039;ll try to post pics of mine when I get a chance.[/QUOTE]</p><p><br /></p>

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