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How Do You Ask Dealers About Henning Nickels?

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Valued Member
United States
179 Posts
 Posted 05/04/2014  09:14 am  Show Profile   Bookmark this reply Add ambro51 to your friends list
I think realistically any "fear" in owning or selling these to collectors has long passed. They ARE exceptionally rare and more so in the "currently for sale" situation. Last week I heard from a non coin collecting friend... When I started talking about them.... He was totally familiar from a story run in "Weird NJ" magazine. He went on to tell me a friends aunt in Pensaukken NJ has a box of " hundreds of them".
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Korea, Republic Of
1881 Posts
 Posted 05/04/2014  09:18 am  Show Profile   Bookmark this reply Add Matteproof to your friends list

Quote:
......has a box of "hundreds of them".

Was the aunt, by any chance, related to Henning?
Valued Member
United States
179 Posts
 Posted 05/04/2014  10:03 am  Show Profile   Bookmark this reply Add ambro51 to your friends list
I have no clue. I asked him to get me more details....
Rest in Peace
United States
1943 Posts
 Posted 05/04/2014  12:22 pm  Show Profile   Bookmark this reply Add pyrbob to your friends list
When I first started looking for Henning nickels years ago I did more educating then looking. I remember one dealer at a Baltimore show after I explained how I am trying to identify the supposedly six different dies Henning claimed to use just smiled and said, "Wow, die varieties of counterfeit coins. What's next." Most dealers did not know what a Henning nickel was. Some of the dealers recognized them only as 1944 no P nickels or 1944 nickels without the mintmark. Some more would realize what they were when I said they are the counterfeit nickels made in the 1950's in New Jersey. Very few dealers even realized they are mentioned in the RedBook. Now I have asked so often at the shows around me that occasionally dealers will bring them to a show but not put them out, then when they see me they call me over. So persistence is the key.
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United States
2589 Posts
 Posted 05/04/2014  12:35 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list
A ''mint state'' henning, would not appear like an uncirculated coin.
The dies used to make the counterfeits were made by transfer from circulated genuine examples of the real mint issued coins.
That way they would be easier to pass.
Rest in Peace
United States
1943 Posts
 Posted 05/04/2014  3:31 pm  Show Profile   Bookmark this reply Add pyrbob to your friends list
Here is an example that still has luster. As pointed out by XavierOfGreen the host coins were circulated so the dies did not have the fine detail we expect to see.

How-Do-You-Ask-Dealers-About-Henning-Nickels?
Rest in Peace
United States
1943 Posts
 Posted 05/04/2014  3:33 pm  Show Profile   Bookmark this reply Add pyrbob to your friends list
Here is the reverse of the same coin.

How-Do-You-Ask-Dealers-About-Henning-Nickels?
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United States
1234 Posts
 Posted 05/04/2014  4:01 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list
I was in my LCS the other day I noticed a magazine, it had a cover story about valuable fakes and there was a picture of a 1944 no mint mark but I didn't look at the name of the magazine, and got busy looking at the Morgans. I messed up and got one that I didn't need so I'll be going back Monday. I'll try to remember to ask about the magazine.

Edit: spelling
Edited by ASLAN TVorlon
05/04/2014 4:01 pm
Valued Member
United States
179 Posts
 Posted 05/04/2014  5:29 pm  Show Profile   Bookmark this reply Add ambro51 to your friends list
It looks like the 1953 piece retains strong detail. The 1944 appears to use a coin maybe Fine to VF for the die impression. Logical since he created the coins c. 1954. Had he simply stuck with the 1939 it IS possible that the coins may have escaped attention. The heavier weight of 5.5 grams would betray them though
Valued Member
United States
179 Posts
 Posted 05/04/2014  7:01 pm  Show Profile   Bookmark this reply Add ambro51 to your friends list
Here's a 1939. not my Coin from yahoo images showing cast surface detail but no circulation were. I'm fairly certain I see that line from the base of the W in we as a diagnostic which can identify 39 Hennings from mint issue
Valued Member
United States
179 Posts
 Posted 05/04/2014  7:02 pm  Show Profile   Bookmark this reply Add ambro51 to your friends list
How-Do-You-Ask-Dealers-About-Henning-Nickels?
Valued Member
United States
179 Posts
 Posted 05/04/2014  7:04 pm  Show Profile   Bookmark this reply Add ambro51 to your friends list
I'd wager a good portion of the 39 coins circulated freely. Might still be some out there.
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United States
757 Posts
 Posted 05/04/2014  8:06 pm  Show Profile   Bookmark this reply Add davec13 to your friends list
So basically it's gonna come down to asking all the dealers at every show and waiting for one to show up. The pictures that have been posted make me want one even more now.
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United States
2589 Posts
 Posted 05/04/2014  8:24 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list
I know that at least some of the 1939 hennings have a looped R in the reverse similar to the 1944 Pyrbob posted above (if I remember correctly Pyrbob's 1939 is also a looped R). There are actual two varieties of the 1944 version, those with and those without the looped R.
Besides the Looped R 1939 and the 1944 issues, the other henning years are notoriously hard to identify. The easiest way would be by weight, since if my memory serves hennings weigh more than genuine examples do.

I have seen 7 of these in person, and Pyrbob's example is either the highest or second highest grade I have seen. I doubt any example in existence has sharp well defined pillars on the reverse.
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United States
4593 Posts
 Posted 05/04/2014  8:27 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Look for dealers who don't specialize in the flashy high grade coins. Look for those who have books of mid to low grade coins and flip flip flip

(edit: Add or boxes of 2x2s)
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Edited by BStrauss3
05/04/2014 8:29 pm
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