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 Replies: 93 / Views: 21,891 |
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Pillar of the Community
 United States
5362 Posts |
That is a very interesting exception within the law. So cents are exempt from being counterfeited. We can all get out our coin presses and start making cents with no fear of being arrested. We can all be millionaires.  |
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Pillar of the Community
United States
1531 Posts |
To be a millionaire, all we have to do is make 100,000,000 cents. Then factor in the materials and the... and the.... Then we have to make 200,000,000 more to make a profit! |
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Pillar of the Community
United States
5362 Posts |
So we should start right away then!
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Pillar of the Community
United States
997 Posts |
Could this be some sort of hobo nickel, where someone started messing with the design?
I just cannot fathom anyone making counterfeit circulation coins these days, the cost of materials alone would outweigh the potential profits to be made. The only way money could be made is if he were to make such huge quantities using cheaper materials and realistic design, then have a way to mix them in with real coinage.
Henning in his day was using the same materials as real coins wiht decent casts, was able to make enough to earn some payback and got them distributed without too much suspicion until he messed up. Back then though the nickel would actually buy something of value by itself.
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Pillar of the Community
United States
2757 Posts |
I would love to know the weight on this coin.
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Valued Member
United States
291 Posts |
@ allranger - Thank you for the link. One of the numerous reasons I enjoy this site so much is that I learn something new every day.
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Pillar of the Community
United States
1804 Posts |
jhp2104........... Quote:
@ allranger - Thank you for the link. One of the numerous reasons I enjoy this site so much is that I learn something new every day. Agreed..... Newbie that I am...... I try to share back ... in my limited way(s). |
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Pillar of the Community
United States
5362 Posts |
Perhaps it is not someone motivated by profit at all - but rather someone having fun to see if they are capable of doing it without being spotted. This may only be one of hundreds or even thousands placed in circulation in 2005.
It could simply be a student forger learning the trade on a no-risk item.
Since most forgeries remain forever anonymous the best we can do is to theorize.
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Bedrock of the Community
United States
10045 Posts |
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Yes it is but how often do you think Mr. Average Joe looks at the nickels he gets in change. This is very clearly a fake--and it makes me wonder if anyone is faking US quarters? Certainly, with all the different designs out there, it might also be hard to spot a fake.  Still...hard for me to comprehend why someone fake $.05 today--the value is nearly meaningless, except in huge quantities. |
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Pillar of the Community
United States
5362 Posts |
Quarter forgeries are still in production. In eastern Massachusetts where I used to live - 11 years ago rolls of counterfeit quarters were being passed. My daughter was a bank teller and let me know about it. The forgers were never caught. The dies were casts of some sort and the coins were struck in soft metal and coated with mercury. These were actually considered to be hazardous.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Interesting note about the "above five cents." Just depends on which statute you look at. Title 18 Sec 485 specifies coins five cents and above, Sec 486 and 489 makes counterfeits of all denominations illegal |
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Valued Member
United States
69 Posts |
The coin being discussed here weights five grams per my scale, a genuine uncirculated 2004-D Keel Boat nickel weighs the same on the scale. I have a friend who is a gold dealer; I will obtain a more accurate weight when I see him this weekend. The surfaces of the coin are quite granular, more so than is evident in the photos. There is simply no possibility that this is a genuine 2004-D Keel Boat nickel.
In the past several years, I have searched approximately 1.4 million nickels, I have never seen an example like this one, it would be quite difficult, if not impossible to overlook.
-Jos. Curwen, Gent.
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Pillar of the Community
United States
5362 Posts |
So you bought it. I had a deal with the seller, settled the price and had actually paid him when he put it on BIN. Some form of miss communication I guess. He would not honor our agreement or my payment and chose to complete the BIN instead. I guess he did not recall I work for ebay. |
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Valued Member
United States
69 Posts |
Quote:So you bought it. I had a deal with the seller, settled the price and had actually paid him when he put it on BIN. Some form of miss communication I guess. He would not honor our agreement or my payment and chose to complete the BIN instead. I guess he did not recall I work for ebay. Well, I guess I will not be posting here anymore. My intention was only to share some information about this enigmatic counterfeit. But, I see that is not appreciated. -Jos. Curwen, Gent. Edited by joseph_curwen
04/28/2014 11:36 pm
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Pillar of the Community
United States
5362 Posts |
I do appreciate the information about the coin. What I do not appreciate is getting blindsided by the seller and losing the coin I had thought I had a completely done deal on. My real problem is why the seller honored the BIN instead of the deal we had already cut.
That factor - the answer to the WHY question is what I am looking for now.
Perhaps you did not know, but the only reason the auction survived at all was due to my own intervention - it would have been terminated had I not written in support of the value of the coin to researchers.
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Replies: 93 / Views: 21,891 |
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Posted 04/26/2014 01:02 am
