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Authentic Racketeer Nickel?

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 Posted 08/12/2019  1:26 pm  Show Profile   Bookmark this reply Add 1962penny to your friends list Get a Link to this Reply
the reverse of the ebay one does look a little suspicious. thanks for your reply!
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 Posted 08/12/2019  1:39 pm  Show Profile   Check captainrich's eBay Listings Bookmark this reply Add captainrich to your friends list Get a Link to this Reply
I know that some of the so-called "authenic" Racketeer Nickels have engraved reeding on the edge to further make the coin appear to be a gold piece, but I noticed that the eBay seller you refer to does not mention the edge of that coin.
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 Posted 08/12/2019  3:03 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply

Quote:
I know that some of the so-called "authenic" Racketeer Nickels have engraved reeding on the edge to further make the coin appear to be a gold piece, but I noticed that the eBay seller you refer to does not mention the edge of that coin.

Good point. Mine isn't reeded either, so I wouldn't be at all surprised if it was plated a while after 1883.
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 Posted 08/12/2019  4:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
This would not be a difficult effect to achieve. I'd be skeptical.
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 Posted 08/12/2019  4:19 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
Unless you have solid provenance going back to at least 1900, I would be very suspicious. Even then, I would be cautious.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
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 Posted 08/12/2019  4:29 pm  Show Profile   Bookmark this reply Add 1962penny to your friends list Get a Link to this Reply
thank you guys! I'll hold off on the purchase for now. bummer
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 Posted 08/13/2019  12:38 pm  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
nope, not real
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 Posted 08/13/2019  8:58 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
Having owned a number of the so-called Racketeer nickels over the years, this one is as close to being an "authentic" counterfeit as I've seen ....





Five bucks was a healthy piece of change in the 1880's, so the above alteration was well worth the time and effort to create it; that's to say, IF the maker didn't get caught!
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 Posted 10/20/2019  05:47 am  Show Profile   Bookmark this reply Add Nickelcollectr85 to your friends list Get a Link to this Reply


This is my racketeer nickel I purchased at an antique store years ago has most of the gold plating worn off but it appears to be left in places it would more difficult to come off.. the edge is also reeded and plated as well that is the reason I ended up purchasing this coin. You were saying that you'd like to find an authentic one id definitely start with the reeding on the edge I read in an article that older specimens has hand reeds made reeds in them do to the fact the $5 gold coin has them. To make them look for authentic
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 Posted 10/21/2019  4:51 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Being this size of a nickel is one of the most disappointing things about a half eagle. But the dime-sized quarter eagle is even more disappointing.

My feeling is always "Is that all?" Eagles are much more satisfying size-wise.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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 Posted 10/28/2019  5:00 pm  Show Profile   Bookmark this reply Add Nickelcollectr85 to your friends list Get a Link to this Reply
Your exactly right THQ the v-nickel diameter 21.21mm and the golden eagle is 21.6mm crazy similar... the biggest difference is the weight the v-nickel is 5 grams and the golden eagle is 8.36 grams... almost a 2/3's heavier than a standard v-nickel
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 Posted 10/28/2019  5:52 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
This would not be a difficult effect to achieve. I'd be skeptical.

. I would not buy that coin as a genuine racketeer Nickel .
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 Posted 02/13/2020  09:40 am  Show Profile   Bookmark this reply Add NECE to your friends list Get a Link to this Reply
I'd like to weigh in here by presenting an article from the Smithsonian magazine that show a racketeer nickel unearthed in Deadwood. This is the "only know racketeer nickel to be unearthed in an archeological dig".

https://www.smithsonianmag.com/smar...l-180961066/

I think this puts to rest the idea that "real" racketeer nickels had ridges on the edges. The plating process of the day employees a solution of gold chloride to put a thin layer of gold. This was and is often referred to as gilting or a gold wash. This was used to coat the inside of teaspoons, drinking glasses and bowls. This type of plating would not adhere well to the ridges of a coin. This would look particularly bad if the edges were done in a crude handmade process.

The coin found at Deadwood had no ridges and the plating is a good example of gilting or flash.

The modern electro plated coins have a shiny smooth finish and over time this process causes the copper to migrate to the surface and break the gold surface (copper creep). Better modern flashed coins take this into account. The photos in the link below show a modern racketeer nickel made a few months ago using the gilting or flash process.

http://www.necoinexchange.com/blog

I have not seen an example of a certified racketeer nickel from NGC or PCGS - I would love to hear from them on this subject.
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 Posted 02/13/2020  2:24 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list Get a Link to this Reply
to the CCF, Nece.

IMHO, the Smithsonian article puts nothing to rest. Apparently, the guy who wrote it is no authority on coins. One of his sources, Coin Trackers, said that the word CENTS was added in 1884, when it was actually added the same year, 1883.

It's extremely likely that more than one individual engaged in plating the nickels. Thus, there's no way of defining an original in any way, methinks. The gilt nickels, bearing reeded edges obviously took more time and effort to produce. Then too, there are far fewer of them on the market. Atop this, the reeded edges give them a more authentic appearance, so they command more collector interest and higher prices. Regardless of the edge, these are all altered coins.

The specimen cited in the Smithsonian benefits from provenance and publicity. IMHO, these aspects don't make it any more "original" than other, high grade, gilt pieces. It's true that the electroplated pieces are easier to peg as modern. I've seen many plain edge nickels like the reeded one I posted, bearing partially worn gilt, evidencing some degree of circulation. When it first entered circulation, fully gilt, these would've been more deceptive.

Playing devil's advocate, the "Deadwood nickel" is richly plated which suggests it may not have circulated at all. Perhaps, it was gilded for another reason? If so, the "Racketeer Nickel" label doesn't fit this piece. I've yet to see one made as a button, but an item of jewelry is more likely. It may have been made for a collector?

I view the Smithsonian article to be fanciful but a fun read, nevertheless. It draws attention to their activity, but factually, the article falls far short of being serious research.

Try as I did, I'm unable to define an "original" Racketeer nickel. I do see two categories of these puppies ....

1) fully plated, mostly low grade specimens (Littleton pieces and the like, circa 1960's) - made for collectors

2) partially plated, predominantly high grade pieces that experienced wear in circulation - made to deceive

@Nickelcollector .... May we view your slabbed piece?
Edited by ExoGuy
02/13/2020 2:24 pm
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