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Counterfeit 2004 Jefferson Nickel

 
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New Member
United States
47 Posts
 Posted 05/10/2014  10:27 pm  Show Profile   Bookmark this reply Add Crouse27 to your friends list Get a Link to this Reply
You guys are pretty serious specialists. Thanks for sharing. It seems interesting and looking through that sellers other items he has a variety of coins and bills that do seem he pulled from circulation that would interest collectors. Most of what he sells are electronics.

I have been a LMC guy for a few years and recently accumulated about $500 in nickels from local banks. Although nickels are less valuable than copper cents, they can still be had without a need to sort and the metal intrinsic value is about the same as face value. Once the Mint places magnesium (or manganese I don't recall) into the alloy then current JN's, I speculate, may become more valuable. Anyhow, I plan on finding a strong magnet and going through them.

Should another of these counterfeits appear I will share here. I doubt It, but one never knows!

Thanks!
Edited by Crouse27
05/10/2014 10:29 pm
Pillar of the Community
United States
585 Posts
 Posted 05/22/2014  4:09 pm  Show Profile   Bookmark this reply Add Hflirn to your friends list Get a Link to this Reply
I guess it could be one way to get rid of a countries waste product. Molded asbestos wrapped in aluminum foil lol!
New Member
United States
1 Posts
 Posted 06/28/2019  3:15 pm  Show Profile   Bookmark this reply Add ATPro digger to your friends list Get a Link to this Reply
found the identical coin in a roll this week. weighs 4.2 grams and magnetic. sad that listing on EBAY is not allowed. surface is grainy, IN GOD WE IRUST, no men or oars--- Jeff before he entered witness protection--- he be ugly. if there's 2 ---- there's more out there
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United States
74970 Posts
Valued Member
United States
68 Posts
 Posted 07/05/2019  06:20 am  Show Profile   Bookmark this reply Add HappyHippo to your friends list Get a Link to this Reply
Well, if it's not made with the appropriate alloy, maybe "In God We Rust" is appropriate. Don't know what the I stand for.
Bedrock of the Community
Australia
15625 Posts
 Posted 07/05/2019  06:59 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
One of those rare cases where the counterfeit would be valued at more than the genuine article.
why?
Why would you bother to counterfeit a common coin?
Perhaps the fact that is IS a counterfeit, is the reason for the higher value.


I have seem some strange things in the world of fake coins.
I viewed a silver Hong Kong 10 Cents recently. It should have been in copper nickel !
THAT makes the counterfeit coin a 'keeper'.
Pillar of the Community
United States
619 Posts
 Posted 07/05/2019  10:12 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
Could be someone in Ecuador or El Salvador doing it, they use U.S. currency and coin, and likely a nickel has more value in those countries than it's worth here.

There'd be a reason to make fake U.S. coins, even low denominations, to see if it's passable before working up to something of more value, practice makes perfect.
I'd thin El Salvador would be likely, with the migrants and asylum seekers coming here, this would be how something like that leaves circulation there, and winds up in circulation here. Probably away from the tourist areas you could get something to eat from a street vendor for even 5 cents I'd think a piece of fruit or something let's say.


Valued Member
United States
421 Posts
 Posted 07/05/2019  11:06 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
Counterfeit modern nickels? Why? They are not worth much over face value so the effort put into it seems pointless to say the least. What's next? 2017 Lincoln's?
Pillar of the Community
United States
4851 Posts
 Posted 07/07/2019  12:48 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
The purpose of counterfeiting is to make a profit. This is LAW # 1 of the trade.

So if you could make a five cent coin for say 4 cents it would be a very profitable undertaking. Your profit would be 20 % over investment. So that is the why answer.

The question then becomes where could such a five cent coin actually pass. This answer is anyplace where it will not be noticed. If the weight is correct - it can pass into a coin counter or a vending machine. Since very few people actually look at five cent coins, I suspect it would even pass in the US (a few times anyway). So if you remember the second law of counterfeiting - that to be successful a counterfeit has to pass only one time - I would see the coin as potentially successful.

I am still in the market to purchase one of these counterfeit 5 cent coins to study it. If anyone has one please contact me.


My book on Counterfeit Portrait 8Rs is available from Amazon http://ccfgo.com/TheUnrealReales or from me directly if you want it signed.
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