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Anyone Own a Henning Nickel?  
 

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 Posted 10/09/2017  11:10 pm Show Profile   Check spruett001's eBay Listings Bookmark this topic Add spruett001 to your friends list Get a Link to this Message
For anyone wondering what I'm talking about, here's a brief summary from PCGS:


Quote:
In the early 1950s, Francis Leroy Henning of Erial, N.J. (located about 15 miles from the Philadelphia Mint), made more than a half million counterfeit nickels, most of them dated 1944. However, Henning used nickel instead of the wartime alloy to make the coins. He ran into trouble when collectors began noticing slightly oversize and overweight 1944 dated nickels lacking the characteristic mintmark above the dome of Monticello.

Amid newspaper reports concerning a flood of counterfeit "nickels" into a nearby creek and river, federal agents arrested him in Cleveland in 1955. Henning was tried, sentenced to six years in prison, and fined $5,000.


I'm looking to add one to my expanded Jefferson collection at some point. There are some on eBay currently but, I'm unsure of the prices. Does anyone own one and what would be a reasonable price to pay for one?

Getting the "nickel" would be first priority. I'm also interested in the book The Counterfeit 1944 Jefferson Nickel by Dwight Stuckey. Those seem to be much harder to find than the nickels. I know the ANA has a copy they loan out but, I'm not a member (yet) and would really like to own a copy.
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 Posted 10/10/2017  12:06 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I've never owned one, but I have seen 10+ posted on here. They still show up in circulation every once in a very great while.

As of maybe 5 years ago, the "going rate" was $30-$50, depending on the type and condition.
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Edited by Finn235
10/10/2017 12:07 am
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 Posted 10/10/2017  12:24 am  Show Profile   Check Errors and Varietys's eBay Listings Bookmark this reply Add Errors and Varietys to your friends list Get a Link to this Reply
Finn235, so does that mean that some of the fakes got spent in circulation? So the guy who confeited Nickels made a lot and put them into circulation, making it screw up the general circulation.
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 Posted 10/10/2017  12:40 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply

Quote:
As of maybe 5 years ago, the "going rate" was $30-$50, depending on the type and condition.


The ones listed currently range from about $60-$80+. As far as condition, I understand that he intentionally applied artificial wear to them in order to blend in with circulating coins. So, most examples are pretty worn. Some, found quickly, may be AU at best.


Quote:
so does that mean that some of the fakes got spent in circulation?


Most definitely. That was the intention.


Quote:
So the guy who confeited Nickels made a lot and put them into circulation, making it screw up the general circulation.


I'm not sure how much it actually affected legitimate circulating coinage. The article said "more than half a million" so, that's a relatively small percentage to begin with and not all of them, or even most, entered circulation.

There were other years produced but, apparently, the 1944 "No P" is the most common and should weigh about 5.5g (I think that's right). It's an interesting subject to be sure. If you're bored one day, research Henning nickels.
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Edited by spruett001
10/10/2017 12:44 am
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 Posted 10/10/2017  12:51 am  Show Profile   Check Errors and Varietys's eBay Listings Bookmark this reply Add Errors and Varietys to your friends list Get a Link to this Reply
Somethime, I will research Henning Nickels. Thank you spruett001 for that very clever and educated answer. Also, you're right about the small percentage of of the U.S. coinage being affected somewhat. That was a very good answer.
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 Posted 10/10/2017  01:50 am  Show Profile   Bookmark this reply Add uruman to your friends list Get a Link to this Reply
here is mine, I posted back in 2015 when I found it roll searching


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 Posted 10/10/2017  02:07 am  Show Profile   Check BigSilver's eBay Listings Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
I had one that turned out to be a counterfeit counterfeit!!
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 Posted 10/10/2017  03:23 am  Show Profile   Bookmark this reply Add Mrzllewellyn to your friends list Get a Link to this Reply
Bigsilver ain't that a bummer deal. I never knew about these I will definitely keep an eye out for them.

What are the years of them and how can I tell?
Edited by Mrzllewellyn
10/10/2017 03:41 am
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 Posted 10/10/2017  04:24 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
There is a member here that is into them,can't remember who sorry. Give it a bit and they may chime in.
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 Posted 10/10/2017  04:57 am  Show Profile   Bookmark this reply Add Mrzllewellyn to your friends list Get a Link to this Reply
John I believe it's pyrbob I did a little searching and found this thread I will post it so people like me just finding out about how these will know if they found one or if they are buying a real counterfeit

http://goccf.com/t/53117
Edited by Mrzllewellyn
10/10/2017 04:58 am
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 Posted 10/10/2017  08:46 am  Show Profile   Check jgfindring's eBay Listings Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
I've got two, both 1944's but from two different reverse dies. They cost me about $60 each I think.
Pyrbob is the expert on these, I think he's got something like 200 of them.
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 Posted 10/10/2017  10:00 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Henning Nickels are dated 1939, 1944, 1946, 1947, and 1953. The 1944 is easily the most popular year because it's the easiest to spot.
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 Posted 10/10/2017  10:49 am  Show Profile   Bookmark this reply Add JC Stevens to your friends list Get a Link to this Reply
I have a couple. Here is a link for you to check out.
http://www.error-ref.com/henning-co...feit-nickel/
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 Posted 10/10/2017  1:37 pm  Show Profile   Bookmark this reply Add pyrbob to your friends list Get a Link to this Reply
I still have my Hennings. I'm currently trying to obtain more off date Hennings (1939, 1946, 1947 & 1953). I also have a copy of the Stuckey book that I bought years ago in a major numismatic literature auction. BigSilver, could you post a photo of the counterfeit of a counterfeit that you have? Since you mentioned it in this thread I assume it is a Henning.
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 Posted 10/10/2017  4:21 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I've got a '44 that I found in change many years ago, before I knew the Henning story, and just tossed it aside as a curiosity (fortunately).
"You can't fool all the people all the time - others would like a chance."

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 Posted 10/11/2017  1:30 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I have two of the 1944 Henning's (I don't know if they are with or without the looped R) and a copy of the Dwight Stuckey book
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