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Authentic Racketeer Nickel?

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Valued Member
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 Posted 08/12/2019  10:47 am Show Profile   Bookmark this topic Add 1962penny to your friends list Get a Link to this Message
hey guys, I've been hunting around for an authentic example of a racketeer nickel for some time now.
I dont want one that was just plated recently, like what Littleton Coin Company does. I know there's not really a 100% sure way to know if one was actually used back in the day to look like a $5 gold piece, but I know theres definitely some properties to look for.
Anyways, I found this listing and to me, it looks like it could be the real deal. Id appreciate if you guys took a look and gave your opinion! The gold plating seems to have worn down at a similar rate with the coin, and there is gold still in the deepest parts of the coin as one would expect.
https://www.ebay.com/itm/1883-Liber...352737734776
Thank you guys!
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 Posted 08/12/2019  1:06 pm  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply
Sorry I can't help you with that one, but I have a very similar example that was given to me as a type set filler by my uncle years ago.



It's obviously seen better days, but the removed mount on the reverse, which appears to have been added after the plating wore off (no gold can be seen in the crack around it) gives me the impression that the plating has been there a while.

I'll add that while the example on the bay looks like this on the obverse, the reverse appears to have a clearly demarcated ring of gold around the edge and an unplated center.
Edited by Numisma
08/12/2019 1:09 pm
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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.
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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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