Buy 1883 "No Cents" V Racketeer Nickel Set Online
Did you know that such a mere nickel caused a huge controversy? In1883, the U.S. Mint briefly produced nickels that were missing the word "Cents" on the reverse. The coin simply had a roman numeral "V" on the reverse. Clever observers took note and decided to plate the nickels in gold to try to pass them off as $5 Gold coins! They were just about the size of a $5 gold coin and they had the number 5 on them, so countless people fell for this trick.
With inflation, $5 in 1883 is equivalent to about $125 in today's money. After so many people were duped into these fake gold coins, the Mint finally put the word "cents" on the coin to put an end to the scams. This is a fantastic set of the original "no cents" nickel and the gold plated ones used to get rich quick in circulated condition. This is a really fun set to collect, and show off the coins and story to your friends and family. Add this set of the most controversial nickels in US history to your collection today!
Highlights:
- A true piece of Americana
- Nice condition
- Genuine gold plated
1883 "No Cents" V Racketeer Nickel Set For Sale
The 1883 "No Cents" V Nickel is a fascinating and historic piece of American coinage, especially when paired with the infamous gold-plated "Racketeer Nickel." Here’s why this set is a must-have for collectors:
Historical Significance
- Unique Error: The 1883 "No Cents" V Nickel was the first nickel of its kind, featuring a large Roman numeral V on the reverse but without the word "Cents." This omission led to confusion and misuse.
- Racketeer Nickels: Some enterprising individuals gold-plated these coins to pass them off as $5 gold pieces, leading to one of the most notorious scams in U.S. numismatic history.
Design and Composition
- Composition: The V Nickel is composed of 75% copper and 25% nickel.
- Design: The obverse features a left-facing profile of Lady Liberty, surrounded by stars. The reverse has a large Roman numeral V, indicating the denomination, surrounded by a wreath.
Collectibility
- Historical Error: The "No Cents" V Nickel is highly collectible due to the unique error and the subsequent scandal it caused.
- Racketeer Nickel: A gold-plated version adds an intriguing piece of numismatic lore to your collection, representing the ingenuity and deceit of the era.
Set Details
- Original 1883 "No Cents" V Nickel: An authentic coin from the first year of issue, representing a critical moment in U.S. coinage history.
- Gold-Plated "Racketeer Nickel": A replica of the infamous gold-plated version used in the scam, offering a tangible piece of history and a great conversation starter.
Owning the 1883 "No Cents" V Nickel along with its gold-plated counterpart offers a unique glimpse into a fascinating chapter of American coinage history. The combination of historical significance, intriguing backstory, and collectible appeal makes this set a valuable addition to any collection.
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