Gold plated 3 cent coins passed off for $3 coins?
oih82w8
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While the Racketeer Nickle is pretty well known for not having the word "CENTS" on the reverse, has anyone heard/read about a 3 cent piece, primarily the 3CN, being hold plated and passed of as $3 coin? Just curious. 🤔
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It would be very difficult due to the sizes of the coins being noticeably different.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
No. I've never heard such a story.
i think part of the point isn't so much that it is different to us, would it be to non-numismatic people in the 1880s.
although, i guess most that don't know, probably would have no need for such a thing, maybe a few opportunists here and there and then those that would have use, perhaps most or all would know better?
think about how many people still don't know not to put silver into the coin star, in 2023! or buffalos, mercs, w quarters etc.
we just don't know what we don't know sometimes, ya know?
edited to add: to specifically answer the op, i personally do not recall reading/hearing this before but wouldn't surprise me at all. if we could go back in time, i'm sure there was a LOT of this type of thing being attempted with a few different usa type coins. there are at least a few issues with no denomination, especially the early stuff. why they never put it on the coins SOMEWHERE, i will never understand.
when it comes to money people will try most anything to make a grab for it, jmo & fwiw
I have not heard of the 3CN being gold plated and passed off as $3.... Might have happened, but seems it never made a big splash. Cheers, RickO
Back in the day it worked for the no cents nickel because it was similar in size to the $5
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Less than 1 mm in diameter difference, easily overcome with a hammer, anvil, and leather. In order to have any success, it would have had to have been done in 1865 when they were still new. A bit surprising that it didn't happen, actually. Leads me to wonder just how overstated the frequency of this happening with the nickels in 1883 was.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I imagine that the coin shortage of the Civil War had an impact on this scenario. How many people were willing to put hard money into commerce at the time and not continue hoarding? It took years for silver to return to circulation, I don't expect gold fared any better.
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You better check your math since17.9 mm for the CN 3 cent versus 20.5 mm for the gold $3 equals a difference of 2.6 mm.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Actually, I need to check my reading. I saw 19.7 for whatever reason.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
The three cent nickels are the same size as a dime. This was no problem in 1865, but eventually somebody invented the pay telephone which took a dime, a lot of money in the 1880’s. Pay phones filled up with three cent, and some phone companies demanded that the Treasury redeem them for 10 cents each. Treasury told them to drop dead, but eventually they discontinued making the three cent piece.
German Pfennigs used to work in the Chicago subway turnstiles. The legit tokens were more than a dollar. People kept coming into the coin shop trying to buy Pfennigs and lying about why they wanted them.
I used to get requests to bring rolls of them back when I went to Germany on business trips.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution