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1883 V Liberty Head nickle - gold plated

I just purchased an 1883 Liberty Head nickle on ebay, in AU condition. When it arrived, it is one of the gold plated ones that were intended to fool people into thinking it was a $5 gold piece. The colors in photos are not always very clear. It looked like a bright white to yellow. Now I know why very light yellow tint. Nothing was stated in the description about this being a gold plated coin. Are these valuable at all?

Comments

  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    Most "racketeer nickels" are recently gold-plated reproductions of the ones so famously passed as half eagles in 1883. They are more curiosities than numismatic pieces. As far as I know, they do not command a premium.

    If you were to have one that looked like a contemporary gold-plated piece, I think it would have more historical value than a non-plated 1883 N/C in the same condition.
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  • I know some of the vintage ones actually had reeding filed onto the edge but I don't know if you could use that as a solid diagnostic as I am sure they came both ways as could the modern examples. I would probably send it back unless it was cheap.....then I would probably contact the seller and try to work something out before leaving Negative feedback.
  • As you well know the Liberty Head Nickel was introduced in 1883 and the first issues had the roman numeral "V" on the coins reverse to indicate its value.
    The Nickels size and weight were similar to that of a gold half eagle and the lack of the word "CENTS" led to numerous pieces being gold plated and reeded to pass as the gold half eagles.These coins came to be known as "Racheteer Nickels".
    Later in that same year the problem was corrected by the addition of the word "CENTS"below the wreath on the coins reverse.

    INFO from the book "Striking Impressions" by Robert R. Van Ryzin.

    I would think that since you could take any 1883 "V" Liberty Head Nickel and add reeding and then gold plate it, that they would not carry any premium .
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    I bought a WC and a NC a couple of weeks ago.
    I had thought that the NC was maybe plated lightly....it wasn't. When I picked it up and looked at it, it was golden toned.

    So, they can be slightly misleading.....

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • airplanenutairplanenut Posts: 22,336 ✭✭✭✭✭
    Check first to be sure it's not really a $5 Liberty image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research


  • << <i>Check first to be sure it's not really a $5 Liberty image >>



    Yah, I wish. Good point.
  • BillJonesBillJones Posts: 34,612 ✭✭✭✭✭
    The only gold plated 1883 No Cents nickels that are worthwhile are the ones with reeded edges IMO. The others are just damaged coins with nice little stories.

    You should send the coin back if it does not have a reeded edge. Gold plating is a form of damage, and a coin with gold plating cannot be graded AU. You did not get what you paid for.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • relayerrelayer Posts: 10,570

    It's pronounced "NICKEL"
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