Its not easy to ascertain whether you have a "genuine" racketeer nickel as they are all altered coins tampered with outside the Mint. Generally, the ones used in 1883 have some or all of the gilt rubbed off and have a very carefully reeded edge.
Racketeer Nickel In 1883 the American government issued new five-cent pieces lacking a CENTS denomination. The coin's reverse displayed a large V.
Racketeer nickel
A gold-plated 1883 No “CENTS' Liberty Head five-cent coin (“V' nickel). The story goes that a deaf-mute gold-plated these unfamiliar coins and would buy something for a nickel or less.
racketeer nickel
Refers to nickels made in 1883 without lettering that identified their value being 5 cents. Crooks plated these nickels and passed them off as $5 gold pieces.
radiate ...
Racketeer nickel: in 1883, the first of the new Liberty Nickels were struck without the word "CENTS." Con men applied reeding to the edges, gold-plated some of them, then passed them off as $5 gold pieces! ...
Even today, it isn't uncommon to find these "racketeer nickels" in hoards and collections. Their value as collector's items is small, but they hold great appeal as historical curiosities.
By then, however, the Mint had struck nearly 5-1/2 million of the so-called "No CENTS" nickels, and many had been gold-plated and passed. Even today, it isn't uncommon to find these "racketeer nickels" in hoards and collections.
No Â"CENTSÂ" nickel Those Liberty Head or Â"VÂ" nickels struck in 1883 without a denomination. This was very confusing to the public and led to the Â"racketeerÂ" nickel scandal. See also Racketeer nickel.
" Dishonest people took advantage of this oversight and gold-plated the nickels trying to pass them off as 5-dollar gold coins! The nickname "Racketeer Nickel" was given to this coin.
Barber quickly created a new design, this one with the word cents prominently displayed on the back. The first nickels soon became known as the "no cents" nickels. The nickels that were gold plated became known as "racketeer nickels" and can still ...
[See Tonguing, Slide Marks] Racketeer Nickel In 1883 our government issued new five-cent pieces lacking a CENTS denomination. The coin's reverse displayed a large V.
 See also: Nickel, Mint, Coin, Revers, Cent
  
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