artyfacts
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DCMatt;5382470[COLOR=#323232 said:]
In 1883 the Mint issued a new 5c coin with the head of Liberty and a Roman “V” meaning “5” on the reverse. Many people thought that the coin was an error since in didn’t have “cents” anywhere on the coin.[/COLOR]
The lack of the word cents created an opportunity for the unscrupulous. The coins were gold plated and reeds were cut into the edge by hand (nickels have a plain edge) and they were passed off as $5 gold coins. The most famous criminal case about altered 5 cent coins involved a deaf mute named Josh Tatum. He would go to cigar stands and purchase a 5c cigar and pay with a gold plated, hand reeded nickel. The attendant would assume that it was a $5 gold piece and give Josh $4.95 change. He was acquitted since he never said that the coin was $5, he couldn’t. The Mint learned its lesson and later that year put the word “cents” at the bottom of the reverse.