A RARE Jefferson nickel picked up hot demand among coin collectors online recently – with one selling for more than $400.
Interestingly, the coin that sold is a part counterfeit series produced by Francis LeRoy Henning, a native of Erial, New Jersey.
This scheme was done during the 1900s when nickels were more valuable.
The nickels he counterfeited are said to be engraved with the years 1939, 1944, 1946, 1947, and 1953.
Some of these nickels have some noticeable errors that might drive up demand up coin collectors.
The one sold in the eBay listing is the 1939 Henning Jefferson nickel.
The most noticeable error in the counterfeit coin is the crack on the letter in the lower part of the letter “R” in the word “PLURIBUS.”
While the coin in the listing sold for $404 after 20 bids – it’s tough to say how much this coin is worth.
This is because of the lack of evidence of these coins selling recently online and it’s not clear how many exist in total either.
By Anthony Russo