There is a counterfeit $5 cent coin that can be sold for more than $400 dollars, it is known as Henning.
Although for many these fake pieces do not have much value because they are illegal, in the world of collectors or auction market many would pay large sums of money.
What makes this fake $5 cent coin so valuable is its history and it gets its name from Francis LeRoy Henning, the creator of these counterfeits.
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Fake $5 cent coin
Henning, born in 1891 in Erial, New Jersey, became an expert counterfeiter of $5 bills.
After being captured and going to prison for three years, he returned to counterfeiting, this time focusing on metal parts since he thought it represented less risk.
So Henning began making five-cent coins that imitated the Jefferson coins. Between 1950 and 1953, Henning minted his counterfeit coins in five different years: 1939, 1944, 1946, 1947 and 1953.
How many copies were manufactured?
Experts estimate that Henning produced at least 500,000 counterfeit nickels with those dates, and at least 100,000 were in circulation.
These coins look authentic at first glance, but they have details that reveal their authenticity.
The 1944 Henning nickel is the easiest to spot because of a mint mark on the reverse featuring the Monticello building.
Many of these coins are of unusual weight. Those from 1944, for example, can weigh around 5.4 grams, slightly more than the standard of 5 grams.
Details to identify them
Pieces from other years, such as 1939, 1946, 1947 and 1953, show characteristics such as dots, spots or raised patches. Cracks in the die or weakness in the letter “R” of “PLURIBUS” can be seen.
Henning five-cent coins are collectible, even though they are fake. It is important to remember that these are counterfeit money, which is often of interest to collectors and numismatists.
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The 1944 coin is usually worth around $50. Coins from less common years, such as 1939, 1946, 1947 and 1953, can fetch up to $100.
A Henning-Jefferson $5-cent coin dated 1939 sold for $404 on eBay in 2022.
The Secret Service considers these coins illegal, and since they are counterfeit, you will not be able to find any official pricing information, such as at the USA Coin Book or the Professional Coin Grading Service.
With information from La Opinion
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2024-07-27 13:54:01