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What is a gold 5 cent coin from 1888 worth?

Updated: 9/27/2023
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Btu38

Lvl 1
15y ago

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The U.S. has never made a 5-cent gold coin. If your coin has a large V on the back and the word CENTS near the bottom, it's a standard Liberty nickel that was plated.

When the denomination first was issued in 1883, crooks quickly noticed that the word CENTS was not part of the original design. They gold-plated them and passed them off as a "new design" $5 gold piece. These became known as "racketeer nickels" and are now considered to be quite collectible despite being fakes. The Mint soon changed the design to add the word CENTS, and the fakery stopped.

If your nickel is dated 1888 and not 1883, it may have been a late attempt at making a racketeer nickel, or simply something that was plated for use in a necklace or other jewelry. In that case it's unlikely to be worth more than a small amount above face value because it's technically an altered coin.

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15y ago
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15y ago

As of 04/2009, retail prices for a coin from Philadelphia (no mint mark) range from around $270 if very worn to about $500 in the lowest uncirculated grade. If it has a "CC" mint mark on the back, the range is $275 to $1300

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