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Coin and Paper Money Collecting/counterfeits
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Question
I have a 1944 nickel with no mintmark and realize it a counterfeit. I find it neat and don't want to use it has legal tender, as it is part of my coin collection, but wonder about the legal implications of owning it?
Hi Mike,
I've actually seen a couple of these war nickels with very weakly struck mint marks that were almost non-existent. If it's the right size and weight, this may be the case with your coin.
In any case, there are no legal implications for owning the coin. As long as you don't try to spend it, like you said. If you ever tried to sell the item, it would have to be marked "copy" somewhere on the coin.
Let me know if you have any other questions.
Thanks! =)
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Answers by Expert:
Dmitry Livshits
Expertise
My specialty is world coins from the 18th to 20th centuries, primarily non-US foreign coins and related areas such as errors and exonumia (tokens, medals, etc.). I can answer questions relating to identification, grading, selling, preservation and evaluation of such items. In addition to catalog value, I can give you the practical market value and trends for specific types of coins. I will also take questions regarding counterfeits (both modern and antique) and on how to identify them. I am NOT knowledgeable in paper money/banknotes, ancient or "shipwreck" coins. Thank you.
Experience
Collector of world coins since early childhood. Access to a variety of auction records and reference material. You can also find me on Facebook.
Education/Credentials
A.S. in Psychology (2006), B.A. in Forensic Psychology (2008), M.A. in Forensic Psychology (2011).
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