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by letisia90 on February 18th, 2008

letisia90

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Why was there rampant 'illegal' production of coins in the first centrury of the country?

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Answers. 3 helpful answers below.

  • by Tallyman on March 12th, 2008

    Tallyman

    When the "V" nickel first came out the govt forgot to put CENTS on it. Some scammers gold plated them and passed them off as a new type of $5 gold piece (which were in circulation at the time).

    After people caught on in the US, they still did it for awhile in Mexico.

    Later, CENTS was added to the coin.

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  • by richardshines on February 24th, 2008

    richardshines

    One reason was because nickels were considered a lot of money back then. One way one could make a lot of money was to use the illegal nickels and play slot machines over and over and the winnings would be real money. They only had to cash out every time they won and keep using the fakes.

    Richard Shines

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  • by Jeztyr - whispering in the ears of kings on February 18th, 2008

    Jeztyr - whispering in the ears of kings

    Which country?

    1 comment | Post one | Permalink

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