Just Joshing
Josh
Tatum was a deaf mute who was able to use an oversight of the Mint
to his advantage. In 1883, the Mint produced the newly designed
Liberty nickel. On the reverse of the coin, the design featured a
Roman numeral "V" but nowhere did the word "cents" appear.
Realizing an opportunity, Mr. Tatum had several of the newly minted
cents electroplated with a thin layer of gold. Tatum then traveled
to various stores, buying items with a value less than 5 cents.
When the clerk rang the item up, Tatum handed over one of the gold
plated nickels. The store clerks usually assumed that the coin was
a $5 gold piece and would give Mr. Tatum change. Tatum amassed
quite a bit of money before being caught by police. He was found
innocent of charges since by being mute, Tatum never represented
that the coin was a $5 gold piece.
The Mint soon realized the error of their ways and redesigned the nickel to show the word "cents" later in the same year. Josh Tatum's flirt with the Law gave birth to the phrase, "I'm just joshing you."
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