Here are some pointers when considering HOBO nickels:
1) Reproductions are usually very worn buffalo nickels, as the engraver is wise enough to know better than deface a valuable coin. Most reproductions are 1936 and 1937 mint years from the
Philadelphia Mint (no mint mark).
2) The cut lines in reproductions are very sharp and clean, with no residue in the cuts. The cuts will show no wear. People who reproduce them get carried away with detail and there is usually a lot of beard hair.
3) A true HOBO Nickel shows wear on the cut lines, and and there is residue in the cuts. The coin should feel smooth and you should not be able to feel the engravings.
4) Most HOBO Nickels are good to very fine as the HOBOs
used circulated coins. They are usually carved on one side, and the majority of real Hobo Nickels are modified on the Indian Head and not the Buffalo, although
there are many carved Buffalos to be found. (The Indian side
was easiest to carve due to the strong features and large
working surface). Remember that HOBOs only had a knife, and not
a modern day high-speed rotary tool with a coin snugly anchored
in a vise.
