The hobo nickel is a sculptural art form involving the creative modification of small-denomination coins, resulting in miniature bas reliefs. The United States nickel coin was favored because of its size, thickness, and softness; but the term hobo nickel is generic, carvings having been made from many denominations. Because of its low cost and its portability, this medium was particularly popular among hobos, hence the name.
Early altered coins (1750s–1913)
The altering of coins dates from the 18th century or earlier. Beginning in the 1850s, the most common form of coin alteration was the "potty coin", engraved on United States Seated Liberty coinage (half dime through trade dollar) and modifying Liberty into a figure sitting on a chamber pot. This period was also the heyday of the love token, which was made by machine-smoothing a coin (usually a silver one, such as a Morgan dollar) on one or both sides, then engraving it with initials, monograms, names, scenes, etc., often with an ornate border. Hundreds of thousands of coins were altered...
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