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This is a fantasy muling or mint error combining the obverses of the regular circulation one cent and five cent dies struck on a nickel planchet.
Pollock lists this under cents whereas Judd lists it under 5 cents. We consider it a 5 cent piece since it was struck on a nickel 5 cent planchet.
The coin is unique and is Jenks (Cogan 4/1877), Parmelee (1890), Brenner-1914 ANS, Newcomer, Olsen, Farouk, Sloss, Heritage 3/07 at $69,000, Stacks 7/08.
It was the only double denominational muling, from different sized dies, until pieces like those illustrated pieces below - the 1999 Lincoln cent/Roosevelt dime and 2000 Sacagawea dollar/Washington quarter mules - appeared in the marketplace.

Photo courtesy of Heritage and is the actual piece.
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