The most common nickel in circulation at that time was the Buffalo Nickel. With its large, Indian head profile on the obverse and the wide bison on the reverse, the coin provided a perfect canvas for Bo to perfect his skills. Experimenting with techniques and design ideas, Bo churned out a plethora of high-quality hobo nickels with meticulous craftsmanship, each one requiring as much as 100 hours to complete.
Unfortunately, life as a hobo eventually took its toll on Bo's hands. The years of rigorous manual labor Bo often worked to survive the poverty and hunger of the Great Depression rendered his hands stiff and damaged. Although Bo worked through the pain, still producing coins through the '40s and '50s, the tragic slip of the chisel in 1957 forever injured his hand -- and his ability to do the work that he loved came to an end. Bo died in 1982.
Today the U.S. Treasury Department officially recognizes hobo nickels as former legal tender mutilated beyond recognition. Therefore, hobo nickels are technically worth nothing. To numismatists, however, these one-of-a-kind, rare works of art are more special than gold. Today, hobo nickels are in high demand among collectors. Some have sold for as much as $5,000, although most that sell at auction or coin conventions warrant $100 to $300. To safeguard the memory of hobo nickels, the Original Hobo Nickel Society was formed. It is dedicated to preserving the popularity of this uniquely American folk art, ensuring that the legacy of men such as Bo and Bert lives on.