Half Penny
1870 Half Dime
The nickel shouldn’t be one thing one offers a substantial amount of thought. Not often the stuff of animated conversation, our little seen five cent coin has recently come underneath scrutiny of the government bean counters.
The nickel has been found to be UNPROFITABLE.
It prices the mint more than a nickel to make one. And it takes much more than one cent to make a penny. However though the penny might effectively disappear from the US coinage lineup, this is much less probably for the nickel. Would the public actually permit prices to spherical as much as the next dime?
And besides, the US nickel has had a fascinating history. At minimal, fairly darn fascinating, particularly if you are a coin collector.
Here are some high-quality points.
1.The first American nickel was NOT a 5 cent coin. Actually, it was a penny. First struck in 1856, the nickel one cent coin was truly called a nickel by the general public as a result of that was the metal used in its fabrication. The coin was alloyed with copper, but was of a pale whitish color. Generally these pennies have been known as white cents.
2.The first five cent coin was NOT a nickel. It was a tiny silver 5 cent coin generally known as a half dime. In fact, the half dime of 1792 was the first US coin licensed by Congress, and reputedly was created from silver from the George Washington household. This final bit is somewhat controversial, however in the interim the story has develop into one thing of a legend.
3.The five cent nickel, and those first nickel alloy pennies, weren’t the only nickel cash made by the US Mint. There were additionally a whole collection of three cent nickel coins made simply after the Civil Warfare to exchange the small, tattered fractional currency notes printed and circulated throughout the hostilities.
4.The Liberty Head Nickel collection, struck from 1883 to 1912, was touched by scandal at its beginning and end. The first coins of 1883 did not have the word CENTS anywhere on the coin. The big Roman numeral V (for the number 5) was thought to be enough to indicate the value of the coin. However, a nickel is nearly the identical size as a five dollar gold piece, which can also be adorned with a Liberty head. Soon unscrupulous opportunists were gold plating the new nickels and passing them off as five dollar gold pieces. Simply before the Liberty Head nickel collection was changed in 1913, some enterprising, though less than trustworthy, mint workers ran off 5 specimens of the Liberty Head nickel dated 1913, now among the most dear of American coins.
5.And the term Plug Nickel? It’s another means of claiming worthless. Coins fabricated from silver and gold have been typically altered by cheaters who installed a lead plug into the center of coin, saving the valuable steel removed for themselves. The coin so altered was worth substantially less. As the nickel was not made of useful materials to start with, to say one thing was price not a plugged nickel was to say it was value not much at all.
At Valueincoins.com find information about half dime, 1849 half dime, and 1859 half dime.
Styx Half Penny, Two Penny/AD 1958 ’82
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