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Gold Plated Head Penny Coin
1871 Half Dime
The nickel is not something one provides quite a lot of thought. Not often the stuff of animated conversation, our little seen 5 cent coin has currently come underneath scrutiny of the federal government bean counters.
The nickel has been discovered to be UNPROFITABLE.
It costs the mint greater than a nickel to make one. And it takes much more than one cent to make a penny. But although the penny might nicely disappear from the US coinage lineup, that is less likely for the nickel. Would the general public really enable prices to spherical up to the subsequent dime?
And moreover, the US nickel has had a fascinating history. At minimum, pretty darn fascinating, particularly if you are a coin collector.
Here are some effective points.
1.The first American nickel was NOT a five cent coin. In actual fact, it was a penny. First struck in 1856, the nickel one cent coin was really known as 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. Typically these pennies were called white cents.
2.The first five cent coin was NOT a nickel. It was a tiny silver five cent coin generally known as a half dime. In truth, the half dime of 1792 was the first US coin licensed by Congress, and seemingly was produced from silver from the George Washington household. This final bit is considerably controversial, however at the moment the story has turn into something of a legend.
3.The 5 cent nickel, and those first nickel alloy pennies, were not the one nickel cash made by the US Mint. There were additionally an entire series of three cent nickel cash made simply after the Civil Conflict to interchange the small, tattered fractional foreign money notes printed and circulated through the hostilities.
4.The Liberty Head Nickel sequence, struck from 1883 to 1912, was touched by scandal at its starting and end. The first cash of 1883 did not have the phrase CENTS anywhere on the coin. The massive Roman numeral V (for the quantity five) was regarded as enough to indicate the value of the coin. Nevertheless, a nickel is nearly the same dimension as a five dollar gold piece, which can also be adorned with a Liberty head. Soon unscrupulous opportunists have been gold plating the new nickels and passing them off as five dollar gold pieces. Simply earlier than the Liberty Head nickel series was replaced in 1913, some enterprising, though less than sincere, mint workers ran off 5 specimens of the Liberty Head nickel dated 1913, now among the most dear of American coins.
5.And the time period Plug Nickel? It is one other method of saying worthless. Coins manufactured from silver and gold had been sometimes altered by cheaters who put in a lead plug into the middle of coin, saving the dear metallic removed for themselves. The coin so altered was price considerably less. Because the nickel was not product of valuable material to begin with, to say something was value not a plugged nickel was to say it was worth not much at all.
At Valueincoins.com find information regarding 1854 half dime, 1849 half dime, and 1857 half dime value.
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