1856 Half Dime
The nickel just isn’t something one provides quite a lot of thought. Rarely the stuff of animated conversation, our little noticed 5 cent coin has lately come under scrutiny of the federal government bean counters.
The nickel has been found to be UNPROFITABLE.
It prices the mint greater than a nickel to make one. And it takes a lot more than one cent to make a penny. But although the penny could nicely disappear from the US coinage lineup, that is much less seemingly for the nickel. Would the public actually allow prices to round as much as the subsequent dime?
And apart from, the US nickel has had a captivating history. At minimal, fairly darn attention-grabbing, especially if you are a coin collector.
Here are some wonderful points.
1.The first American nickel was NOT a 5 cent coin. In fact, it was a penny. First struck in 1856, the nickel one cent coin was really called a nickel by the general public because that was the steel utilized in its fabrication. The coin was alloyed with copper, but was of a pale whitish color. Generally these pennies were called white cents.
2.The first five cent coin was NOT a nickel. It was a tiny silver 5 cent coin often known as a half dime. Actually, the half dime of 1792 was the primary US coin licensed by Congress, and reputedly was constituted of silver from the George Washington household. This final bit is considerably controversial, however for the time being the story has turn out to be something of a legend.
3.The 5 cent nickel, and people first nickel alloy pennies, weren’t the one nickel cash made by the US Mint. There have been additionally an entire collection of three cent nickel coins made simply after the Civil Struggle to interchange the small, tattered fractional foreign money notes printed and circulated throughout the hostilities.
4.The Liberty Head Nickel series, struck from 1883 to 1912, was touched by scandal at its starting and end. The primary coins of 1883 did not have the word CENTS wherever on the coin. The big Roman numeral V (for the quantity five) was thought to be sufficient to indicate the worth of the coin. However, a nickel is sort of the identical measurement as a 5 dollar gold piece, which can be adorned with a Liberty head. Soon unscrupulous opportunists had been gold plating the new nickels and passing them off as 5 greenback gold pieces. Simply earlier than the Liberty Head nickel series was replaced in 1913, some enterprising, although less than trustworthy, mint employees ran off 5 specimens of the Liberty Head nickel dated 1913, now among the many most precious of American coins.
5.And the term Plug Nickel? It’s one other means of claiming worthless. Cash fabricated from silver and gold had been typically altered by cheaters who installed a lead plug into the center of coin, saving the precious steel eliminated for themselves. The coin so altered was value considerably less. Because the nickel was not made of precious material to begin with, to say something was price not a plugged nickel was to say it was price not much at all.
At Valueincoins.com find information about 1872 half dime, 1865 half dime, and 1864 half dime.
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