1872 Half Dime
The nickel isn’t one thing one provides a great deal of thought. Not often the stuff of animated dialog, our little noticed 5 cent coin has recently come under scrutiny of the federal government bean counters.
The nickel has been discovered 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 may properly disappear from the US coinage lineup, that is much less probably for the nickel. Would the public actually enable costs to spherical as much as the next dime?
And in addition to, the US nickel has had a captivating history. At minimal, fairly darn attention-grabbing, particularly if you are a coin collector.
Here are some fine points.
1.The first American nickel was NOT a five cent coin. Actually, it was a penny. First struck in 1856, the nickel one cent coin was really known as a nickel by the general public because that was the metallic used in its fabrication. The coin was alloyed with copper, however was of a pale whitish color. Typically these pennies had been referred to as white cents.
2.The first 5 cent coin was NOT a nickel. It was a tiny silver five cent coin often known as a half dime. In reality, the half dime of 1792 was the first US coin approved by Congress, and reputedly was made out of silver from the George Washington household. This last bit is somewhat controversial, but in the intervening time the story has turn out to be something of a legend.
3.The five cent nickel, and people first nickel alloy pennies, were not the only nickel coins made by the US Mint. There have been additionally an entire series of three cent nickel cash made just after the Civil Struggle to replace the small, tattered fractional currency notes printed and circulated through the hostilities.
4.The Liberty Head Nickel series, struck from 1883 to 1912, was touched by scandal at its starting and end. The first coins of 1883 did not have the phrase CENTS anyplace on the coin. The big Roman numeral V (for the number 5) was thought to be enough to indicate the worth of the coin. However, a nickel is nearly the same 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 dollar gold pieces. Just earlier than the Liberty Head nickel sequence was replaced in 1913, some enterprising, although less than honest, mint workers ran off five specimens of the Liberty Head nickel dated 1913, now among the most valuable of American coins.
5.And the term Plug Nickel? It is one other means of claiming worthless. Coins fabricated from silver and gold have been sometimes altered by cheaters who put in a lead plug into the middle of coin, saving the dear metallic eliminated for themselves. The coin so altered was worth considerably less. As the nickel was not product of helpful material to begin with, to say something was value not a plugged nickel was to say it was value not a lot at all.
At Valueincoins.com you’ll find products, information, and resources about 1860 half dime, 1849 half dime, and 1857 half dime value.
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