Coin Question?
Okay all you budding numismatist, what coin was first nick-named a "Nickel" by Americans. I need the date and what it was.
Okay all you budding numismatist, what coin was first nick-named a "Nickel" by Americans. I need the date and what it was.
Barkley Hound
Favorite Answer
Applying the term "nickel" to a coin actually precedes the usage of five-cent pieces made from nickel alloy. The term was originally applied to the Indian Head cent coin from 1859–1864 which was composed of copper-nickel. Throughout the Civil War these cents were referred to as "nickels" or "nicks". When the three-cent nickel came onto the scene in 1865, these were the new "nickels" to the common person on the street. In 1866, the Shield nickel hit the spotlight and forever changed the way Americans associated coins made from nickel alloy with a particular denomination.
Anonymous
Prior to introduction of the nickel, five-cent pieces were very small silver coins called half dimes. Due to shortages of silver during and after the American Civil War, an alternative metal was needed for five-cent coinage, and the copper-nickel alloy still in use today was selected. Numerous problems plagued the coinage of nickels through the middle of the 20th century due to the extreme hardness of the alloy, but modern minting equipment has proven more than adequate for the task.
Nickels have always had a value of one cent per gram (even when special nickel-free versions were issued temporarily during World War II). They were designed as 5 grams in the metric units when they were introduced in 1866, shortly before the Act of July 28, 1866 declared the metric system to be legal for use in the United States.
Applying the term "nickel" to a coin actually precedes the usage of five-cent pieces made from nickel alloy. The term was originally applied to the Indian Head cent coin from 1859–1864 which was composed of copper-nickel. Throughout the Civil War these cents were referred to as "nickels" or "nicks". When the three-cent nickel came onto the scene in 1865, these were the new "nickels" to the common person on the street. In 1866, the Shield nickel hit the spotlight and forever changed the way Americans associated coins made from nickel alloy with a particular denomination.
mirrorcoin
Was it the shield nickel? The date it was first minted was 1866. Although half-dimes could have been nick-named nickels as well. I hope this information helps answer your question.
Maryann
Value of a 1911dime