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Dec 23, 2005, 12:42 PM
#21
Re: Nickel finds...
You are right, Snee. I claim temporary amnesia. Check this out from TheCoinAlley.com .
A Second interesting coin fact is, what are coins made of?
Well in 1792, the United States Mint required that all coins minted would be made of copper, silver, or gold. This was the standard for over a hundred years, and in 1965 Congress decided to stop using silver in Dimes and Quarters, and reduced the amount of silver used in dollars and half dollars as well. Well that was the past, what about today's coins, what are they made of. Nickels, Dimes, Quarters, and Half Dollars are made of copper and nickel of different percentages. The Golden Dollar (Sacagawea) was made of copper, nickel, zinc, and manganese.
No wonder I was confused. Not really I was just concentrating on why they made so many nickels in 1964? Any thoughts?
Ed
Keep detecting, Keep finding, Keep digging!
Ed Donovan
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Dec 23, 2005 12:42 PM
# ADS
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Dec 23, 2005, 12:49 PM
#22
Re: Nickel finds...
I believe they made the 1964 nickle for 2 years. Check and see if i'm wrong! I rather new at this coin roll hunting hobby. But i believe i read this somewhere.
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Dec 28, 2005, 12:10 AM
#23
Re: Nickel finds...
I remember reading somewhere(possibly Coinworld) that the silver content of wartime nickles is higher (by weight) than the other silver coins, making them worth more than dimes quarters etc pre-1964.
In other words a silver dime pre '64 had 90% silver making it worth 9 cents back then. A silver wartime nickel had enough silver in it to make it worth more than 4 1/2 cents. does that make sense? LOL, having a hard time coming up with this concept.
another way of putting it is- there is more silver in a 35% wartime nickel than half a 90% silver dime.
anyways, I'll try and find the article again, the gist was that the silver content in the wartime nickels was appreciable.
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Dec 28, 2005, 02:17 AM
#24
Re: Nickel finds...
They're close but the pre-1964 dime has more silver content.
Wartime nickel - .05626 oz. actual silver weight
pre-1964 dime - .07234 oz. actual silver weight
With silver at around $8.00 per oz. right now, wartime nickels are worth about 45? each in bullion value. Add or subtract roughly 5? in value for each dollar silver goes up or down (if silver were $9/oz. each nickel would be valued at 50?).
Last appearance in pocket change:
Wheat penny - 1955 (11/1/12)
Silver - 1928 dime (12/5/11)
Dollar coin - 2010-D (Pierce) (4/16/12)
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Dec 28, 2005, 07:38 AM
#25
Re: Nickel finds...
You folks here going to get in on the competition coin roll hunt this weekend?