Legend Numismatics, a coin dealership in Lincroft, New Jersey, bought another from collector Ed Lee of Merrimack, New Hampshire on Jfor $4.15 million, the second-highest price ever paid for a rare U.S. The "Olsen specimen", named for a previous owner, was auctioned in 2003 for $3 million. At one point, all five known 1913 coins were owned by Colonel E.H.R Green, son of the famous Hetty Green. There are currently only five known genuine examples of this 1913 coin (though many counterfeits exist), making them some of the most valuable coins in existence. However, an unknown mint official illegally produced an unknown quantity of V Nickels with the date 1913. Liberty Head (V) Nickels were officially minted from 1883 to 1912. Cost of a ride on a public transit vehicle - such as a bus or subway - also stood at a nickel during the same period that a pay-phone call carried that charge, in many cities. This gave rise to the phrase "It's your nickel" in conversations to refer to the prerogative of the person who paid for the phone call to steer the conversation. However, in some places - notably in New Orleans, but mostly in scattered rural areas - the price for such calls remained at a nickel as late as the mid-1970s. Local calls placed from public phone booths in the United States cost a nickel in most places until the early 1950s, when the charge was doubled to a dime (10 cents). In 1866, the Shield nickel hit the spotlight and forever changed the way Americans associated coins made from nickel alloy with a particular denomination. When the three-cent nickel came onto the scene in 1865, these were the new "nickels" to the common person on the street. Throughout the Civil War these cents were referred to as "nickels" or "nicks". The term was originally applied to the Indian Head cent coin from 1859–1864 which was composed of copper-nickel. They were designed as 5 grams in the metric units when they were introduced in 1866, shortly before the Act of Jdeclared the metric system to be legal for use in the United States.Īpplying the term "nickel" to a coin actually precedes the usage of five-cent pieces made from nickel alloy. Nickels have always had a value of one cent per gram (even when special nickel-free versions were issued temporarily during World War II). 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. 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. Prior to introduction of the nickel, five-cent pieces were very small silver coins called half dimes. 5 Profile of Jefferson nickel (1938–2004).In 2006, Monticello returned to the reverse, while a new image of Jefferson facing forward was featured on the obverse. For 20, nickels featured new designs to commemorate the bicentennials of the Louisiana Purchase and the Lewis and Clark expedition these new designs were called the Westward Journey nickel series. From 1938 to 2003, Monticello was featured on the reverse. The nickel's design since 1938 has featured a profile of President Thomas Jefferson on the obverse. The United States five-cent coin, commonly called a nickel, is a unit of currency equaling one-twentieth, or five hundredths, of a United States dollar.
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