Coin Collecting at The Coin Alley
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Nickel Five Cent Piece

The Nickel Five Cent was first minted in 1866.  The term nickel is used to because it is the main alloy used to strike the coins.  However, adjustments had to be made due to the fact that nickel is a very hard metal and the dies were breaking under the considerable amount of stress.  There were four varieties of the nickel five cent minted, Shield Type, Liberty Type, Buffalo Type, and Jefferson Type.

Shield Type (1866-1883)

Shield Typeshield type

The Shield Nickel was the first of the five cent minted and they were minted in the Philadelphia Mint.  More than 126 million nickels were minted between 1866 and 1883.  The Nickels were a wonderful representation of coinage back then, and even if they were not very popular with the people they are still a great variation of the coin.  The Shield Nickels weighed 5 grams, had a composition of .75 copper and .25 nickel, and its diameter was 20.5 millimeters.  The coin presented a shield and a wreath with the words In God We Trust above the shield and the date below.  On the reverse the number 5 was surrounded by 13 stars and the words United States of America on the upper rim and cents on the lower rim.

Liberty Type (1883 - 1913)



The Liberty Nickel Five Cent was introduced in 1883, and there was a lot of controversy in the minting of the coin, due to the fact that the coins minted didn't have the word "cents" on them.  Well many took advantage of this and plated the coins in gold and passed them off as $5 dollar half eagles. Well once this error was recognized Barber, the chief engraver at the time, quickly designed the new nickel with the word CENTS in bold letters under the V.  The final year, 1913, the Liberty V Nickel was to end and a new design was to emerge.  However, mysteriously 5 Liberty V Nickels surfaced and despite the controversy surrounding the minting of the 5 rare nickel, they have become the most coveted coins in United States History.  The rarity of the coins have brought prices of over 1.5 million dollars, with a final auction of price of the finest known nickel of   3 million dollars.  The Liberty V Nickel portrays Lady Liberty on the obverse of the coin with the date beneath her, and thirteen stars around the rim of the coin.  On the reverse of the coin the Roman Numeral "V"  is surround by a simple wreath, with United States of America on the Rim, and CENTS below the wreath.  The Liberty Head Type V Nickel weighed 5 grams, was made of .75 copper and .25 nickel.  It had a diameter of 21.2 millimeters and they were minted in Philadelphia, Denver, and San Francisco.  The Designer of the Coin was Charles E. Barber.

Indian Head (Buffalo) Type (1913 - 1938)

  

These coins, know as the Buffalo, Bison, or Indian Head Nickels and were the new designs of the coins to take the place of the Liberty Head "V" Nickels, which had been in production since 1883.  The nickels needed a change and the upper authority of the mint and congress wasn't about to say NO.  So a design was to be made to take the place of the Liberty Head nickels previously designed by Barber.  Up until now, most coins portrayed white Indians with Headdresses, so without hesitation, James E. Fraser, designed the Indian Head Nickel to portray the similarities of an American Indian.  He actually had three different Indians pose for him to create his new design.  To keep with the theme of the coin, a buffalo (bison) was designed on the reverse.  The Buffalo was modeled after Black Diamond in the New York Zoo.  The Buffalo Nickel weighed  grams, was made of .75 copper and .25 nickel, and had a diameter of 21.2 millimeters.  The coins were minted in Philadelphia, Denver, and San Francisco.

Jefferson Type (1938 - Present)

  

The Jefferson Nickel Five Cent began production in 1938 and it was the third United States coin to feature a US President.  The Coin was designed by Felix Schlag, who incidentally won an award of 1,000 dollars in a competition of some 400 artist.  The coin went throw tough times, and the need for nickel for the war was in demand and for a brief time, 1942 - 1945, the United States Mint converted back to making the nickels out of silver again.  These coins are well known to collectors and are evident by the mint mark above the dome on the reverse of the coin.  The Jefferson Nickels weighed 5 grams, were made of .75 copper and .25 nickel (except in the years of 1942 - 1945 which the composition changed to .56 copper, .35 silver, and .09 manganese), and they had a diameter of 21.2 millimeters.  The Jefferson Nickel Five Cent were minted in Philadelphia, Denver, and San Francisco.

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