Wooden Nickels

Discussion in 'Coin Chat' started by Larry Murphy, Aug 9, 2026 at 5:40 PM.

  1. Larry Murphy

    Larry Murphy Belfast boy

    Anyone out there that remembers the nickel shortage of 1964-65? The First National Bank of Monroe, Wisconsin, to help their small business customers, made several thousand wooden nickels that could be exchanged for cash at the business' and the bank. The Federal Reserve found out and sent agents to the Monroe bank and confiscated the remaining wooden nickels and charged them with violating "franking laws". Does anyone own any of those wooden nickels?
     
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  3. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Heard of a wooden Nickel, not sure about that story though.
     
  4. Mr. Numismatist

    Mr. Numismatist Strawberry Token Enthusiast

  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    I have a number of them but I don’t own that one.
     
    SensibleSal66 likes this.
  6. johnmilton

    johnmilton Well-Known Member

    I remember a silver coin shortage in the mid 1960s but not a nickel shortage. This story is new to me, and I don’t remember reading about it in the coin publications at the time. Still I guess it’s possible.
     

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