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<p>[QUOTE="efletche, post: 445678, member: 15934"]Nicknack, I hope this is not too late for you. I found a letter dated may 7th 1866 from the Secretary of the Treasury, Hugh McCulloch. in this letter, he states:</p><p> </p><p> "At the present price of materials, the new five cent piece would cost about $16.50 per $100.00 for the nickel and copper. All other expenses would probably be covered by $3.00 per $100.00; making the total cost $19.50 per $100.00 or for $3 million, $585,000.00"</p><p> </p><p>Hope this helps answer your question.[/QUOTE]</p><p><br /></p>
[QUOTE="efletche, post: 445678, member: 15934"]Nicknack, I hope this is not too late for you. I found a letter dated may 7th 1866 from the Secretary of the Treasury, Hugh McCulloch. in this letter, he states: "At the present price of materials, the new five cent piece would cost about $16.50 per $100.00 for the nickel and copper. All other expenses would probably be covered by $3.00 per $100.00; making the total cost $19.50 per $100.00 or for $3 million, $585,000.00" Hope this helps answer your question.[/QUOTE]
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nickels in 1866
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