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<p>[QUOTE="Mad Stax, post: 2823961, member: 79993"]There were over 2.8 billion (yes Billion with a B) nickels minted between Philly and Denver in 1964, far and away the most ever produced in the history of the US Mint. That is why they turn up so frequently.</p><p>If you look at quarter and dime mintages from the early 60s-64 they also rapidly increase as well. People were pulling coin out of circulation due to silver's increasing value and the Mint initially responded by minting more and more coins. When they realized this was a losing proposition they changed the composition to CuNi clad and the problem was fixed. </p><p>The remainder of the pre-65 silver dimes and quarters were quickly plucked from circulation, but the 1964 nickels, which have no added intrinsic value, have been swirling around in circulation ever since.</p><p>To fully grasp how many nickels were minted in 1964 as opposed to other years check this page out... <a href="http://coinmintages.com/jefferson-nickels-mintage/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coinmintages.com/jefferson-nickels-mintage/" rel="nofollow">http://coinmintages.com/jefferson-nickels-mintage/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Mad Stax, post: 2823961, member: 79993"]There were over 2.8 billion (yes Billion with a B) nickels minted between Philly and Denver in 1964, far and away the most ever produced in the history of the US Mint. That is why they turn up so frequently. If you look at quarter and dime mintages from the early 60s-64 they also rapidly increase as well. People were pulling coin out of circulation due to silver's increasing value and the Mint initially responded by minting more and more coins. When they realized this was a losing proposition they changed the composition to CuNi clad and the problem was fixed. The remainder of the pre-65 silver dimes and quarters were quickly plucked from circulation, but the 1964 nickels, which have no added intrinsic value, have been swirling around in circulation ever since. To fully grasp how many nickels were minted in 1964 as opposed to other years check this page out... [url]http://coinmintages.com/jefferson-nickels-mintage/[/url][/QUOTE]
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