Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What was it for?
>
Reply to Thread
Message:
<p>[QUOTE="scottishmoney, post: 1624421, member: 12789"]The nickel didn't really catch on right away, but did in time. During that immediate time during the end of the Civil War and into the 1870s coinage had been hoarded by the populace because of fears of the paper money losing it's value. Silver and gold coin traded at much more favourable rates during the war than the Legal Tender and National Bank issues. The half dime saw a diminishing mintage after the war, and likely many of them spent a good amount of time in vaults somewhere for awhile because they were silver. The shield nickels did circulate, and given how many of them are heavily worn - they circulated hard and long - probably into the very early 20th century.</p><p><br /></p><p>Years ago we had an older member of a coin club that remembered as a child during the 1930s his father getting half dime in payment for a dime at a service station and feeling like he was ripped off because it was worth half of what it should have been but it wasn't that much smaller than a dime. Seated liberty coins did indeed circulate into the 1930s in some areas.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 1624421, member: 12789"]The nickel didn't really catch on right away, but did in time. During that immediate time during the end of the Civil War and into the 1870s coinage had been hoarded by the populace because of fears of the paper money losing it's value. Silver and gold coin traded at much more favourable rates during the war than the Legal Tender and National Bank issues. The half dime saw a diminishing mintage after the war, and likely many of them spent a good amount of time in vaults somewhere for awhile because they were silver. The shield nickels did circulate, and given how many of them are heavily worn - they circulated hard and long - probably into the very early 20th century. Years ago we had an older member of a coin club that remembered as a child during the 1930s his father getting half dime in payment for a dime at a service station and feeling like he was ripped off because it was worth half of what it should have been but it wasn't that much smaller than a dime. Seated liberty coins did indeed circulate into the 1930s in some areas.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What was it for?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...