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An American adage, "Don't take any wooden nickels", is considered a lighthearted reminder to be cautious in one's dealings. This adage precedes the use of wooden nickels as a replacement currency, suggesting that its origins lie not in the genuine monetary value of nickels, but rather in their purely commemorative nature. [5] [6] [7]
An old expression goes a little something like this: “Don’t take any wooden nickels.” That’s because if you did, the nickel would practically be worthless.
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Key dates for the series include the 1939-D, and 1950-D nickels. The 1939-D nickel with a mintage of 3,514,000 coins is the second lowest behind the 1950-D nickel. The cause of the key date of 1939 stems from the new design that excited collectors the year prior, after the initial hype had settled down fewer nickels were saved.
U.S. currency is sold to the Federal Reserve at face value, and because dimes and quarters cost less to make than their face value, in 2023 this created $430 million in seigniorage—or surplus ...
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