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JerrySpringer
Penny Pincher Member
101 Posts |
 Posted - 05/08/2008 : 23:05:14
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Finding a disproportionate number of 1964 nickels in my rolls. Anybody have an explanation? I read they stopped making the buffalo nickels that year. Just curious I guess.
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NotABigDeal
Penny Hoarding Member
USA
990 Posts |
Posted - 05/09/2008 : 06:02:42
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Not sure where you read that....The last year for the Buffalo, and first year for the Jefferson was in 1938. Made them both that year.
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
Steady looking for the elusive Indian head.... |
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swusc
Penny Collector Member
295 Posts |
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Cerulean
Penny Collector Member
USA
471 Posts |
Posted - 05/09/2008 : 08:51:52
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Repeating what I've heard said often elsewhere...
There was a shortage of nickels (and pennies) in the early 1960's, so the Mint needed to increase production accordingly. At the same time, the Mint kept reusing the 1964 dies well into 1965. This may have something to do with the Coinage Act that eliminated silver coinage. Thus there are a lot of 1964 nickels out there.
There are 2.8 billion nickels dated 1964, more than any other year. The closest we've gotten to exceeding that number was in 2000, when 2.3 billion nickels were minted. Given the attrition rate that happens to coins over time, there are still significant quantities of '64 nickels out there. I normally save coins 50 years old or more, but in 2014 I may make an exception. |
RUNNING TOTAL
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15114 zincs (1982-2007) 75.5%
4792 coppers (1959-1982) 23.9%
92 wheats (1920-1958)
32 Canadian (1960-2005)
1 dime (2004)
Sorting Map: http://www.frappr.com/?a=constellation_map&mapid=68719599394
Wanna take money away from the Fed? Spend dollar coins!
Listening is the linchpin of democracy. |
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El Dee
Penny Pincher Member
USA
235 Posts |
Posted - 05/09/2008 : 09:28:26
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They were anticipating the withdrawal of silver by evil hoarders, so they made made scads of nickels to compensate to a degree. |
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Ardent Listener
Administrator
USA
2062 Posts |
Posted - 05/09/2008 : 09:55:32
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quote:
Originally posted by El Dee
They were anticipating the withdrawal of silver by evil hoarders, so they made made scads of nickels to compensate to a degree.
That, and the fact the nickel was still a workhorse coin at the time. In other words, people still used them a lot back then. |
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dpwozney
New Member
Canada
15 Posts |
Posted - 05/09/2008 : 11:12:02
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quote:
Originally posted by JerrySpringer
Finding a disproportionate number of 1964 nickels in my rolls. Anybody have an explanation?
Numbers for comparing mintages of various years for United States Mint coin production are available at http://en.wikipedia.org/wiki/United_States_Mint_coin_production
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"The silver is mine, and the gold is mine, saith the LORD of hosts." (Haggai 2:8) |
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misteroman
Moderator
USA
1019 Posts |
Posted - 05/10/2008 : 00:39:09
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| LOL I had a guy ask me at the pizzeria tonight if his 64 nickel was worth anything?When I told him no,he asked why not.I told him " because the made 100 billion of them"Then I told him about 3 billion and I guess I wasn't too far off. |
****Always buying wheats and Pre 82's!!!! See post or PM me for details****
http://realcent.forumco.com/topic.asp?TOPIC_ID=2014 |
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psi
Penny Pincher Member
Canada
117 Posts |
Posted - 05/10/2008 : 13:53:02
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| I get a lot of american 64's sorting in canada too and always wondered about it, thanks for the explanantion guys. |
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JerrySpringer
Penny Pincher Member
101 Posts |
Posted - 05/11/2008 : 09:17:51
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It is neat to see the spike in ratio when you set aside the 1964 ones. I am getting mostly that year and maybe a few 1963 but not much of other 196X ones. Maybe one boring day I will do a year count histogram breakdown of my nickels to keep track of the gene pool for them -ie- if a cull is increasing in my region.
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lanispet
Penny Pincher Member
USA
133 Posts |
Posted - 05/11/2008 : 11:08:59
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Funny, i was just thinking the exact same thing yesterday after going through $50 in nickels... must have been at least one 1964 in every roll.
Thanks for the link, dpwozney... somehow i still hadn't managed to stumble across that one. Funny that the Mint did a huge increase in production for quarters and dimes as well in '64... i would have expected low production in '64, with the huge increase in '65.
i was also very surprised to see silver dollar production figures for 1964... interesting. |
Wait, don't throw that away... I can use that! |
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swusc
Penny Collector Member
295 Posts |
Posted - 05/11/2008 : 17:16:24
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That is still like 10 1964 nickels for every person in this country. That is insane!
-SWUSC |
http://www.coincommunity.com/forum/topic.asp?TOPIC_ID=30403
Anyone interested in buy 40% silver halves or common post 40 wheats PM me.
`Everybody is ignorant. Only on different subjects.' |
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Cerulean
Penny Collector Member
USA
471 Posts |
Posted - 05/12/2008 : 08:04:12
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quote:
Originally posted by JerrySpringer
It is neat to see the spike in ratio when you set aside the 1964 ones. I am getting mostly that year and maybe a few 1963 but not much of other 196X ones. Maybe one boring day I will do a year count histogram breakdown of my nickels to keep track of the gene pool for them -ie- if a cull is increasing in my region.
I do this every time I sort. If coins didn't have years on them, they wouldn't hold my interest the way they do. It's a Statistical playground for me. Here's a graph from two years ago:
(I'm working on another one now, which will be a nice snapshot of what was in circulation in my area in March.) |
RUNNING TOTAL
---------------------------------------
15114 zincs (1982-2007) 75.5%
4792 coppers (1959-1982) 23.9%
92 wheats (1920-1958)
32 Canadian (1960-2005)
1 dime (2004)
Sorting Map: http://www.frappr.com/?a=constellation_map&mapid=68719599394
Wanna take money away from the Fed? Spend dollar coins!
Listening is the linchpin of democracy. |
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CajunCoin
New Member
USA
15 Posts |
Posted - 05/16/2008 : 15:08:33
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quote:
Originally posted by swusc
They minted way to more nickels that year for some reason.
-SWSUC
When the silver was withdrawn, the nickels were used to compensate for shortage of coins to make change. By 1965, You could not get 4 quarters to save your soul if you needed change for the paperchaine, dimes were non existant and half dollars were real scarce with the 1964 Kennedy coming out.
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Real Money Rings True. |
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thebeave
Member
USA
43 Posts |
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Topic |
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1964 nickel
