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JerrySpringer
Penny Hoarding Member
669 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
1000+ Penny Miser Member
USA
3890 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 |
Live free or die.
Plain and simple.
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- Samuel Adams |
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swusc
Penny Hoarding Member
USA
553 Posts |
Posted - 05/09/2008 : 08:33:49
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They minted way to more nickels that year for some reason.
-SWSUC |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Cerulean
Penny Hoarding Member
USA
993 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. |
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El Dee
Penny Hoarding Member
USA
547 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. |
Trust the government? Ask an Indian. |
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Ardent Listener
Administrator
USA
4841 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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Think positive. |
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dpwozney
Penny Sorter Member
Canada
50 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 You must be logged in to see this link.
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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
Administrator
USA
2565 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. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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psi
Penny Collector Member
Canada
399 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 Hoarding Member
669 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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PennehChaos.
Penny Collector Member
USA
269 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. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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swusc
Penny Hoarding Member
USA
553 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 |
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
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Cerulean
Penny Hoarding Member
USA
993 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.) |
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2010 First Finds Contest
Are you a Buffalo Hunter?
Wanna take seignorage away from the Fed? Spend *any* coins!
We cannot afford this government.
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CajunCoin
Penny Sorter Member
USA
26 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
Penny Sorter Member
USA
49 Posts |
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1964 nickel
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