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 Replies: 15 / Views: 1,627 |
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Pillar of the Community
United States
1151 Posts |
Over the past year or two, I have noticed that I am finding more and more 1964 nickels in my change. I just looked in my RedBook and in that year between the Philly & Denver mints more than 2.8 billion Jeffersons were made. Prior to that in 1963, between the 2 mints only 454,000 + coins were minted and not until 1999 were over a billion nickels produced again. Any reason why so many were produced in '64? Maybe it was for my birthday!!  |
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Moderator
 United States
6563 Posts |
That's interesting. Never really thought about it before. The other coinage of that year also has very high numbers.
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Pillar of the Community
United States
7123 Posts |
In 1964 the silver coinage was due to be done away with ,, the hoarding that would follow would place a large demand on the other coinage especially nickles as they would replace the dime in most exchanges where the silver dimes would have been used this is also true of the quarter dollar .
Metalman
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Pillar of the Community
 United States
1151 Posts |
OK metalman that would make sense especially for the hoarded dimes being replace by the nickel.
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Pillar of the Community
United States
1031 Posts |
I went thru my nickels yesterday to try to add to my circulated nickel collection. I wondered the same thing. I had 5 1964's. I know they made over 1 million P and a little more of the D. I'm not sure why.
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Pillar of the Community
United States
834 Posts |
Rick is right in his statement, so far this year I have searched around $200.00 in nickel rolls. I have made a point of keeping a record of all 1964 nickels so far from those rolls the count now is 346 1964 nickels.I believe if you search only 10 rolls you will find at least 7 or 8 in that roll search 2.8 billion nickels is truly a lot of nickels.
Bruce.
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Valued Member
United States
90 Posts |
I had noticed the same thing a few weeks back when I started to go thru nickels. I also noticed that the 64's seem to have a different texture/apperence then most other nickels.
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Pillar of the Community
United States
2270 Posts |
The nation was in the grip of a coin shortage causeds by increased use of vending machines and the fact that some of the general public was hoarding silver in anticipation of higher prices.
There was a date freeze in effect so '64 coins were made well into 1965, dimes were even made into 1966. At the time collectors thought the 1964 date might be used forever.
The reason is really even more complicated probably. The mint was working overtime to catch up with coinage demand and they may have been concentrating on nickels somewhat because they knew by late '64 that there would be an alloy change that would make silver coins less expensive to produce.
In those days nickels were important for vending machines since one would buy a candy bar or a pop.
Note that once they started clad production nickel production plummeted.
Time don't fly, it bounds and leaps.
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Rest in Peace
United States
3730 Posts |
While completing a couple Jefferson nickel albums, my wife and I would find several 1964's in each roll. What was even more interesting was the fact that some of them were bright and shiny and looked like they just came from the mint. |
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New Member
United States
34 Posts |
That's funny, I almost asked that same question yesterday. I've been through about 20 rolls of nickles in the past few weeks, only to find a massive amount of '64s.
I looked for the answer myself but was unable to find it...I guess I should have asked here first.
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Valued Member
United States
185 Posts |
I was thumbing through a book a few days ago and noticed the high production numbers myself. Looks like a lot of us are on the same page here.
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Pillar of the Community
United States
834 Posts |
I will also add here that the 1964-D does have a variety and that is the 64-D RPM. You can find this variety in the CherryPickers Guide, also on the reverse in the word PLURIBUS there are some were the letter (B) looks like the letter (D) this was because of a over polished die. Bruce. |
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Valued Member
United States
429 Posts |
No Collect4fun, it was for my birthday.  I find not only nickels, but lots of quarters. I always keep any coin with 1964. LeAnn |
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Pillar of the Community
United States
819 Posts |
Bruce, what does RPM stand for; my mind only comes up with Revolutions per Minute which I am sure is not the answer! Are either of the two you mentioned very valuable?
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Bedrock of the Community
United States
17884 Posts |
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Pillar of the Community
United States
834 Posts |
Basicbob. If you collect Jefferson nickels they are nice to add to you collection of error and variety coins. As for being valuable well it would be best to keep your day job. Also remember in this hobby of ours, there are some people out there that will pay a premium for a coin if they want it bad enough. Keeping searching rolls you never know whats out there. Bruce. |
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Replies: 15 / Views: 1,627 |
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Posted 05/28/2007 9:12 pm
