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The Jefferson nickel has been the five-cent coin struck by the United States Mint since 1938, when it replaced the Buffalo nickel.From 1938 until 2004, the copper-nickel coin's obverse featured a profile depiction of Founding Father and third U.S. President Thomas Jefferson by artist Felix Schlag; the obverse design used in 2005 was also in profile, though by Joe Fitzgerald.
The Flying Eagle design caused production difficulties and the Mint soon looked to replace it. Mint Director James Ross Snowden selected the Indian Head design and chose a laurel wreath for the reverse, that was replaced in 1860 by an oak wreath with a shield.
The ten-cent coin could be changed by the Mint without the need for congressional action, and officials moved quickly to replace the Mercury dime. Chief Engraver John R. Sinnock prepared models, but faced repeated criticism from the Commission of Fine Arts. He modified his design in response, and the coin went into circulation in January 1946.
Second, under current Mint accounting, the nickel costs eleven cents to manufacture. In a scenario (unlikely to occur) where nickel production doubled without the penny, Navigant concludes that with existing fixed costs, eliminating the penny would likely result in increased net costs to the Mint of $10.9 million, relative to the current state."
The piece was difficult for the Philadelphia Mint to strike, and Mint officials, as well as the annual Assay Commission, recommended the coin's replacement. Despite opposition from those wishing to keep the metal nickel in the coinage, led by Pennsylvania Congressman Thaddeus Stevens , Congress passed the Coinage Act of 1864 , authorizing ...
In 1952, the Mint considered replacing the Lincoln cent with a new design by Mint Chief Engraver Gilroy Roberts, but Mint officials feared that the incoming Eisenhower administration would be hostile to replacing a Republican on the cent. [57] Several thousand 1955 pieces were struck with a doubled die, and display doubling of the date. The ...
The 1974 aluminum cent was a one-cent coin proposed by the United States Mint in 1973. It was composed of an alloy of aluminum and trace metals, and it was intended to replace the predominantly copper–zinc cent due to the rising costs of coin production in the traditional bronze alloy.
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage ... as the Mint labored to replace the silver coinage with ...
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