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Coin Keeper's Blog

03 Jul 2022

The Nickel Five Cent Coin (From 1866-1938)

Coins | Coin Keeper

The conflict of the Civil War caused Americans to take many coins out of circulation due to their silver and gold content. This made coins hard to come by, so the mint tried to solve this problem by printing fractional currency. They soon attempted another possible solution. The Act of May 16, 1866 allowed the production of a five cent coin made out of nickel even though there was a coin of this denomination (the silver half dime) already in circulation.

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