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Jefferson nickel

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. Since 2006 Jefferson's portrayal, newly designed by Jamie Franki, faces forward. The coin's reverse is still the Schlag original, although in 2004 and 2005 the piece bore commemorative designs.

Jefferson nickel
United States
Value5 cents (0.05 US dollars)
Mass5.000 g
Diameter21.21 mm
EdgePlain
Composition
"Wartime Nickels"
(mid-1942 to 1945)
Years of minting1938 – present
Mint marksD, S, P, W (2020 only). Located from 1938 to 1964 to the right of Monticello, except for "wartime nickels" which have a large mint mark above Monticello. No mint marks used from 1965 to 1967. From 1968 to 2004, slightly clockwise from the last digit of the date. In 2005, under "Liberty". Since 2006, under the date. Philadelphia Mint specimens before 1980 lack mint mark, except for wartime nickels, which have a P for Philadelphia if struck there.
Obverse
DesignThomas Jefferson
DesignerJamie Franki
Design date2006–present
Design date1938–2004 (left) and 2005 (right). Struck without "FS" initials prior to 1966.
Reverse
DesignMonticello
DesignerFelix Schlag
Design date1938–2003 and 2006–present. Struck without "FS" initials prior to 2006.
Design dateupper two designs struck in 2004; lower two in 2005

First struck in 1913, the Buffalo nickel had long been difficult to coin, and after it completed the 25-year term during which it could be replaced only by Congress, the Mint moved quickly to replace it with a new design. The Mint conducted a design competition, in early 1938, requiring that Jefferson be depicted on the obverse and Jefferson's house Monticello on the reverse. Schlag won the competition, but was required to submit an entirely new reverse and make other changes before the new piece went into production in October 1938.

As nickel was a strategic war material during World War II, nickels coined from 1942 to 1945 were struck in a copper-silver-manganese alloy which would not require adjustment to vending machines. They bear a large mint mark above the depiction of Monticello on the reverse. In 2004 and 2005, the nickel saw new designs as part of the Westward Journey nickel series, and since 2006 has borne Schlag's reverse and Franki's obverse.

Inception Edit

 
Nellie Tayloe Ross (right), Director of the Mint, and Edward Bruce, Director of the Section of Painting and Sculpture, inspect candidates for the design of the new Jefferson nickel, April 1938

The design for the Buffalo nickel is well regarded today, and has appeared both on a commemorative silver dollar and a bullion coin. However, during the time it was struck (1913–1938), it was less well liked, especially by Mint authorities, whose attempts to bring out the full design increased an already high rate of die breakage. By 1938, it had been struck for 25 years, thus becoming eligible to be replaced by action of the Secretary of the Treasury rather than by Congress. The Mint, which is part of the Department of the Treasury, moved quickly and without public protest to replace the coin.[1]

In late January 1938, the Mint announced an open competition for the new nickel design, with the winner to receive a prize of $1,000. The deadline for submissions was April 15; Mint Director Nellie Tayloe Ross and three sculptors were to be the judges. Competitors were to place a portrait of Jefferson on the obverse, and a depiction of his house, Monticello, on the reverse.[2]

By mid-March, few entries had been received. This seeming lack of response proved to be misleading, as many artists had planned to enter the contest and submitted designs near the deadline. On April 20, the judges viewed 390 entries; four days later, Felix Schlag was announced as the winner.[3] Schlag had been born in Germany and had come to the United States only nine years previously.[4] Either through a misunderstanding or an oversight, Schlag did not include his initials in the design; they would not be added until 1966.[5] The bust of Jefferson on the obverse closely resembles his bust by sculptor Jean-Antoine Houdon, which is to be found in Boston's Museum of Fine Arts.[6]

In early May, it was reported that the Mint required some changes to Schlag's design prior to coining. Schlag's original design showed a three-quarters view of Monticello, including a tree. Officials disliked the lettering Schlag had used, a more modernistic style than that used on the eventual coin. The tree was another source of official displeasure; officials decided it was a palm tree and incorrectly believed Jefferson could not have been growing such a thing. A formal request for changes was sent to Schlag in late May. The sculptor was busy with other projects and did not work on the nickel until mid-June. When he did, he changed the reverse to a plain view, or head-on perspective, of Monticello.[7] Art historian Cornelius Vermeule described the change:

Official taste eliminated this interesting, even exciting, view, and substituted the mausoleum of Roman profile and blurred forms that masquerades as the building on the finished coin. On the trial reverse the name "Monticello" seemed scarcely necessary and was therefore, logically, omitted. On the coin as issued it seems essential lest one think the building portrayed is the vault at Fort Knox, a state archives building, or a public library somewhere.[8]

The designs were submitted to the Commission of Fine Arts for their recommendation in mid-July; the version submitted included the new version of Monticello but may not have included the revised lettering. The Commission approved the designs. However, Commission chairman Charles Moore asked that the positions of the mottos on the reverse be switched, with the country name at the top; this was not done. After the Fine Arts Commission recommendation, the Secretary of the Treasury, Henry Morgenthau, approved the design.[7]

On August 21, the Anderson (Indiana) Herald noted:

[T]he Federal Fine Arts Commission ... didn't like the view of Thomas Jefferson's home, Monticello, so they required the artist to do another picture of the front of the house.[9] They did not like the lettering on the coin. It wasn't in keeping, but they forgot to say what it wasn't in keeping with ... There is no more reason for imitating the Romans in this respect [by using Roman-style lettering on the coin] than there would be for modeling our automobiles after the chariot of Ben Hur's day.[4]

Production Edit

1938–1945: Early minting; World War II changes Edit

Production of the Jefferson nickel began at all three mints (Philadelphia, Denver, and San Francisco), on October 3, 1938. By mid-November, some twelve million had been coined, and they were officially released into circulation on November 15; more than thirty million would be struck in 1938.[10] According to contemporary accounts, the Jefferson nickel was initially hoarded, and it was not until 1940 that it was commonly seen in circulation.[11]

In 1939, the Mint recut the hub for the nickel, sharpening the steps on Monticello, which had been fuzzy in initial strikings. Since then, a test for whether a nickel is particularly well struck has been whether all six steps appear clearly, with "full step" nickels more collectable.[12] For specialty collectors this 1939 die change also created two varieties for all three mints and proof strikings that year, the "Reverse of 1938" and the "Reverse of 1940", the latter being more common for Philadelphia, scarcer for the other two mints.[13] A 1940 proof with the 1938 reverse has also been discovered. [14]

 
During World War II, the mint mark of the part-silver "war nickels" appeared above the image of Monticello

With the entry of the United States into World War II, nickel became a critical war material, and the Mint sought to reduce its use of the metal. On March 27, 1942, Congress authorized a nickel made of 50% copper and 50% silver, but gave the Mint the authority to vary the proportions, or add other metals, in the public interest. The Mint's greatest concern was in finding an alloy which would use no nickel, but still satisfy counterfeit detectors in vending machines. An alloy of 56% copper, 35% silver and 9% manganese proved suitable, and this alloy began to be coined into nickels from October 1942. In the hopes of making them easy to sort out and withdraw after the war, the Mint struck all "war nickels" with a large mint mark appearing above Monticello. The mint mark P for Philadelphia was the first time that mint's mark had appeared on a US coin. The prewar composition and smaller mint mark (or no mint mark for Philadelphia) were resumed in 1946. In a 2000 article in The Numismatist, Mark A. Benvenuto suggested that the amount of nickel saved by the switch was not significant to the war effort, but that the war nickel served as a ubiquitous reminder of the sacrifices that needed to be made for victory.[15]

Within the war nickel series collectors recognize two additions, one official, the other counterfeit. Some 1943-P nickels are overdated. Here a die for the previous year was reused, allowing a "2" to be visible under the "3".[16] In addition, a number of 1944 nickels are known without the large "P" mintmark. These were produced in 1954 by Francis LeRoy Henning, who also made counterfeit nickels with at least four other dates.[17]

1946–2003: Later production of original designs Edit

When it became known that the Denver Mint had struck only 2,630,030 nickels in 1950, the coins (catalogued as 1950-D) began to be widely hoarded. Speculation in them increased in the early 1960s, but prices decreased sharply in 1964. Because they were so widely pulled from circulation, the 1950-D is readily available today. A number of reverse dies with an S mint mark, intended for the San Francisco Mint, were created in 1955; they were not used as that mint struck no nickels that year and subsequently closed, and the unused dies were sent for use at Denver, where the S mint mark was overpunched with a D.[18]

Proof coins, struck at Philadelphia, had been minted for sale to collectors in 1938 and continued through 1942.[19] In the latter year proofs were struck in both the regular and "war nickel" compositions, after which they were discontinued. Sales of proof coins began again in 1950 and continued until 1964, when their striking was discontinued during the coin shortage. In 1966 a small change was made to the design to add the initials of the designer (FS) to the obverse, underneath Jefferson's portrait. In commemoration of that change, two proof 1966 nickels with the initials were struck and presented to him. Special mint sets, of lower quality than proof coins, were struck from 1965 to 1967. Proof coin sales resumed in 1968, with coins struck at the reopened San Francisco facility. Coins struck at any mint between 1965 and 1967 lack mint marks. Beginning in 1968, mint marks were again used, but were moved to the lower part of the obverse, to the right of Jefferson's bust.[20] No nickels were produced in Philadelphia in 1968, 1969 or 1970, and so there are no nickels from these years bearing the P mint mark. From 1971, no nickels were struck for circulation in San Francisco—the 1971-S was the first nickel struck in proof only since 1878.[21] In both 1994 and 1997 matte proof nickels, with distinctive grainy surfaces, were struck in small numbers at the Philadelphia mint for inclusion in commemorative coin sets.[22]

During the late twentieth century the Mint repeatedly modified the design. In 1982, the steps were sharpened in that year's redesign. The 1987 modification saw the sharpening of Jefferson's hair and the details of Monticello—since 1987, well-struck nickels with six full steps on the reverse have been relatively common. In 1993, Jefferson's hair was again sharpened.[23]

2003–present: Westward Journey nickel series; redesign of obverse Edit

 
This reverse of the Indian Peace Medal struck for Jefferson served as the basis of one of the Western Journey designs

In June 2002, Mint officials were interested in redesigning the nickel in honor of the upcoming bicentennial of the Lewis and Clark Expedition. They contacted the office of Representative Eric Cantor (Republican-Virginia). Cantor had concerns about moving Monticello, located in his home state, off the nickel, and sponsored legislation which would allow the Mint to strike different designs in 2003, 2004, and 2005, and again depict Monticello beginning in 2006.[24] The resultant act, the "American 5-Cent Coin Design Continuity Act of 2003", was signed into law on April 23, 2003. Under its terms, the Treasury Secretary could vary the nickel's designs in honor of the 200th anniversary of the Expedition and of the Louisiana Purchase, but the nickel would again feature Jefferson and Monticello beginning in 2006.[25] Under Cantor's legislation, every future five-cent coin will feature Jefferson and Monticello.[26]

 
Obverse struck in 2004, the last year Schlag's obverse design was used

In November 2003, the Mint announced the first two reverse designs, to be struck with Schlag's obverse in 2004.[27] The first, designed by United States Mint sculptor-engraver Norman E. Nemeth, depicts an adaptation of the Indian Peace Medals struck for Jefferson. The second, by Mint sculptor-engraver Alfred Maletsky, depicts a keelboat like that used by the Expedition.[28]

 
Monticello returned to the reverse of the Jefferson nickel in 2006

The 2005 nickels presented a new image of the former President, designed by Joe Fitzgerald based on Houdon's bust of Jefferson.[29] The word "Liberty" was taken from Jefferson's handwritten draft for the Declaration of Independence, though to achieve a capital L, Fitzgerald had to obtain one from other documents written by Jefferson.[30] The reverse for the first half of the year depicted an American bison, recalling the Buffalo nickel and designed by Jamie Franki. The reverse for the second half showed a coastline and the words "Ocean in view! O! The Joy!", from a journal entry by William Clark, co-leader of the Expedition.[29] Clark had actually written the word as "ocian", but the Mint modernized the spelling.[30]

The obverse design for the nickel debuting in 2006 was designed by Franki. It depicts a forward-facing Jefferson based on an 1800 study by Rembrandt Peale, and includes "Liberty" in Jefferson's script. According to Acting Mint Director David Lebryk, "The image of a forward-facing Jefferson is a fitting tribute to [his] vision."[31] The reverse beginning in 2006 was again Schlag's Monticello design, but newly sharpened by Mint engravers.[32] As Schlag's obverse design, on which his initials were placed in 1966, is no longer used, his initials were placed on the reverse to the right of Monticello.[33]

In 2009, a total of only 86,640,000 nickels were struck for circulation.[34] The figure increased in 2010 to 490,560,000.[35] The unusually low 2009 figures were caused by a lack of demand for coins in commerce due to poor economic conditions.[36] In 2020, the coin was struck for the first time at the West Point Mint with mint mark W; these pieces were not released into circulation but were used as premiums in the Mint's annual sets. A proof 2020-W nickel was placed in the clad proof set and a reverse proof 2020-W nickel in the silver proof set.[37] Plans to include an uncirculated 2020-W nickel in the annual uncirculated coin set were abandoned due to the COVID-19 pandemic.[38]

The Circulating Collectible Coin Redesign Act of 2020 (Pub. L.Tooltip Public Law (United States) 116–330 (text) (PDF)) was signed by President Donald Trump on January 13, 2021. It provides for, among other things, special one-year designs for the circulating coinage in 2026, including the nickel, for the United States Semiquincentennial (250th anniversary), with one of the designs to depict women.[39]

See also Edit

References Edit

  1. ^ Bowers 2007, p. 127.
  2. ^ Bowers 2007, pp. 127–128.
  3. ^ Bowers 2007, p. 129.
  4. ^ a b Taxay 1983, p. 369.
  5. ^ Bardes, Herbert C. Nickel designer gains his place. The New York Times, July 24, 1966, p. 85. Retrieved on April 7, 2011. Fee for article.
  6. ^ Vermeule 1971, pp. 205–206.
  7. ^ a b Bowers 2007, pp. 129–131.
  8. ^ Vermeule 1971, p. 207.
  9. ^ Sic; the view is actually the rear elevation, not the front
  10. ^ Bowers 2007, pp. 141–143.
  11. ^ Lange 2006, p. 167.
  12. ^ Bowers 2007, pp. 143–144.
  13. ^ 1939 5C Reverse of 1938 (Regular Strike)
  14. ^ 1940 Transitional 5c Reverse Design
  15. ^ Bowers 2007, pp. 146–148.
  16. ^ 1943/2-P 5C, FS (Regular Strike)
  17. ^ . Archived from the original on 2015-04-02. Retrieved 2014-03-19.
  18. ^ Bowers 2007, p. 149.
  19. ^ Bowers 2007, p. 143.
  20. ^ Bowers 2007, pp. 259–260.
  21. ^ Bowers 2007, p. 222.
  22. ^ The 1994 & 1997 Matte Finish Jefferson Nickels
  23. ^ Bowers 2007, pp. 150–151.
  24. ^ Va. legislators want to keep their nickel back. AP via USA TODAY, July 23, 2002. Retrieved on April 7, 2011.
  25. ^ Nation to get newly-designed nickels. United States Mint, April 24, 2003. Retrieved on April 7, 2011.
  26. ^ U.S. Code, Title 31, Section 5112 2011-11-23 at the Wayback Machine. Cornell University Law School. Retrieved on April 20, 2011.
  27. ^ Anderson, Gordon T. U.S. to get two new nickels. CNN Money, November 6, 2003. Retrieved on April 7, 2011.
  28. ^ The 2004 Westward Journey nickel series designs 2016-04-11 at the Wayback Machine. United States Mint. Retrieved on April 7, 2011.
  29. ^ a b The 2005 Westward Journey nickel series designs 2011-08-21 at the Wayback Machine. United States Mint. Retrieved on April 7, 2011.
  30. ^ a b Frazier, Joseph. New nickel recalls historic moment. AP via The Register-Guard (Eugene, Ore.), August 5, 2005, p. C7. Retrieved on April 7, 2011.
  31. ^ US unveils forward-looking nickel. BBC, October 6, 2005. Retrieved on April 8, 2011.
  32. ^ The 2006 Westward Journey nickel series designs. United States Mint. Retrieved on April 8, 2011.
  33. ^ Jefferson nickels. Collectors Weekly. Retrieved on April 12, 2011.
  34. ^ 2009 coin production. United States Mint. Retrieved on April 20, 2011.
  35. ^ 2010 coin production. United States Mint. Retrieved on April 20, 2011.
  36. ^ Unser, Darrin Lee. US coin mintages plummeted as Mint cut production. Coin News, January 20, 2010. Retrieved on April 20, 2011.
  37. ^ Gilkes, Paul (January 10, 2020). "Mint to issue 2020-W Jefferson 5-cent coins as annual set premiums". Coin World. Retrieved January 10, 2020.
  38. ^ Gilkes, Paul. "2020 Uncirculated Mint set won't contain 2020-W 5-cent coin". coinworld.com. Amos Media Company. Retrieved January 5, 2021.
  39. ^ Gilkes, Paul (January 15, 2021). "Circulating Collectible Coin Redesign Act of 2020 signed by president". Coin World. Retrieved January 23, 2021.

Bibliography Edit

jefferson, nickel, been, five, cent, coin, struck, united, states, mint, since, 1938, when, replaced, buffalo, nickel, from, 1938, until, 2004, copper, nickel, coin, obverse, featured, profile, depiction, founding, father, third, president, thomas, jefferson, . 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 Since 2006 Jefferson s portrayal newly designed by Jamie Franki faces forward The coin s reverse is still the Schlag original although in 2004 and 2005 the piece bore commemorative designs Jefferson nickelUnited StatesValue5 cents 0 05 US dollars Mass5 000 gDiameter21 21 mmEdgePlainComposition75 copper 25 nickel Wartime Nickels mid 1942 to 1945 56 copper 35 silver 9 manganeseYears of minting1938 presentMint marksD S P W 2020 only Located from 1938 to 1964 to the right of Monticello except for wartime nickels which have a large mint mark above Monticello No mint marks used from 1965 to 1967 From 1968 to 2004 slightly clockwise from the last digit of the date In 2005 under Liberty Since 2006 under the date Philadelphia Mint specimens before 1980 lack mint mark except for wartime nickels which have a P for Philadelphia if struck there ObverseDesignThomas JeffersonDesignerJamie FrankiDesign date2006 presentDesign date1938 2004 left and 2005 right Struck without FS initials prior to 1966 ReverseDesignMonticelloDesignerFelix SchlagDesign date1938 2003 and 2006 present Struck without FS initials prior to 2006 Design dateupper two designs struck in 2004 lower two in 2005First struck in 1913 the Buffalo nickel had long been difficult to coin and after it completed the 25 year term during which it could be replaced only by Congress the Mint moved quickly to replace it with a new design The Mint conducted a design competition in early 1938 requiring that Jefferson be depicted on the obverse and Jefferson s house Monticello on the reverse Schlag won the competition but was required to submit an entirely new reverse and make other changes before the new piece went into production in October 1938 As nickel was a strategic war material during World War II nickels coined from 1942 to 1945 were struck in a copper silver manganese alloy which would not require adjustment to vending machines They bear a large mint mark above the depiction of Monticello on the reverse In 2004 and 2005 the nickel saw new designs as part of the Westward Journey nickel series and since 2006 has borne Schlag s reverse and Franki s obverse Contents 1 Inception 2 Production 2 1 1938 1945 Early minting World War II changes 2 2 1946 2003 Later production of original designs 2 3 2003 present Westward Journey nickel series redesign of obverse 3 See also 4 References 5 BibliographyInception Edit nbsp Nellie Tayloe Ross right Director of the Mint and Edward Bruce Director of the Section of Painting and Sculpture inspect candidates for the design of the new Jefferson nickel April 1938The design for the Buffalo nickel is well regarded today and has appeared both on a commemorative silver dollar and a bullion coin However during the time it was struck 1913 1938 it was less well liked especially by Mint authorities whose attempts to bring out the full design increased an already high rate of die breakage By 1938 it had been struck for 25 years thus becoming eligible to be replaced by action of the Secretary of the Treasury rather than by Congress The Mint which is part of the Department of the Treasury moved quickly and without public protest to replace the coin 1 In late January 1938 the Mint announced an open competition for the new nickel design with the winner to receive a prize of 1 000 The deadline for submissions was April 15 Mint Director Nellie Tayloe Ross and three sculptors were to be the judges Competitors were to place a portrait of Jefferson on the obverse and a depiction of his house Monticello on the reverse 2 By mid March few entries had been received This seeming lack of response proved to be misleading as many artists had planned to enter the contest and submitted designs near the deadline On April 20 the judges viewed 390 entries four days later Felix Schlag was announced as the winner 3 Schlag had been born in Germany and had come to the United States only nine years previously 4 Either through a misunderstanding or an oversight Schlag did not include his initials in the design they would not be added until 1966 5 The bust of Jefferson on the obverse closely resembles his bust by sculptor Jean Antoine Houdon which is to be found in Boston s Museum of Fine Arts 6 In early May it was reported that the Mint required some changes to Schlag s design prior to coining Schlag s original design showed a three quarters view of Monticello including a tree Officials disliked the lettering Schlag had used a more modernistic style than that used on the eventual coin The tree was another source of official displeasure officials decided it was a palm tree and incorrectly believed Jefferson could not have been growing such a thing A formal request for changes was sent to Schlag in late May The sculptor was busy with other projects and did not work on the nickel until mid June When he did he changed the reverse to a plain view or head on perspective of Monticello 7 Art historian Cornelius Vermeule described the change Official taste eliminated this interesting even exciting view and substituted the mausoleum of Roman profile and blurred forms that masquerades as the building on the finished coin On the trial reverse the name Monticello seemed scarcely necessary and was therefore logically omitted On the coin as issued it seems essential lest one think the building portrayed is the vault at Fort Knox a state archives building or a public library somewhere 8 The designs were submitted to the Commission of Fine Arts for their recommendation in mid July the version submitted included the new version of Monticello but may not have included the revised lettering The Commission approved the designs However Commission chairman Charles Moore asked that the positions of the mottos on the reverse be switched with the country name at the top this was not done After the Fine Arts Commission recommendation the Secretary of the Treasury Henry Morgenthau approved the design 7 On August 21 the Anderson Indiana Herald noted T he Federal Fine Arts Commission didn t like the view of Thomas Jefferson s home Monticello so they required the artist to do another picture of the front of the house 9 They did not like the lettering on the coin It wasn t in keeping but they forgot to say what it wasn t in keeping with There is no more reason for imitating the Romans in this respect by using Roman style lettering on the coin than there would be for modeling our automobiles after the chariot of Ben Hur s day 4 Production EditSee also United States nickel mintage quantities Jefferson Head nickels 1938 present 1938 1945 Early minting World War II changes Edit Production of the Jefferson nickel began at all three mints Philadelphia Denver and San Francisco on October 3 1938 By mid November some twelve million had been coined and they were officially released into circulation on November 15 more than thirty million would be struck in 1938 10 According to contemporary accounts the Jefferson nickel was initially hoarded and it was not until 1940 that it was commonly seen in circulation 11 In 1939 the Mint recut the hub for the nickel sharpening the steps on Monticello which had been fuzzy in initial strikings Since then a test for whether a nickel is particularly well struck has been whether all six steps appear clearly with full step nickels more collectable 12 For specialty collectors this 1939 die change also created two varieties for all three mints and proof strikings that year the Reverse of 1938 and the Reverse of 1940 the latter being more common for Philadelphia scarcer for the other two mints 13 A 1940 proof with the 1938 reverse has also been discovered 14 nbsp During World War II the mint mark of the part silver war nickels appeared above the image of MonticelloWith the entry of the United States into World War II nickel became a critical war material and the Mint sought to reduce its use of the metal On March 27 1942 Congress authorized a nickel made of 50 copper and 50 silver but gave the Mint the authority to vary the proportions or add other metals in the public interest The Mint s greatest concern was in finding an alloy which would use no nickel but still satisfy counterfeit detectors in vending machines An alloy of 56 copper 35 silver and 9 manganese proved suitable and this alloy began to be coined into nickels from October 1942 In the hopes of making them easy to sort out and withdraw after the war the Mint struck all war nickels with a large mint mark appearing above Monticello The mint mark P for Philadelphia was the first time that mint s mark had appeared on a US coin The prewar composition and smaller mint mark or no mint mark for Philadelphia were resumed in 1946 In a 2000 article in The Numismatist Mark A Benvenuto suggested that the amount of nickel saved by the switch was not significant to the war effort but that the war nickel served as a ubiquitous reminder of the sacrifices that needed to be made for victory 15 Within the war nickel series collectors recognize two additions one official the other counterfeit Some 1943 P nickels are overdated Here a die for the previous year was reused allowing a 2 to be visible under the 3 16 In addition a number of 1944 nickels are known without the large P mintmark These were produced in 1954 by Francis LeRoy Henning who also made counterfeit nickels with at least four other dates 17 1946 2003 Later production of original designs Edit When it became known that the Denver Mint had struck only 2 630 030 nickels in 1950 the coins catalogued as 1950 D began to be widely hoarded Speculation in them increased in the early 1960s but prices decreased sharply in 1964 Because they were so widely pulled from circulation the 1950 D is readily available today A number of reverse dies with an S mint mark intended for the San Francisco Mint were created in 1955 they were not used as that mint struck no nickels that year and subsequently closed and the unused dies were sent for use at Denver where the S mint mark was overpunched with a D 18 Proof coins struck at Philadelphia had been minted for sale to collectors in 1938 and continued through 1942 19 In the latter year proofs were struck in both the regular and war nickel compositions after which they were discontinued Sales of proof coins began again in 1950 and continued until 1964 when their striking was discontinued during the coin shortage In 1966 a small change was made to the design to add the initials of the designer FS to the obverse underneath Jefferson s portrait In commemoration of that change two proof 1966 nickels with the initials were struck and presented to him Special mint sets of lower quality than proof coins were struck from 1965 to 1967 Proof coin sales resumed in 1968 with coins struck at the reopened San Francisco facility Coins struck at any mint between 1965 and 1967 lack mint marks Beginning in 1968 mint marks were again used but were moved to the lower part of the obverse to the right of Jefferson s bust 20 No nickels were produced in Philadelphia in 1968 1969 or 1970 and so there are no nickels from these years bearing the P mint mark From 1971 no nickels were struck for circulation in San Francisco the 1971 S was the first nickel struck in proof only since 1878 21 In both 1994 and 1997 matte proof nickels with distinctive grainy surfaces were struck in small numbers at the Philadelphia mint for inclusion in commemorative coin sets 22 During the late twentieth century the Mint repeatedly modified the design In 1982 the steps were sharpened in that year s redesign The 1987 modification saw the sharpening of Jefferson s hair and the details of Monticello since 1987 well struck nickels with six full steps on the reverse have been relatively common In 1993 Jefferson s hair was again sharpened 23 2003 present Westward Journey nickel series redesign of obverse Edit nbsp This reverse of the Indian Peace Medal struck for Jefferson served as the basis of one of the Western Journey designsIn June 2002 Mint officials were interested in redesigning the nickel in honor of the upcoming bicentennial of the Lewis and Clark Expedition They contacted the office of Representative Eric Cantor Republican Virginia Cantor had concerns about moving Monticello located in his home state off the nickel and sponsored legislation which would allow the Mint to strike different designs in 2003 2004 and 2005 and again depict Monticello beginning in 2006 24 The resultant act the American 5 Cent Coin Design Continuity Act of 2003 was signed into law on April 23 2003 Under its terms the Treasury Secretary could vary the nickel s designs in honor of the 200th anniversary of the Expedition and of the Louisiana Purchase but the nickel would again feature Jefferson and Monticello beginning in 2006 25 Under Cantor s legislation every future five cent coin will feature Jefferson and Monticello 26 nbsp Obverse struck in 2004 the last year Schlag s obverse design was usedIn November 2003 the Mint announced the first two reverse designs to be struck with Schlag s obverse in 2004 27 The first designed by United States Mint sculptor engraver Norman E Nemeth depicts an adaptation of the Indian Peace Medals struck for Jefferson The second by Mint sculptor engraver Alfred Maletsky depicts a keelboat like that used by the Expedition 28 nbsp Monticello returned to the reverse of the Jefferson nickel in 2006The 2005 nickels presented a new image of the former President designed by Joe Fitzgerald based on Houdon s bust of Jefferson 29 The word Liberty was taken from Jefferson s handwritten draft for the Declaration of Independence though to achieve a capital L Fitzgerald had to obtain one from other documents written by Jefferson 30 The reverse for the first half of the year depicted an American bison recalling the Buffalo nickel and designed by Jamie Franki The reverse for the second half showed a coastline and the words Ocean in view O The Joy from a journal entry by William Clark co leader of the Expedition 29 Clark had actually written the word as ocian but the Mint modernized the spelling 30 The obverse design for the nickel debuting in 2006 was designed by Franki It depicts a forward facing Jefferson based on an 1800 study by Rembrandt Peale and includes Liberty in Jefferson s script According to Acting Mint Director David Lebryk The image of a forward facing Jefferson is a fitting tribute to his vision 31 The reverse beginning in 2006 was again Schlag s Monticello design but newly sharpened by Mint engravers 32 As Schlag s obverse design on which his initials were placed in 1966 is no longer used his initials were placed on the reverse to the right of Monticello 33 In 2009 a total of only 86 640 000 nickels were struck for circulation 34 The figure increased in 2010 to 490 560 000 35 The unusually low 2009 figures were caused by a lack of demand for coins in commerce due to poor economic conditions 36 In 2020 the coin was struck for the first time at the West Point Mint with mint mark W these pieces were not released into circulation but were used as premiums in the Mint s annual sets A proof 2020 W nickel was placed in the clad proof set and a reverse proof 2020 W nickel in the silver proof set 37 Plans to include an uncirculated 2020 W nickel in the annual uncirculated coin set were abandoned due to the COVID 19 pandemic 38 The Circulating Collectible Coin Redesign Act of 2020 Pub L Tooltip Public Law United States 116 330 text PDF was signed by President Donald Trump on January 13 2021 It provides for among other things special one year designs for the circulating coinage in 2026 including the nickel for the United States Semiquincentennial 250th anniversary with one of the designs to depict women 39 See also EditUnited States nickel mintage figuresReferences Edit nbsp Money portal nbsp Numismatics portal nbsp United States portal Bowers 2007 p 127 Bowers 2007 pp 127 128 Bowers 2007 p 129 a b Taxay 1983 p 369 Bardes Herbert C Nickel designer gains his place The New York Times July 24 1966 p 85 Retrieved on April 7 2011 Fee for article Vermeule 1971 pp 205 206 a b Bowers 2007 pp 129 131 Vermeule 1971 p 207 Sic the view is actually the rear elevation not the front Bowers 2007 pp 141 143 Lange 2006 p 167 Bowers 2007 pp 143 144 1939 5C Reverse of 1938 Regular Strike 1940 Transitional 5c Reverse Design Bowers 2007 pp 146 148 1943 2 P 5C FS Regular Strike Henning Counterfeit Nickel Archived from the original on 2015 04 02 Retrieved 2014 03 19 Bowers 2007 p 149 Bowers 2007 p 143 Bowers 2007 pp 259 260 Bowers 2007 p 222 The 1994 amp 1997 Matte Finish Jefferson Nickels Bowers 2007 pp 150 151 Va legislators want to keep their nickel back AP via USA TODAY July 23 2002 Retrieved on April 7 2011 Nation to get newly designed nickels United States Mint April 24 2003 Retrieved on April 7 2011 U S Code Title 31 Section 5112 Archived 2011 11 23 at the Wayback Machine Cornell University Law School Retrieved on April 20 2011 Anderson Gordon T U S to get two new nickels CNN Money November 6 2003 Retrieved on April 7 2011 The 2004 Westward Journey nickel series designs Archived 2016 04 11 at the Wayback Machine United States Mint Retrieved on April 7 2011 a b The 2005 Westward Journey nickel series designs Archived 2011 08 21 at the Wayback Machine United States Mint Retrieved on April 7 2011 a b Frazier Joseph New nickel recalls historic moment AP via The Register Guard Eugene Ore August 5 2005 p C7 Retrieved on April 7 2011 US unveils forward looking nickel BBC October 6 2005 Retrieved on April 8 2011 The 2006 Westward Journey nickel series designs United States Mint Retrieved on April 8 2011 Jefferson nickels Collectors Weekly Retrieved on April 12 2011 2009 coin production United States Mint Retrieved on April 20 2011 2010 coin production United States Mint Retrieved on April 20 2011 Unser Darrin Lee US coin mintages plummeted as Mint cut production Coin News January 20 2010 Retrieved on April 20 2011 Gilkes Paul January 10 2020 Mint to issue 2020 W Jefferson 5 cent coins as annual set premiums Coin World Retrieved January 10 2020 Gilkes Paul 2020 Uncirculated Mint set won t contain 2020 W 5 cent coin coinworld com Amos Media Company Retrieved January 5 2021 Gilkes Paul January 15 2021 Circulating Collectible Coin Redesign Act of 2020 signed by president Coin World Retrieved January 23 2021 Bibliography EditBowers Q David 2007 A Guide Book of Buffalo and Jefferson Nickels Atlanta Ga Whitman Publishing ISBN 978 0 7948 2008 4 Lange David W 2006 History of the United States Mint and Its Coinage Atlanta Ga Whitman Publishing ISBN 978 0 7948 1972 9 Taxay Don 1983 The U S Mint and Coinage reprint of 1966 ed New York N Y Sanford J Durst Numismatic Publications ISBN 978 0 915262 68 7 Vermeule Cornelius 1971 Numismatic Art in America Cambridge Mass The Belknap Press of Harvard University Press ISBN 978 0 674 62840 3 Retrieved from https en wikipedia org w index php title Jefferson nickel amp oldid 1164911217, wikipedia, wiki, book, books, library,

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