Nickels And Dimes
Objective: I know the value of dimes, nickels and pennies. 1 dime = 10 cents. 1 nickel = 5 cents. 1 penny = 1 cent. Fill in all the gaps, then press 'Check' to check your answers. Use the 'Hint' button to get a free letter if an answer is giving you trouble. You can also click on the '?' button to get a clue. Nickle & Dime $2 Plus Variety Store. 1,715 likes 14 talking about this 3 were here. Welcome to Nickle & Dime $2 Plus Variety Store, where your loose change buys you more!!! Get directions, reviews and information for Nickels & Dimes Inc in Celina, TX. Nickels & Dimes Inc 1844 N Preston Rd Celina TX 75009. Reviews (972) 939-4200 Website. Menu & Reservations Make Reservations. Order Online Tickets Tickets See Availability Directions. Nickels & Dimes Boutique. 577 likes 98 talking about this 14 were here. Thrift & Consignment Store. I used to stand on a corner when I was a child And I'd play my guitar and sing as the people went by The sidewalks were crowded but I'd just sing louder caus.
Here’s a new crisis the coronavirus pandemic is responsible for: a nationwide shortage of quarters, dimes, nickels and pennies.
The economic shutdowns to stem the spread of the novel coronavirus, spurring the deepest recession in decades, have had the unintended consequence of halting the flow of coins through households, businesses and banks, the head of the Federal Reserve confirmed Wednesday.
As the economy ground to a halt earlier this year, “the flow of coins through the economy has gotten all — it’s kind of stopped,” Fed Chair Jerome H. Powell said in a Wednesday hearing before the House Financial Services Committee. Powell said the Fed has been working with the U.S. Mint and reserve banks to fix the temporary issue.
“The places where you go to give your coins, and get credit at the store and get cash — you know, folding money — those have not been working. Stores have been closed,” Powell said. “So the whole system has kind of, had come to a stop. We’re well aware of this. … As the economy reopens, we’re seeing coins begin to move around again.”
Earlier this week, the Federal Reserve banking system issued a note warning banks that it would start rationing coins, along with working with the U.S. Mint, to fix the coin supply chain problems.
The pandemic “has significantly disrupted the supply chain and normal circulation patterns for U.S. coin,” including pennies, nickels, dimes and quarters, according to the Federal Reserve Banks. In the past few months, coin deposits from depository institutions — such as credit unions, commercial banks and community banks — have dropped. The U.S. Mint’s coin production has also fallen “due to measures put in place to protect its employees,” the Reserve Banks said.
House lawmakers largely questioned Powell about the Fed’s vast portfolio of emergency relief programs, and how the central bank is helping Americans kicked out of the workforce, midsize companies served by the Main Street Lending program and the overall stock market.
Rep. John Rose (R-Tenn.), however, said he has been hearing concerns from banks in his district that are receiving only a fraction of their weekly coin orders.
Rose mentioned one particular bank that may run out of coins by the end of this week or weekend and asked if the issue was on Powell’s radar.
“They should certainly be in touch with their reserve bank to report this situation,” Powell responded. “We’ve been working on this problem and very much appreciate you bringing it to our attention.”
Randy Graham, CEO of First National Bank of Tennessee, said his bank got a notice from the Fed late last week to expect issues with the typical coin supply. Graham said the short notice made it difficult to build up existing stock or offset the loss with new orders of coins, even if the Fed expects the interruption to be short-lived.
Graham said his bank and others are working to make sure customers can still access the services they need, even with such diminished supplies. But absent further guidance from the Fed or a more specific timeline, answers are hard to come by, Graham said.
“I would love to be able to know what the word ‘temporary’ — what the anticipation is about the specific amount of time,” Graham said. “My biggest concern is how it gets communicated out to the public.”
The U.S. Mint is the country’s issuing authority for coins and determines annual coin production. The Reserve Banks provide the mint with monthly coin orders and a 12-month rolling coin-order forecast.
The U.S. Mint did not immediately respond to a request for comment.
The Fed “is working on several fronts to mitigate the effects of low coin inventories,” according to the Federal Reserve Banks note. That includes working with the Mint to reduce supply issues and maximize production capacity, along with encouraging depository institutions to order only the coins they need to meet short-term customer demand.
“Although the Federal Reserve is confident that the coin inventory issues will resolve once the economy opens more broadly and the coin supply chain returns to normal circulation patterns, we recognize that these measures alone will not be enough to resolve near‐term issues,” the note said.
Nickels minted in the United States between 1942 and 1945 are made of 35% silver. These are commonly known as 'silver war nickels.'
Normally all other nickels are composed of 75% copper and 25% nickel. Due to the pressing need for industrial metals like nickel during World War II, five-cent coins were actually made from 35% pure silver during the duration of the war. The rest of the alloy was made up of copper (56%) and manganese (9%).
Interestingly, using this alloy meant that vending machines and coin-operated devices would still recognize and accept the silver nickels.
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How to Identify Silver War Nickels
At first glance, these silver nickels are difficult to distinguish from their copper-nickel counterparts. They look like any other old nickel to most of us. You'll see the same portrait of Thomas Jefferson on the obverse. Even the color is virtually identical.
Pile of war nickels
There are a few key visual differences you can keep an eye out for, however.
The easiest way to check for a silver war nickel is the year-date on the coin. All nickels produced from 1942 to 1945 use the 35% silver composition.
On the reverse (tails) side of the coin, you'll still find the familiar building known as Monticello, Jefferson's famous estate that he supposedly designed himself.
However, only the silver war nickels will place the mintmark on this side of the coin. The letter will either be a P, D, or an S prominently placed above Monticello
How to Tell If Your Coins Are Silver
Silver war nickels aren’t the only valuable coins you might find in your spare change. There are, in fact, several other silver coins you could potentially come across—and they’re actually 90% pure silver.
Chief among these are silver dimes. They generally come in three different varieties:
- Barber dimes (1892-1916)
- Mercury dimes (1916-1945)
- Roosevelt dimes (1946-1964)
Because of their relatively small size, quite a few of these dimes have survived in circulation. Less often you can still find 90% silver quarters, as well.
Coin dealers usually sell bank rolls or large bags of this “junk silver” grouped together by face value. Common increments are $100 or $1,000 face value.
This works because the amount of fine silver (by weight) in each coin denomination was roughly proportional to their face value.
In other words,
- a silver dime (10¢ face value) contains approximately 1/5th as much silver as a silver half dollar (50¢ face value);
- a silver quarter (25¢ face value) contains approximately 1/4th as much silver as a silver dollar (100¢ face value);
- and so on.
Nickels And Dimes Inc
What Other Coins Are Silver?
Nickels And Dimes Bull
Even in the United States, you may occasionally come across foreign silver coins in circulation. The most common are 80% silver coins from Canada.
Canadian 80% silver coins (quarters, half dollars, and dollars) were minted between 1920 and 1967. Prior to 1920, the 92.5% pure (.925 fine) sterling silver standard for British coins was used.
Some commemorative coins and proof sets issued by the U.S. Mint are still composed of 90% silver today in limited quantities.
The key thing to know:All U.S. dimes, quarters, and half dollars minted in 1964 or earlier are composed of 90% silver. Keep this fact in mind any time you decide to buy silver.
Nickel And Dime Idiom
There are very specific dates for the Kennedy half dollar and Eisenhower dollar that are also made of 40% silver. Check the infographic below for more details!