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New nickel design to be released later today (Press release is now out - link added)
aRabidChipmunk
Posts: 196
Well, from what I understand, the new design for the nickel is supposed to be released today.
Guess I'll have to keep an eye out on the mint's web site today.
Hope they came up with a good design.
Guess I'll have to keep an eye out on the mint's web site today.
Hope they came up with a good design.
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We all hope... most of the time it is dashed...
said though they wont be available till early next year....
should be a real boost for the Jeff series.
Believe me, I would soooooooooooooooooooo love to be wrong about this.
On the Today Show this morning they said they obverse was going to remain unchanged.
karen
-Thomas Jefferson
Jade Rare Coin eBay Listings
I've lost any interest in this program since the Virginia politicians shoved it to the American taxpayers & coin collectors by
PERMANENTLY hijacking the nickels design.
Tom
Well, their state quarter was a bust, now they can try again with "their" state nickel.
Jim
Just kidding.
Bulldog
No good deed will go unpunished.
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U.S. Mint Press Room - For some reason they put the images on the main pressroom link page and not in the press release...go figure.
U.S. Mint New Nickel Design Press Release
Edit: Buffalo nickel, watch out!
Anyone around from the 59/60 era notice a change in Lincoln cents (Demand / Price) when they swapped the wheat stalks for the memorial?
<< <i>Does this mean the Jeff nickels from 38-to-03 will go nuclear? >>
Triple nuclear and on fire!!! The greatest market in history!!!
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
i like the new designs, but while i understand the idea behind the change and can agree with it in principal, it seems we've placed both feet on a slippery slope with regards to commemeration on U.S. coinage. perhaps i'm mistaken, but don't we have a commemerative program with some historical precedent and a strong foundation in the collecting community already?? that's the main beef i had with the state quarter program-----a great idea to infuse new life into the hobby, but it sort of misappropriated the Washington Quarter. now we have the same misappropriation with the Jefferson Nickel with the added bonus of having the denomination misguidedly perceived as belonging to a group of citizens instead of the nation as a whole. very, very sad indeed.
i am now convinced that Lincoln Cent collectors can begin to mourn the at least temporary loss of their coin. as 2008 approaches, the wailing and gnashing of teeth will become louder as the design is "stolen" by those who'll claim to know what's best. and resistance is futile. we are really at the mercy of the legislators in these redesign/commemoration issues.
remember, i'm a nickel guy who likes commems, just not the same coin.
al h.
I disagree with you. I think the main point of doing the State Quarter Program on the Washington Quarter was to ensure as wide a circulation as possible. Naturally, putting this on circulating coinage helps achieve that goal. Too often people outside of the Coin World have no idea about any coins that they do not actually see and put in their pocket. I know many people at work that never knew what a Silver Eagle was until I showed it to them. They also did not know we still make Kennedy halves. If the State Quarter program would have been done the regular commem. way on a silver dollar or half I do not think it would have been nearly as "nationally" popular as the quarters. Sure those of us in the coin world would have all loved it and bought them, but nobody else.
I will agree though that this is not something I want to see ALL THE TIME (which it appears the success of the Quarter program is a Pandora's box now). I would have liked to oof thought of the quarter program as very unusual and special. But I guess that will not be the case from now on.
<< <i>Does this mean the Jeff nickels from 38-to-03 will go nuclear? Or will this be like the bicentenial coinage switched back.
Anyone around from the 59/60 era notice a change in Lincoln cents (Demand / Price) when they swapped the wheat stalks for the memorial? >>
Many things caused the coin boom of the mid-'60's. Most importantly the time was
simply right since there were large numbers of people at the likliest age to start col-
lections. But several things caught people's attention. The '55 DD cent was one of
the first that got wide play and this was soon followed by the change in the reverse
that got even wider attention.
That particular run-up may not have been extremely healthy for all involved since it was
pretty focused and left many holding the bag. It did, however, initiate many to the hob-
by and the coin market and show the dangers of going along with crowds. Remember,
though that if you look at with the eyes of one who was caught up, it did make sense:
Huge numbers of new collectors would one day require huge numbers of BU coins for their
collections.
There is almost certain to be new interest in the nickel as the masses see the design
change. It is difficult to predict how dramatic the results may be.
for someone who tended to disagree with me, you sure helped to make my point at the end of your first post-------to wit, pandora's box!!
i understand the point of a circulating coin to get peoples attention. the thing is, when was the last time you saw advertising for an SAE outside of a coin publication? if our bullion coins were talked about on the national news, they would probably receive a bit more attention. ditto a commemerative coin. if the State Quarters were only struck and placed in circulation, they more than likely would be collected on a much smaller scale. as it stands, they are much ballyhooed and their "collectibility" is the result. when was the last time you saw a coin receive some kind of mention on the national news or in a major metropolitan newspaper?
the trouble with the state of the world today is that whenever a good idea is happened upon, it gets milked dry. rest assured, after the quarter and nickel program successes, we are almost guaranteed something with the Lincoln Cent and probably the Kennedy Half-Dollar. i really think the quarter program was a good thing for the hobby, but..................................
al h.