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Reese first-grade students learn about nickels
Fri, 08 Nov 2019 07:16:46 EST
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Reese Elementary's first-grade students in Jill Sweeney's class learned about nickels this week.
Village resident Bill Thompson, who used to be the village's chief of police, brought in Buffalo nickels and wooden nickels to show the students.
After showing them off and explaining them, Thompson gave a buffalo nickel to each student.
Those nickels had a buffalo on one side an
Indian head on the other side, and were minted from 1913 to 1938.
James Earl Fraser designed both sides of that nickel.
According to the history of that design, it was part of the Renaissance of American Coinage that began with President Theodore Roosevelt.
The first variety of the buffalo nickel produced by mint originally featured the buffalo standing on a mound of dirt with the denomination FIVE CENTS rising above it. However, that design feature was soon realized as a design flaw because it prematurely wore off of the nickel. In 1913, the design was changed to recess the denomination below the rim of the coin.
Although rather a rare novelty now, wooden nickels date back to the 1880s, and were used in abundance in the 1930s.
Wooden nickels have no monetary value and are normally used to commemorate events or by organizations for self-promotion, and freely distributed.
Because they had no monetary value, "not worth a wooden nickel" was coined.