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RE: American Coins from the Turn of the Century

in #silvergoldstackers10 days ago

That's fascinating! Nickel is a "war-time" metal, demand usually goes up when nations are army building. Interesting that China was buying nickel metal. The US "nickel" only has 25% nickel and the rest copper, so I don't know why they're called a "nickel". It was the first non silver coin in the US (besides the penny), so I think the name was an attempt to created demand for an unusual metal for it's time. Nickel was still pretty rare at the turn of the century, but it's very common today.

I wonder if the Bolivar can still be found these days, or if they're all melted down!

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No, in 1982, the central bank declared that there were no more nickel coins, and in that same communiqué they said that they were already commanding to make new coins, to solve the problem of the shortage of coins, they created bills like this one

These small bills are the size of the Monopoly game bills, and Venezuelans called them Monopoly bills.

Monopoly bills... switching from metal-backed coins to paper does feel like switching to play money. !BBH

@lanzjoseg! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (15/100)

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