coin shortage 1964

From the San Saba (Texas) News and Star, July 8, 2004.
Down Memory Lane column

June 13, 1964

"Persons needing small change may get pennies and dimes, but no nickles,
reports Pay Murray, President of City National Bank. The coin shortage has
been blamed on vending machines and people hoarding coins who think they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S

"Persons needing small change may get pennies and dimes, but no nickles,
reports Pay Murray, President of City National Bank. The coin shortage has
been blamed on vending machines and people hoarding coins who think they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S


If I remember right along with vending machines, collectors were
blamed for the shortage and in order to discourage collectors the
govt. got the bright idea to eliminate mint marks from coins
and discontinue proof sets and
substitute that with "special mint
sets". (I never really saw the logic
in that thinking). They finally came
back to their senses in 1968 with
mint marks and proof sets coming
back.

hoards of 1964 nickles to surface any day now

And surface they did. It seems every time I open a roll of nickles at my
store there is always at least 1 1964. They minted a lot of them.
2,815,919,922 to be exact.

Fonty

"TerryS" wrote in message
...
From the San Saba (Texas) News and Star, July 8, 2004.
Down Memory Lane column

June 13, 1964

"Persons needing small change may get pennies and dimes, but no nickles,
reports Pay Murray, President of City National Bank. The coin shortage has
been blamed on vending machines and people hoarding coins who think
they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S

"Fonty" wrote in
:

hoards of 1964 nickles to surface any day now

And surface they did. It seems every time I open a roll of nickles
at
my store there is always at least 1 1964. They minted a lot of
them.
2,815,919,922 to be exact.

Fonty

"TerryS" wrote in message
...
From the San Saba (Texas) News and Star, July 8, 2004.
Down Memory Lane column

June 13, 1964

"Persons needing small change may get pennies and dimes, but no
nickles, reports Pay Murray, President of City National Bank. The
coin shortage has been blamed on vending machines and people
hoarding
coins who think
they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S






When I first started, back in 1967, that was the coin that I found the
most of, 64 and 64-D Jeffersons.

Fonty wrote:

hoards of 1964 nickles to surface any day now

And surface they did. It seems every time I open a roll of nickles at my
store there is always at least 1 1964. They minted a lot of them.
2,815,919,922 to be exact.

Want a challenge though? Look for 1964 and 1964-D's from circulation
grading EF-40 and higher. ;-) I've found about a half dozen in three
years. Overall, this has to have been one of the *hardest working*
production runs the US Mint every punched out.

Alan
'has played a nickel slot and won'


"TerryS" wrote in message
...
From the San Saba (Texas) News and Star, July 8, 2004.
Down Memory Lane column

June 13, 1964

"Persons needing small change may get pennies and dimes, but no nickles,
reports Pay Murray, President of City National Bank. The coin shortage has
been blamed on vending machines and people hoarding coins who think
they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S

"TerryS" wrote in message
m...

From the San Saba (Texas) News and Star, July 8, 2004.
Down Memory Lane column

June 13, 1964

"Persons needing small change may get pennies and dimes, but no nickles,
reports Pay Murray, President of City National Bank. The coin shortage has
been blamed on vending machines and people hoarding coins who think
they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S

"Fonty" observes:

And surface they did. It seems every time I open a roll of nickles at my
store there is always at least 1 1964. They minted a lot of them.
2,815,919,922 to be exact.

Fonty

Which, as of this moment, are more than the Westward Expansion nickels
currently in production.

P Mint - 407,280,000
D Mint - 400,800,000

Total - 808,080,000

http://www.usmint.gov/about_the_mint...fm?action=prod
uction_figures&allCoinsYear=2004#starthere

or

http://makeashorterlink.com/?C4D312428

Jerry

That is interesting. It may be some time before the1964 mintage is
exceeded.
"Jerry Dennis" wrote in message
...
"TerryS" wrote in message
m...

From the San Saba (Texas) News and Star, July 8, 2004.
Down Memory Lane column

June 13, 1964

"Persons needing small change may get pennies and dimes, but no
nickles,
reports Pay Murray, President of City National Bank. The coin shortage
has
been blamed on vending machines and people hoarding coins who think
they'll
make a profit by putting coins away in a safety deposit box"

hoards of 1964 nickles to surface any day now.

Terry S

"Fonty" observes:

And surface they did. It seems every time I open a roll of nickles at my
store there is always at least 1 1964. They minted a lot of them.
2,815,919,922 to be exact.

Fonty

Which, as of this moment, are more than the Westward Expansion nickels
currently in production.

P Mint - 407,280,000
D Mint - 400,800,000

Total - 808,080,000

http://www.usmint.gov/about_the_mint...fm?action=prod
uction_figures&allCoinsYear=2004#starthere

or

http://makeashorterlink.com/?C4D312428

Jerry

On Mon, 19 Jul 2004 01:30:20 GMT, Alan Williams is
alleged to have written:

Fonty wrote:

hoards of 1964 nickles to surface any day now

And surface they did. It seems every time I open a roll of nickles at my
store there is always at least 1 1964. They minted a lot of them.
2,815,919,922 to be exact.

Want a challenge though? Look for 1964 and 1964-D's from circulation
grading EF-40 and higher. ;-) I've found about a half dozen in three
years. Overall, this has to have been one of the *hardest working*
production runs the US Mint every punched out.

Alan
'has played a nickel slot and won'


Want a REAL challenge? Try to find either of those with full steps.

Bruce (never seen one)

Bruce Hickmott wrote:

On Mon, 19 Jul 2004 01:30:20 GMT, Alan Williams is
alleged to have written:

Fonty wrote:

hoards of 1964 nickles to surface any day now

And surface they did. It seems every time I open a roll of nickles at my
store there is always at least 1 1964. They minted a lot of them.
2,815,919,922 to be exact.

Want a challenge though? Look for 1964 and 1964-D's from circulation
grading EF-40 and higher. ;-) I've found about a half dozen in three
years. Overall, this has to have been one of the *hardest working*
production runs the US Mint every punched out.

Alan
'has played a nickel slot and won'


Want a REAL challenge? Try to find either of those with full steps.

Bruce (never seen one)

I decline. ;-) If that production run was a hard working one, imagine
the workout the dies got! Good strike 1964 nickels (the hardest
planchet the mint works with!) are problematic.

And *if* any of those coins actually left the Mint qualifying as "Full
Step", then the vending machine/casino/parking meter has long since
taken care of *that*! And you'd have to question your own sanity to
have been socking away rolls or bags of 1964-D's....

Alan
'there's a 64 in every bite'

"Persons needing small change may get pennies and dimes, but no nickles,
reports Pay Murray, President of City National Bank. The coin shortage has been
blamed on vending machines and people hoarding coins who think they'll make a
profit by putting coins away in a safety deposit box" hoards of 1964 nickles to
surface any day now.

SOMEBODY please give me Pay Murray's email address so I can "dress him down".

What a moronic statement, not to mention completely incorrect. What was being
hoarded were the 1964 quarters and dimes, not the nickels. The nickels were
overproduced to compensate for the hoarding of the quarters and dimes.

And, if memory serves, there was some sort of statistic that went something
like: "there were more nickels minted in 1964 than in all 10 of the succeeding
years combined" or something like that.

I remember the mid-to-late 60's (when we all were collecting up the Silver
Certificates to send in - rumors of demonitizing flourished) and the "sandwich"
coinage. 1964 nickels were very abundant the, and have since continued to be
easilly found in circulation.


8-|
- Coin Saver