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1866 - May 16 – The United States Congress approves the minting of a nickel 5-cent coin (nickel), eliminating its predecessor, the half dime.


1866 - May 16 – The United States Congress approves the minting of a nickel 5-cent coin (nickel), eliminating its predecessor, the half dime.

FIVE CENT COIN.
In the House of Representatives, a few days ago, the following proceedings took place.

Mr. Kasson - The Committee on Coinage, Weights and Measures have instructed me to report House bill No. 397, to authorize the coinage of five cent pieces.

No objection being made, the bill was considered, and was ordered to be engrossed and read a third time.

The bill provides that as soon as practicable there shall be coined at the United States mint a five cent piece, composed of copper and nickel, the proportion of the latter not exceeding 25 per cent, and of the coin not to exceed 60 grains. The bill further provides that from and after the passage of this act no further issues shall be made of the five cent fractional currency, and all such outstanding currency shall be redeemed & withdrawn from circulation, leaving no fractional currency of a less denomination than ten cents...

 

The Lincoln County Herald

Troy, Missouri



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