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Trusty Nickels Aren't What They Used To Be
The AP reports in New York on January 18 that since 1866 the government has minted 4.4 billion nickels yet many can't buy basic items. Nickels still buy some goods but many uses, from coffee to candy to parking meters, are now priced higher. Automated cafeterias switched nickel slots to dime size and several states seek higher coin tariffs for phones. Mint Director Nellie Ross cites overproduction and weak demand, predicting nickels won’t match dimes.
MENTIONED IN THIS ARTICLE
Associated Press
EW York
Staten Island
James Monroe
Canadian Gold Mine Stocks. At This Writing, Larder
Callinan
New York
Philadelphia
South Dakota
Minnesota
Illin
California
Nevada
Oregon
Washington
New Jersey
Nellie Taylor Ross
Mint
Federal Reserve