Collecting wooden nickels has attracted a number of coin enthusiasts who not only gather the tokens for their value but also trade them with other coin collectors. Knowing the basics of the hobby can help jump-start your first collection. Whether you are adding a Jefferson nickel, a buffalo nickel, or a mint condition wooden nickel, it helps to know about some information on the piece before committing to a purchase.What is a wooden nickel?
A wooden nickel is released as a promotional tool by a retailer, bank, or a community organization. As a token, some of these nickel pieces can be traded for goods. Much like the commemorative silver or nickel pieces, they were also issued as souvenirs for certain events. The practice continues with the issuance of silver or nickel coin memorabilia pieces such as the Jefferson nickel.What types of wooden nickels are available?
Wooden nickel and coin items often have different themes. You can choose from a selection of mint vintage and contemporary pieces for your first set of wooden nickel or silver dollar collection. Below are some variations to look out for:
- Community or historical nickel: There are wooden nickel collectibles manufactured by different states or communities. Some wooden nickel pieces are released in limited quantities to commemorate historical events, such as the Jefferson nickel.
- Round nickel tuit: This is a common wooden nickel type, which has been around for a long time. Tuits are often embossed with a witty statement or saying.
- Promotional nickel: Some of the wooden nickel custom pieces also feature a logo of a specific company and are used as an alternative business card. These coin pieces are also used to promote events.
- Free pass: Some wooden nickel tokens are customized, so they can be used as a free pass for certain events. They can sometimes be used in lieu of payment for certain products or promotional items
There are mint wooden nickel pieces which are sought after by many coin enthusiasts. For a time, these nickel items were also issued during unstable economic times. In fact, wooden nickel coin pieces printed on thin pieces of wood have been issued during the Civil War and the Depression era. These nickel items had the same value as certain coin currencies during those two time periods.
Some of these wooden coin nickel pieces were issued from the 19th century up to the early 20th century. Nickel collectors often go for mint wooden and coin pieces. From a Jefferson nickel to a collectible silver dollar coin, the items should have the right details and should be in mint dollar condition. There are also customized pieces that are sought after by enthusiasts because of their sentimental value and uniqueness, among other reasons. These laser-engraved contemporary nickel pieces come in a variety of colours and designs.