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Taking a play out of fashion industry's notebook, the U.S. Mint continues its effort to sex up its image by introducing not one but TWO new nickels next year, one for the spring, the other for fall. The nickels will still have Thomas Jefferson's profile, but the backs are new, both with events from Jefferson's presidency. The Spring Nickel celebrates the bicentennial of the Louisiana Purchase, which doubled the size of the United States as well as displaced Native Americans, thus one Native American hand and one military hand. Fall Nickel celebrates Lewis and Clark's journey through the Pacific Northwest; the image on the nickel is of Lewis's Keelboat. The Mint has an explanation of the Keelboat, but it basically looks like a boat you use when you're trying to explore the Pacific Northwest in the early 1800s.
The AP reports Monticello will return to the back of the nickel in 2006, which is reassuring to Gothamist because it just proves our theory of that everything repeats itself.
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Well, my two cents on this is that Jefferson and the Louisiana Purchase now has the bigger edge on our money than Washington and the founding of the Republic.
Jefferson Administration:
1. the nickel
2. the two-dollar bill
3. Sacajawea dollar
Washington Administration:
1. quarter
2. dollar bill
honorable mention: The New Jersey quarter has Washington on both sides (obverse and reverse). That's not the only coin to do that. There's one other with the same person shown on the back and front.
It would really be news if they started phasing in a useable $1 coin and a $5 coin.
Coinage had ten times the purchasing power at the end of World War II than it does today. Our grandparents generation got along fine carrying around money with the minimum power of today's dime, and the highest (regularly used) coin, $2.50.
We have the coinage of a banana republic.