The organization makes billions of coins annually, including more than 1.3 billion nickels in 2017.Ĭorrection (June 29): an earlier version of this story said that Andrew Jackson approved the nickel coin. But if the Mint were able to scale up NIST’s model alloy, they’d likely save millions on printing these tiny coins every year. “The Mint is continuing to examine potential alternative metals for coinage,” says a Mint spokesperson. It’s not clear when these new nickels will go into circulation-or if they will at all (not that anyone using the coins would be able to tell). (The Mint had asked the team to wait to publish until it could submit its biennial report to Congress.) Their work was published (paywall) a few years later in June of this year in the journal Integrating Materials and Manufacturing Innovation. In less than a year, they were able to come up with a metal mixture that mimics exactly everything about nickels as we currently know them and print prototypes. Rather than making hundreds of individual sample coins with various metal ratios, the team plugged in all the metallic variables into a computer program that allowed them to model different recipes. They thought zinc and manganese would be good candidate metals, but had no idea exactly how much of them should be mixed with nickel and copper-if you change one metal, you’re likely going to change at least one or more of the properties of the coin as a whole. Lass and his team set out to identify a specific mix of metals that would meet all of these criteria. If all that wasn’t enough, the Mint told NIST they wanted a coin that could be made in its current facilities in Denver and Philadelphia, so the design had to be compatible with their existing equipment and techniques. It would cost tens of billions of dollars to reprogram or replace all this equipment, Lass says. These requirements weren’t explicitly set out by Johnson, but his choices had downstream impacts: all the vending machines and coin counters in the US use conductivity to distinguish different coin types. They don’t corrode when being held in a sweaty palm or dropped in a fountain, and they have a specific amount of electrical conductivity. Nickels also have to have a specific hardness: soft enough to be engraved, but hard enough to resist easily wearing away while jangling around in a pocket.Īside from the physical properties, nickels need to have a unique set of chemical properties. Next, there’s the weight: nickels must all weigh five grams, to ensure consistency when counting large amounts of the coins at once. “A nickel is silver colored, but if you really look at it there’s a bit of a red tinge and that comes from the copper,” says Eric Lass, a NIST chemist specializing in metals. Little did he know that this decision would cause major headaches for scientists over a century later.įirst, there’s the color. The decision caused public outrage, the note stopped circulating, and president Johnson stepped in: There would only be the five-cent coin, he decided, and it would be made of a mixture of nickel and copper, two metals of equal value at the time. Spencer Clark, the man in charge of the National Currency Bureau (which would later become the Bureau of Engraving and Printing), thought it would be funny to put his own face on the five-cent bill.
This plan was going well, until one man’s impressive hubris foiled the currency system once more. (At the time, $0.05 was valuable enough to merit its own bill.) Simultaneously, they kept bills in circulation. When the war ended, the US government started making coins again, but decided that this time, it would make coins out of nickel, a commodity cheap enough that no one would hoard it. In the meantime, the government had already begun printing paper currency.
The government didn’t have the resources to make more coins to put into circulation to replace the hoarded gold and silver, so precious metal-based currency began to be in short supply. People had lost confidence that the US government could survive, let alone back any of the gold and silver coins in circulation then, so they started hoarding them for their value as precious metals. The nickel as we know it today is the result of then-president Andrew Johnson’s desperation to restore faith in the American monetary system after several years of conflict and uncertainty, according to Smithsonian.