In 1956, wooden nickels became popular. You might not expect it, but not all nickels are made of base metals. That’s why the 1956 wooden nickel might be one of the most interesting types of coins that you will ever add to your collection.
If you wish to learn more, you need to read through this article.
What Is the 1956 Wooden Nickel Made Of?
The 1956 wooden nickels, as its name suggests, are made of wood. The wood was any durable and hard wood, but the most commonly used wood to produce in 1956 wooden nickel was the rock maple or Acer saccharum. Sometimes, rock maples are also known as hard maple or sugar maple.
The rock maple trees are commonly found in the northeast side of the United States. The rock maple is harvested, dried out, or seasoned. After that, the wood is cut into square planks, becomes a lathe, and dowels.
The wooden blank coin would then be smoothened to remove rough edges. The wooden coin should be just the right thickness. They are removed from the production line if they are too thick or too thin.
The 1956 wooden nickels would then go through the printing process, where their images and letters are added.
Since wooden nickels can easily react to acidic surfaces or substances, special care should be observed.
1956 Wooden Nickel Varieties
Because wooden nickels primarily served as a token, they were not regulated at the federal level. So, you can expect that there will be different varieties of 1956 wooden nickels. Moreover, the 1956 wooden nickels were issued by banks or merchants.
To help you get more familiar with the 1956 wooden nickels, here are some varieties you should know:
1956 Wooden Nickel (Pennsylvania)
Year of minting: 1956
Place of minting: Pennsylvania
Quantity produced: N/A
Face Value: $0.05 (five cents)
Image Source: eBay
1956 Wooden Nickel (Allentown, Pa)
Year of minting: 1956
Place of minting: Pennsylvania
Quantity produced: N/A
Face Value: $0.05 (five cents)
Image source: eBay
Allentown, PA, produced wooden nickels in 1956. These nickels were created in honor of Allentown’s bicentennial anniversary. As a commemorative token, it was used mostly as a souvenir rather than as an actual currency.
1956 Wooden Nickel (Conneautville, Pa)
Year of minting: 1956
Place of minting: Philadelphia
Quantity produced: N/A
Face Value: $0.05 (five cents)
Image source: Etsy
The 1956 wooden nickel was made in Conneautville, Pennsylvania. The coin was made of wood and mimicked the size of a nickel.
How Much Is The 1956 Wooden Nickel Worth Today?
The 1956 wooden nickel is made of wood, unlike other metallic coins. This means that its value is primarily based on the perception of people.
With this in mind, the 1956 wooden nickel would only be valuable depending on how people see it. This means that a person might be willing to pay 5 cents like what its face value says or will pay thousands of dollars because a buyer sees the potential value of the wooden coin.
According to the Coin Talk website, the most expensive wooden nickel ever sold is the 1933 Olsen specimen Liberty Wooden Nickel, which was sold for $3,737,500.
How Does The Grading System Work?
The wooden nickel isn’t graded in the same way as other coins made with base metals or precious metals. There’s no standard way of grading a wooden coin. However, people will base their price on the wooden nickel’s scarcity, condition, and age.
Where To Buy Or Sell 1956 Wooden Nickel?
You might have difficulty finding a 1956 wooden nickel today if you rely on coin, antique, or pawn shops. You can check auction houses to see if they have this on sale.
Today, the quickest and easiest way to buy or sell 1956 wooden nickels is online. You can head to popular marketplaces like eBay, Etsy, and Amazon. These websites are known to be where most people gather to find their desired coins.
You can also do a Google search. You should easily find relevant websites that could help. You can try social media platforms. Look for groups or pages that are specifically made for US coins.
FAQs
Who owns the Wooden Nickel?
If you’re referring to the Wooden Nickel Bar, it is owned by Mark Walter. Buyers and owners would like to stay anonymous if you’re asking about the 1956 wooden nickel. However, you can ask around and find people who are willing to show their wooden nickel collections online.
What does the phrase Wooden Nickel mean?
A wooden nickel is a five-cent piece that is made of wood. These wooden nickels primarily serve as souvenir tokens.
How much is a wooden nickel worth?
Most wooden nickel would be just 5 cents. However, older wooden nickels, still in superb condition, could be worth hundreds or thousands of dollars.
