Wooden Nickels - Coin Talk

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Discussion in 'Coin Chat' started by Collecting Nut, Mar 21, 2020.

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Collecting Nut Borderline Hoarder

A Wooden Nickel is a token. They were mostly issued by a merchant or a bank and at times redeemable for specific items. Scrip and tokens have often been issued locally in times of severe economic distress such as a financial crisis ir during the Civil War. In the depression, a local bank in Tenino, Washington issued emergency currency printed on thin wood strips. Blaine, Washington did the same but included a five cent piece. The 1933 Chicago World's Fair issued wooden nickels as souvenirs. This practice continues to the present day but not just confined to fairs. In recent times, wooden nickel trading has become very popular. You can have your own personalized token made and trade or sell them. The phrase "don't take any wooden nickels" is American in nature and it's a lighthearted reminder to be cautious in your dealings. It also means "don't be a sucker". Wooden Nichels can date back to the 1880s but they did not become abundant until the 1930s. The most valuable wooden nickel known is the 1933 Olsen specimen Liberty Wooden Nickel, which is valued at $3,737,500. The 2nd most famous wooden nickel is the 1918/17 D Buffalo Wooden Nickel with a doubled die obverse and that one is valued at $350,750. Third in line is a 1926 Buffalo Wooden Nickel. That one sold for $322,000. Some wooden nickels have the letters TUIT on them. The expression is "get around to it". Wooden nickels are commonly used today in coin clubs and shows. The most common having a buffalo or an Indian on one side, with the other side containing the advertising. Wooden Nickels can have have been used for just about everything imaginable. A common one is for a cup of coffee at Sambo's restaurants. Some Wooden Nickels are for free while others offer something cheap. Here are a few of mine. All 3 have the same Indian Head obverse. The coveted wagon reverse comes in 2 colors, black or red. The Bicentennial Wooden Nickel from Edmonds, Washington was used at numerous stores in the downtown area for a specific period.
Last edited: Mar 21, 2020 Collecting Nut, Mar 21, 2020 #1 + Quote Reply Goldsayshi463, tmeyer, Mountain Man and 10 others like this.
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alurid Well-Known Member

I like wooden Nickels as they have a wide variety of issuers.
alurid, Mar 21, 2020 #2 + Quote Reply Cheech9712, Goldsayshi463, Mike185 and 4 others like this.
Islander80-83 Well-Known Member

This should be a wooden cent, it was way over valued!
Last edited: Mar 21, 2020 Islander80-83, Mar 21, 2020 #3 + Quote Reply Goldsayshi463, SammyMann, hotwheelsearl and 7 others like this.
Circus Tokens Only !! TEC#4981

Sambo's reverse same only with date (2007)
Circus, Mar 21, 2020 #4 + Quote Reply Goldsayshi463, Mike185, dwhiz and 4 others like this.
paddyman98 I'm a professional expert in specializing! Supporter

I have a few Most are flea market purchases.. #1 #2 in the middle of course
paddyman98, Mar 21, 2020 #5 + Quote Reply Goldsayshi463, Mountain Man, George Bryan Sparlin and 3 others like this.
paddyman98 I'm a professional expert in specializing! Supporter

This is a wooden dollar I got from @lordmarcovan His business card from and old shop he had years ago.
paddyman98, Mar 21, 2020 #6 + Quote Reply Cheech9712, Goldsayshi463, I_like_Morgans and 7 others like this.
Collecting Nut Borderline Hoarder

paddyman98 said: ↑
This is a wooden dollar I got from @lordmarcovan His business card from and old shop he had years ago. View attachment 1088012 View attachment 1088013 Click to expand...
I want one!
Collecting Nut, Mar 21, 2020 #7 + Quote Reply Cheech9712 and Goldsayshi463 like this.
techwriter Well-Known Member

A few of mine
techwriter, Mar 21, 2020 #8 + Quote Reply Cheech9712, Goldsayshi463, Stevearino and 16 others like this.
Islander80-83 Well-Known Member

@techwriter- A Wooden Nickel collector!?!?! And they're in 2x2 flips! That is impressive. I wonder, are there high end/high value wooden nickels out there?
Islander80-83, Mar 21, 2020 #9 + Quote Reply Cheech9712 likes this.
Randy Abercrombie Supporter! Supporter

Very cool. I had five hundred made twenty years ago to advertise my little company. Still have a stack behind my desk. I opted for the “round tuit” version.
Randy Abercrombie, Mar 21, 2020 #10 + Quote Reply Stevearino likes this.
techwriter Well-Known Member

Islander, I have no idea about high end/high value ones; just picked them up for the fun of it and also because I knew many of the folks who "published" them. As for the 2x2s; I did most of them in my "spare" time.
techwriter, Mar 21, 2020 #11 + Quote Reply Circus, Islander80-83 and Randy Abercrombie like this.
Islander80-83 Well-Known Member

techwriter said: ↑
Islander, I have no idea about high end/high value ones; just picked them up for the fun of it and also because I knew many of the folks who "published" them. As for the 2x2s; I did most of them in my "spare" time.Click to expand...
Very nicely done!
Islander80-83, Mar 21, 2020 #12 + Quote Reply
alurid Well-Known Member

alurid, Mar 21, 2020 #13 + Quote Reply Goldsayshi463, capthank, techwriter and 4 others like this.
alurid Well-Known Member

alurid, Mar 21, 2020 #14 + Quote Reply Goldsayshi463, capthank, techwriter and 4 others like this.
Collecting Nut Borderline Hoarder

Islander80-83 said: ↑
@techwriter- A Wooden Nickel collector!?!?! And they're in 2x2 flips! That is impressive. I wonder, are there high end/high value wooden nickels out there?Click to expand...
Yes, a number of them exist and they also have a large number of Wooden Nickels that go for $25 and under but they will cost you more than $10.
Collecting Nut, Mar 21, 2020 #15 + Quote Reply Islander80-83 likes this.
Collecting Nut Borderline Hoarder

I wonder if a TPG grades these? If not, maybe I should develop a grading service for them.
Collecting Nut, Mar 21, 2020 #16 + Quote Reply John Skelton likes this.
Islander80-83 Well-Known Member

Those are coins with real wood grain!
Islander80-83, Mar 21, 2020 #17 + Quote Reply Stevearino likes this.
Chris B Supporter! Supporter

Here is a seldom-seen Dickel.
Chris B, Mar 21, 2020 #18 + Quote Reply Goldsayshi463, Stevearino, capthank and 9 others like this.
Collecting Nut Borderline Hoarder

Chris B said: ↑
Here is a seldom-seen Dickel. View attachment 1088198 Click to expand...
Now that's different. It looks a little bigger than a wooden nickel.
Collecting Nut, Mar 21, 2020 #19 + Quote Reply
ewomack 魚の下着

Wooden nickels were once ubiquitous back in the pre-Internet days. I don't really see them much anymore. In fact, I can't remember the last time I saw one or even heard of one. Very nostalgic. Unfortunately, a quick rummaging through some neglected drawers turned up nothing, so I must have parted with the few I had some time ago. I definitely had one from Wall Drug at some point...
ewomack, Mar 21, 2020 #20 + Quote Reply Collecting Nut likes this.