FISCAL: New Nickel

By law the design of any U. S. coin may be changed after 25 years. Because the buffalo-Indian head nickel will be 25 years old on February 21, Secretary of the Treasury Morgenthau last week announced that the Mint would coin no more after that date. A jury composed of Director of the Mint Nellie Tayloe Ross and three sculptors—Sidney Waugh, Albert Stewart and Heinz Warneke—will pick a new design from those submitted by artists. But the New Deal has already picked the subject of the winning design. It must bear a portrait of Thomas Jefferson on the obverse,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!