The E-Sylum:  Volume 8, Number 16, April 17, 2005, Article 7

STAMPEDE FOR THE NEW BUFFALO NICKELS

Also on April 14, the Eugene, Oregon The Register-Guard
published a story about the public's reception of the latest
nickels:

"Some banks were slow to get the new nickel after it was
released to the public on Feb. 28. Coin dealers had them
soon after they became available and for a slight surcharge,
you could get the coins before they hit the banks."

"Coin dealers said the popularity of the state quarters program
has led to more awareness of all newly minted coins, but the
buffalo nickel has drawn more attention than the first two in
the series.

"I've gotten more inquiries from Joe Public about the nickel
than anything else in a while," said Alex Pancheco, owner of
Bear Creek Coin in Eugene. "The demand on the East Coast
is so high the Federal Reserve has rationed shipments. People
have always liked the buffalo nickel."

"The new nickel has sparked renewed interest in the older
ones. The old buffalo nickels - which had the image of an
American Indian on the opposite side - have some value
because of their rarity, but no one expects these commemorative
nickels to ever be worth much more than, well, a nickel."

"Carla Nash, a senior client services specialist at Pacific
Continental Bank, said her bank ordered the new nickel as
soon as possible. "We have numerous clients who asked for
them," she said. "We've had requests for them for months.
They are very popular."

To read the full article, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

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