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What is a plug nickel, and why... | Almanac.com

What is a plug nickel, and why...

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What is a plug nickel, and why isn’t it worth much?
The saying “It’s not worth a plug nickel” probably comes from the once-common practice of extracting some metal from a coin to be used for other purposes. Coins tampered with in this manner were no longer legal tender and therefore became worthless.

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