what does u with a circle around it mean
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People had lost confidence that the US government could survive, let alone back any of the gold and silver coins in circulation then, so they started hoarding them for their value as precious metals.
The Answer:
Actually, the first five-cent coin in U.S. history was made of silver and was smaller than today’s dime. … The size of the coin was increased and its metallic content was changed from silver and copper to a combination of copper and nickel.
U.S. nickels really do contain nickel, but probably not as much nickel as you might think. In fact, 75% of a typical U.S. 5-cent coin is actually copper! Only 25% of a nickel actually is made of nickel. This has been the case for the U.S. 5-cent coin since 1866, when the first nickel 5-cent coin was made.
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