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Schlag and his Nickel
03-19-2007 - By Tom LaMarre (Coins Magazine)

It’s a good thing Theodore Roosevelt wasn’t around when they came up with the idea of a Jefferson nickel. The Rough Rider hated Jefferson and never would have approved the coin. But another Roosevelt went along with it and apparently had some suggestions about the design.
Felix Oscar Schlag

“I have never hesitated to criticize Jefferson,” Teddy Roosevelt wrote. “I think the worship of Jefferson a discredit to my country.” Roosevelt claimed Jefferson led the people wrong, and followed them when they went wrong.

Teddy Roosevelt wrote. “I think the worship of Jefferson a discredit to my country.”
While admitting Jefferson had plenty of imagination and sentimental inspiration, Roosevelt felt Jefferson had “neither the courage nor farsighted common sense when the interests of the nation were at stake.”

Most people probably disagree with Roosevelt’s opinion of the third president. Jefferson is widely admired as the author of the Declaration of Independence. He was a founder of the University of Virginia, and his collection of books formed the nucleus of the Library of Congress. He also supported the Lewis and Clark Expedition.

Jefferson’s portrait appeared on paper money in the 1800s, but a Jefferson coin was not authorized until many years later. George W. Williams, president of the Baltimore Coin Club in the 1930s, probably deserves some credit for the idea. In an April 1937 letter to the Mint director, Williams suggested a series of presidential coins, beginning with one honoring Thomas Jefferson. It’s doubtful, though, he had the nickel in mind.