It is likely that the phrase is linked to the phenomenon of “wooden nutmeg” which was also a popular method of fraud in the 1820’s. The colloquialism, “don’t take any wooden nickels” originates from the 19 th century, when a nickel had a significant value and was worth the time and effort of replicating with wood and paint.
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Don't Take Any Wooden Nickels by Mindy Starns Clark Audiobook Download
