Wooden Nickel

Wooden Nickel Records was an American independent record label started in 1971 by Bill Traut , Jim Golden and Jerry Weintraub as a successor to Dunwich Records . Most of Wooden Nickel's releases were by acts based in the Chicago area, including the Siegel–Schwall Band , James Lee Stanley , Megan McDonough and Styx . The label had a distribution deal with RCA Records . Wooden Nickel ceased operations after its top act, Styx, signed with A&M Records in 1975. The label sued the band for breach of contract, then was formally disbanded in 1977.

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