Silver nickel worth

Joshua McMorrow-Hernandez.

We earn money through advertising and by participating in various affiliate marketing programs. That means we may get paid a small commissions on products purchased through our links to retailer sites. This silver coin contains 1. Silver war nickels have begun to attract attention from collectors and investors of all kinds. War nickels were minted during WWII from mid through During World War 2 many items were rationed in the United States.

Silver nickel worth

We earn money through advertising and by participating in various affiliate marketing programs. That means we may get paid a small commissions on products purchased through our links to retailer sites. This silver coin contains 2. The war time nickel was introduced on October 8, in order to supply nickel to the war efforts. A larger, prominent mint-mark was added on the reverse of the coin, above the dome of Monticello to make it easy to identify war nickels. War Nickels are an inexpensive and affordable way to stack silver. These coins are commonly bought, sold and traded for their melt value, sometimes even below melt value. Melting these coins is legal. However, they are difficult to refine due to the inclusion of manganese. These coins are traded only for the intrinsic value. These nickels got their name because the raw materials used in coins were needed for armor plating of tanks in World War II.

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The U. Therefore, when you determine the value of your nickels or any other coins , remember the difference between price and value. Also, the value can go up and down based on the year, if it's been circulated or if it's in mint condition, mint marks, and special features sometimes defects from that minting. There is nothing worse than counting on your collection being worth a certain amount of money and then getting a rude awakening when you sell it, all because you consulted the wrong type of coin value guide when you made your appraisal. Jefferson nickel's values are so low that I feel they represent an excellent investment opportunity in the highest grades. Additionally, Jefferson nickels are one of the best coin types for new collectors because you can just about complete the entire Jefferson Nickel series right from circulating coinage!

So why was the metallic composition of the coins changed? Copper and especially nickel were both metals with strategic uses for the war and were more valuable than silver at the time. For example, nickel could be used to harden the metal in heavy tanks and for other military purposes. This plan would have saved tons of nickel and copper for the war effort, but technical problems were encountered. In particular, those substitutes for nickel would not work properly in coin-operated machines because the machines test the weight of the coins, which would require retrofitting all those machines. In addition, silver does not have magnetic qualities which were also needed for the machines. Various possibilities were examined including experiments to find an alloy without nickel that would not be rejected by the machines or reviving the silver half dime. This alloy was used from mid through December , six months after the war ended when nickel and copper were no longer needed in large quantities. Prior to October nickels made of the regular alloy continued to be made at the Philadelphia and Denver Mints.

Silver nickel worth

Joshua McMorrow-Hernandez. The United States government was in a bind to save materials for the war effort. So it decided to pull the nickel content out of the five-cent coin to allocate the metal for war artillery. As the wartime nickels of through contain silver , a valuable precious metal, they are worth more than face value—much more! But how much is a silver nickel worth today?

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In , a small change was made to the design to add the initials of the designer FS to the obverse, underneath Jefferson's portrait. More Junk Silver Coins. The decision to strike five-cent coins from silver wasn't made willy-nilly by someone in the back office. Updated November 22, Therefore, a date set would only consist of 16 coins. Billon x Bronze —, patterns struck in Use profiles to select personalised content. Silver Dollars. Buy Now. Few nickels had circulated in the western states before the s people there preferred silver and gold coins ; interest in the new Liberty Head design had led to increasing use of nickels there. Categories : introductions Five-cent coins of the United States Nickel. Only the silver five-cent coins produced from through bear this feature among the Jefferson nickels.

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Bush on April 23, The U. In , mint Director Robert Patterson in a letter explained to Jefferson by then president "nearly the whole of our Silver Bullion chiefly Spanish dollars come through the Banks, and it is very seldom that they will consent to take any coin less than half dollars. Shop more silver coins from United States. There is nothing worse than counting on your collection being worth a certain amount of money and then getting a rude awakening when you sell it, all because you consulted the wrong type of coin value guide when you made your appraisal. While some machines took cents or other denominations, the nickel was the coin of choice for these machines. In , the newly established Philadelphia Mint began striking cents and half cents. An interesting fact is that Felix Schlag, the designer, forgot to include his initials on the design. The bill passed without debate on May 16, Coins struck at any mint between and lack mint marks, which were omitted as the Mint replaced the silver circulating coins with copper-nickel.