Nickel (United States coin)
| Edge | smooth |
| Composition | 25% nickel 75% copper "War Nickels" (mid-1942 to 1945): 56% copper 35% silver 9% manganese |
| Silver | 1942 to 1945 Wartime Nickels only (with large mint mark on reverse) 0.05626 troy oz |
| Years of minting | 1866 – present (except 1922, 1932, and 1933) |
| Obverse |
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Here are the top 10 most valuable nickels:
- 1913 Liberty Nickel - The Olsen Specimen: $3,737,500.
- 1918/7-D Buffalo Nickel - Doubled Die Obverse: $350,750.
- 1926-S Buffalo Nickel: $322,000.
- 1916 Buffalo Nickel - Doubled Die Obverse: $281,750.
- 1913-D Buffalo Nickel - Type 2: $143,750.
- 1917-S Buffalo Nickel: $138,000.
Jefferson Nickels made between 1942 in 1945, are also called War Nickels and consisted of 35% silver. This means they are worth more than face value and most of them have been removed from circulation. An easy way to identify these more valuable coins is to look on the reverse.
Putting it all together, the scrap value of the zinc is $0.0027, and the scrap value of the copper is $0.000371. The total scrap value, if you were to separate the two metals first, would be $0.003071. Now, if you wanted to make a penny in scrap value, you would need 3.26 pennies to melt down!
That's because the U.S. nickel, melted down, is now worth more than seven cents, thanks to soaring metals prices.
Because of the rising price of nickel and copper that began in 2005, the United States passed a law that made it illegal to melt pennies and nickels for their metal content. Additionally, it is illegal to carry more than five dollars worth of pennies and nickels outside of the United States when traveling.
It wasn't until 1883, after intense lobbying efforts by industrialist Joseph Wharton, that the nickel alloy caught on, replacing the half dime and becoming widely circulated as the “nickel,” named after the metal by which it was made.
President Thomas Jefferson
A penny is not what you think. Indeed, from 1793 to 1837, a cent was pure copper. But newer pennies are made mostly of zinc. The cent was again bronze (95 percent copper, and five percent tin and zinc) from 1864 to 1962, except: In 1943, the coin's composition was changed to zinc-coated steel.
Dime (United States coin)
| Mass | 2.268 g (0.0729 troy oz) |
| Diameter | 17.91 mm (0.705 in) |
| Thickness | 1.35 mm (0.053 in) |
| Edge | 118 reeds |
| Obverse |
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The coin is 0.75 inches (19.05 mm) in diameter and 0.0598 inches (1.52 mm) in thickness.
So gold, silver, copper, and zinc are not magnetic, and nickel is magnetic only if the alloy level is high. The US only made one steel coin variety, the 1943 cent, and that's the only circulating US coin that a magnet will attract.
The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc).
Quarters are made out of an alloy (a mixture of metals) of 91.67 percent copper and 8.33 percent nickel (before 1965, the quarter was made out of silver). The quarter has a edge with 119 ridges. This coin is 24.26 mm in diameter and is 1.75 mm thick.
The dime was established by the Coinage Act in 1792, but in the act it was called a “disme.” Disme (pronounced dime) was an old word, from French, for tenth, which came from the Latin decima. The more common spelling even at that time was “dime” and that was what people used as soon as it was minted.
The cost to produce the one-cent coin increased to 1.5 cents during 2016, the Wall Street Journal reported. In 2015, the penny cost 1.43 cents to make, while in 2014, its production value was 1.66 cents.
First DO NOT clean valuable coins. Most collectors rarely clean a coin as it can greatly reduce its value. It is best not to clean patina off rare coins as the value can be reduced. 99% of coins do not increase in value after you clean them but if you have some old coins you wish to clean, try these steps.
Here are the top 10 most valuable nickels:
- 1916 Buffalo Nickel - Doubled Die Obverse: $281,750.
- 1913-D Buffalo Nickel - Type 2: $143,750.
- 1917-S Buffalo Nickel: $138,000.
- 1920-D Buffalo Nickel: $138,000.
- 1867 Shield Nickel - Proof with Rays: $132,250.
- 1918-S Buffalo Nickel: $125,350.
- 1927-S Buffalo Nickel: $125,350.
CoinTrackers.com has estimated the 1964 Jefferson Nickel value at an average of 5 cents, one in certified mint state (MS+) could be worth $43.
Pennies are made of zinc coated with copper. Only nickels are one solid material—that same 75% copper/25% nickel alloy.
The US dime was also changed from 90 percent silver in 1964 to nickel and copper. So, older dimes are worth more than 10 cents. The US nickel is currently made of copper and nickel. The only recent ones of value are the War Nickels (from 1942-1945).
1963 Jefferson Nickel. CoinTrackers.com has estimated the 1963 Jefferson Nickel value at an average of 5 cents, one in certified mint state (MS+) could be worth $32.
CoinTrackers.com has estimated the 1960 Jefferson Nickel value at an average of 5 cents, one in certified mint state (MS+) could be worth $39.
1942 Jefferson Nickel. CoinTrackers.com has estimated the 1942 Jefferson Nickel value at an average of 45 cents, one in certified mint state (MS+) could be worth $75.
These are the 3 types of nickels you should be saving: Liberty Head nickels – they're worth $2 and up. Buffalo nickels – prices for these vary; dateless Buffalo nickels are worth 20 cents or more each, and those with dates are worth $1 and up.
You want to focus on hoarding pre-1982 U.S. pennies, which contain 95% copper content, making the coin at least twice as valuable as its 1 cent face value. (Post-1982 pennies are not worth collecting, as they contain only 2.5% copper content -- the rest is zinc.)
How Much Is a Pound of Pennies Worth? A pound of pennies produced from the design launched in 1982 is worth $1.81, containing 181 pennies at 2.5 grams each. Pennies minted from 1962 to 1982 contain less copper in the plating. Based on a weight of 3.11 grams each, a pound of those pennies is worth about $1.45.
Check out these eight coins that are worth a lot more than their intended value.
- 2004 Wisconsin state quarter with extra leaf.
- 2. 1995 double die penny.
- 1942-1945 silver nickel.
- 1943 steel penny.
- Ben Franklin half-dollar.
- 1932-1964 silver quarter.
- 'In God We Rust' 2005 Kansas state quarter.
Nickel. Worth 5 cents. It is made of a nickel and copper blend.
Check out these eight coins that are worth a lot more than their intended value.
- 2004 Wisconsin state quarter with extra leaf.
- 2. 1995 double die penny.
- 1942-1945 silver nickel.
- 1943 steel penny.
- Ben Franklin half-dollar.
- 1932-1964 silver quarter.
- 'In God We Rust' 2005 Kansas state quarter.
