Nickels minted in the United States between 1942 and 1945 are made of 35% silver. These are commonly known as 'silver war nickels.'
Normally all other nickels are composed of 75% copper and 25% nickel. Due to the pressing need for industrial metals like nickel during World War II, five-cent coins were actually made from 35% pure silver during the duration of the war. The rest of the alloy was made up of copper (56%) and manganese (9%).
Interestingly, using this alloy meant that vending machines and coin-operated devices would still recognize and accept the silver nickels.
Within the war nickel series collectors recognize two additions, one official, the other counterfeit. Some 1943-P nickels are overdated. Here a die for the previous year was reused, allowing a '2' to be visible under the '3'. In addition, a number of 1944 nickels are known without the large 'P' mintmark. 35% Silver War Nickels have gained in popularity among silver investors in recent years, given the low premium over their melt value at which they are usually offered. These coins are attractive to a much broader consumer base than merely coin collectors thanks to their pure silver content, an aberration in the long-standing jefferson nickel series (1938-present). In fact, war nickels mark the.
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At first glance, these silver nickels are difficult to distinguish from their copper-nickel counterparts. They look like any other old nickel to most of us. You'll see the same portrait of Thomas Jefferson on the obverse. Even the color is virtually identical.
Pile of war nickels
There are a few key visual differences you can keep an eye out for, however.
The easiest way to check for a silver war nickel is the year-date on the coin. All nickels produced from 1942 to 1945 use the 35% silver composition.
On the reverse (tails) side of the coin, you'll still find the familiar building known as Monticello, Jefferson's famous estate that he supposedly designed himself.
However, only the silver war nickels will place the mintmark on this side of the coin. The letter will either be a P, D, or an S prominently placed above Monticello
Silver war nickels aren’t the only valuable coins you might find in your spare change. There are, in fact, several other silver coins you could potentially come across—and they’re actually 90% pure silver.
Chief among these are silver dimes. They generally come in three different varieties:
Because of their relatively small size, quite a few of these dimes have survived in circulation. Less often you can still find 90% silver quarters, as well.
Coin dealers usually sell bank rolls or large bags of this “junk silver” grouped together by face value. Common increments are $100 or $1,000 face value.
This works because the amount of fine silver (by weight) in each coin denomination was roughly proportional to their face value.
In other words,
Even in the United States, you may occasionally come across foreign silver coins in circulation. The most common are 80% silver coins from Canada.
Canadian 80% silver coins (quarters, half dollars, and dollars) were minted between 1920 and 1967. Prior to 1920, the 92.5% pure (.925 fine) sterling silver standard for British coins was used.
Some commemorative coins and proof sets issued by the U.S. Mint are still composed of 90% silver today in limited quantities.
The key thing to know:All U.S. dimes, quarters, and half dollars minted in 1964 or earlier are composed of 90% silver. Keep this fact in mind any time you decide to buy silver.
There are very specific dates for the Kennedy half dollar and Eisenhower dollar that are also made of 40% silver. Check the infographic below for more details!
With the entry of the United States into World War II, nickel became a critical war material, and the Mint sought to reduce its use of the metal. On March 27, 1942, Congress authorized a nickel made of 50% copper and 50% silver, but gave the Mint the authority to vary the proportions, or add other metals, in the public interest. The Mint's greatest concern was in finding an alloy which would use no nickel, but still satisfy counterfeit detectors in vending machines. An alloy of 56% copper, 35% silver and 9% manganese proved suitable, and this alloy began to be coined into nickels from October 1942. In the hopes of making them easy to sort out and withdraw after the war, the Mint struck all 'war nickels' with a large mint mark appearing above Monticello.
The mint mark P for Philadelphia was the first time that mint's mark had appeared on a US coin. The prewar composition and smaller mint mark (or no mint mark for Philadelphia) were resumed in 1946. In a 2000 article in The Numismatist, Mark A. Benvenuto suggested that the amount of nickel saved by the switch was not significant to the war effort, but that the war nickel served as a ubiquitous reminder of the sacrifices that needed to be made for victory.
Within the war nickel series collectors recognize two additions, one official, the other counterfeit. Some 1943-P nickels are overdated. Here a die for the previous year was reused, allowing a '2' to be visible under the '3'. In addition, a number of 1944 nickels are known without the large 'P' mintmark. These were produced in 1954 by Francis LeRoy Henning, who also made counterfeit nickels with at least four other dates.
Content:56% Copper 35% Silver 9% ManganeseWeight:5 gramsDiameter:21.2 millimeters | Edge:PlainDesigner:Felix Schlag |
Year/ Mint Mark | Circulation Strikes | Proof Strikes |
---|---|---|
1942-P | 57,873,000 | 27,600 |
1942-S | 32,900,000 | 0 |
1943-P | 271,165,000 | 0 |
1943-D | 15,294,000 | 0 |
1943-S | 104,060,000 | 0 |
1944-P | 119,150,000 | 0 |
1944-D | 32,309,000 | 0 |
1944-S | 21,640,000 | 0 |
1945-P | 119,408,100 | 0 |
1945-D | 37,158,000 | 0 |
1945-S | 58,939,000 | 0 |