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Nickel is a chemical element; ... As of September 19, 2013, the melt value of a US nickel (copper and nickel included) is $0.045 (90% of the face value). [72]
A nickel's melt value fell below its face value from late 2008 through mid-2010, and more recently again from late mid-2012. [114] In February 2014, it was reported that the Mint was conducting experiments to use copper-plated zinc (the same composition used for the United States 1 cent coin) for the nickel.
The current face value of a nickel is also well below that which the last remaining lowest-denomination coin (the penny) held at the time of the half-cent's elimination in 1857. [1] A penny in 1977 was worth the same amount as a nickel in 2023. [31] A nickel in 1977 was worth a quarter in 2023. [32]
Before the U.S. Mint began striking nickels in 1866, it produced five-cent coins in silver known as half dimes from 1792 to 1873. Now, some of those nickels are worth big bucks , even reaching ...
The nickel has a long history in U.S. money, though it wasn't the country's first 5-cent coin. That honor goes to a "half-dime" that first appeared in 1794. Early 5-cent pieces weren't made of ...
A penny, on its face, is worth one cent. $0.01 U.S. dollars. On the other hand, that same penny -- if melted down for the copper it contains -- could be worth quite a bit more.