Silver · US 35%

War Nickel Silver Value (1942–1945)

Nickels minted from late 1942 through 1945 contain 35% silver, giving 0.05626 troy ounces of pure silver each — the only US nickels with any silver at all.

Live melt value — per coin
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spot … ·
QuantityMelt value
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Live spot via gold-api.com. Melt value = spot × 0.05626 troy oz of fine metal.

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To save nickel for the war effort, the US Mint switched the five-cent piece to a silver alloy in late 1942. These 'war nickels' are 35% silver, 56% copper and 9% manganese, and weigh 5 grams — 0.05626 troy ounces of pure silver each.

They are the only nickels the US ever struck with silver. Although the silver content is modest, it is still worth several times the coin's 5-cent face value.

Specifications

SeriesJefferson 'War Nickel'
Years1942 (mid-year)–1945
Composition35% silver · 56% copper · 9% manganese
Gross weight5.0 g
Pure silver0.05626 troy oz
Distinguishing markLarge mint mark above Monticello

How the melt value is calculated

Melt value is the value of the metal in the coin, ignoring any collector premium:

melt = spot price per troy oz × weight in troy oz × purity

Where the fine-metal content is known, this simplifies to spot × 0.05626 oz. The live figure at the top of this page applies that formula to the current spot price.

Illustrative melt values (per coin) at example spot prices — shown for reference only; the live figure above uses the real market price:

Example spotMelt value
$25.00$1.41
$35.00$1.97
$50.00$2.81

What affects what you actually get

Frequently asked questions

Which nickels contain silver?

Only Jefferson nickels minted from mid-1942 through 1945 contain silver. They are 35% silver and carry a large mint mark above Monticello on the reverse.

How much silver is in a war nickel?

A war nickel contains 0.05626 troy ounces of pure silver. It weighs 5 g and is 35% silver by weight.

How do I know if a nickel is silver?

Check for a large mint mark ('P', 'D' or 'S') positioned above the dome of Monticello. Nickels without that mark have no silver.

Are war nickels worth more than 5 cents?

Yes. Their silver melt value (spot × 0.05626) is several times the 5-cent face value, though it is smaller than a silver dime's.

Companion to the free calculator

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This page values one coin. The Silver Stacking Spreadsheet keeps the whole record — every coin, what you paid, and your running profit or loss, auto-calculated from the spot price you enter.

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