What was the last year for silver nickels?

A silver nickel from 1943.

When Were Nickels Made From Silver?

The composition of U.S. Nickels has changed twice over the last 157 years. They were minted with 35% silver content throughout World War II. The last year for silver nickels was 1945.

What Were the Two Changes to the Nickel’s Composition?

From the first Shield Nickels through the Liberty Head and Buffalo Nickels, Nickels were all made of .750 copper and .250 nickel.  

When the United States entered World War II, nickel became critical to the war effort. Nickel was used in plate armor, anti-aircraft guns, and ordnance.

It was even used to construct lightweight, portable bridges that enabled the invasion of Germany. The U.S. needed to conserve its nickel and reduce the amount used in the five-cent coin. The solution was to substitute silver for nickel.

It may seem strange for silver to be considered less useful than nickel, but when raw materials were already stretched thin, Congress authorized a compositional change to the Nickel.

The approved change on March 27, 1942, was to mint Nickels with .500 copper and .500 silver. The Mint was authorized to vary these or add other metals in the public interest. The Jefferson nickel’s composition changed to .560 copper, .350 silver, and .009 manganese. 

In 1945, after the conclusion of WWII, the Nickel returned to a .750 copper and .250 nickel composition. Wartime nickels remain popular today. 

Collecting Nickels from the U.S. Mint

Nickels from the U.S. Mint present a great entry point into the numismatic world. The five cent nickel has undergone numerous design changes and it a classic coin to collect. For novice collectors interested in starting their journey with nickels, we recommend starting with non-silver coins, such as the 1964-D Jefferson nickels, which offer exceptionally low prices due to their high mintages and lack of precious metal content.

Historical Nickels

Historical nickels are a tangible reminder of the past. Their designs reflect a snapshot of the American mindset, steeped in the annals of time. Wartime Jefferson nickels are an excellent historic nickel to collect. Their short issuance, historical relevance and and uncommon composition make them a great addition to any collection. Another historical nickel that is popular with collectors is the 1913-1938 Buffalo Nickel. The Buffalo nickel was issued before the Jefferson nickel and numismatists admire the unique die varieties and connection to the American West.

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

Explore More On APMEX

Silver

Platinum

Rare Coins