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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. [115]
Jefferson nickels have been minted since 1938 at the Philadelphia and Denver mints and from the San Francisco mint until 1970. Key dates for the series include the 1939-D, and 1950-D nickels. The 1939-D nickel with a mintage of 3,514,000 coins is the second lowest behind the 1950-D nickel.
Precious metals in the form of coins whose market value is determined by metallic content rather than scarcity. bullion value The current market value of the raw precious metal content of a coin. For example, the bullion value for Canadian silver coins minted between 1920 and 1966 is 12 times the face value when silver is $20.00 per troy ounce.
The US nickel coin contains 0.04 ounces (1.1 g) of nickel, which at the April 2007 price was worth 6.5 cents, along with 3.75 grams of copper worth about 3 cents, with a total metal value of more than 9 cents. Since the face value of a nickel is 5 cents, this made it an attractive target for melting by people wanting to sell the metals at a profit.
The Jefferson nickel has been the five-cent coin struck by the United States Mint since 1938, when it replaced the Buffalo nickel.From 1938 until 2004, the copper-nickel coin's obverse featured a profile depiction of Founding Father and third U.S. President Thomas Jefferson by artist Felix Schlag; the obverse design used in 2005 was also in profile, though by Joe Fitzgerald.
Lowell reverse, 2019 (Nickel-clad copper unless otherwise noted) Year Mint Mintage [1] [2] [4] Comments 2019 P 165,800,000 D 182,200,000 W 2,000,000 First time the "W" mint mark was used on a circulating coin. S 924,503 Uncirculated 784,138 Proof 541,220 Silver proof (First time the annual set is struck in 99.9% silver) (P) TBA Silver bullion P
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Used unknowingly in alloys since antiquity. The first pure nickel coin was the Swiss 20 Rappen of 1881. A book published by the International Nickel Company of Canada in 1933 lists dozens of coins minted out of nickel. Phosphorus: Used in stainless steel alloy Acmonital for the Italian lira coins. [11] Silicon
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