How much silver is in a nickel?

Nickels contain no silver, except the wartime silver alloy nickels struck 1942–1945: those are 35% silver and contain 0.0563 troy oz of silver — about $3.31 at today's silver price.

Spot price as of July 21, 2026

Nickels by era

Nickels composition, ASW and melt value by era
YearsCompositionWeightFinenessASWMelt valueSeries
1866–1942
Copper-nickel five cents
75% Copper, 25% Nickel (no silver)5.00 g0%Contains no silverNo melt valueShield Nickel, Liberty Head Nickel, Buffalo Nickel, Jefferson Nickel
1942–1945
Wartime silver alloy
35% Silver, 56% Copper, 9% Manganese5.00 g35%0.0563 oz$3.31Jefferson Nickel
1946–present
Copper-nickel five cents
75% Copper, 25% Nickel (no silver)5.00 g0%Contains no silverNo melt valueJefferson Nickel
  • Shield, Liberty Head, Buffalo and pre-war Jefferson nickels contain no silver.
  • “War nickels” carry a large mint mark above Monticello on the reverse.
  • Jefferson nickels dated 1946 or later contain no silver.

View melt values for every U.S. silver and gold series →