Jefferson War Nickel (35% silver) Melt Value

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Jefferson War Nickel (35% silver)
Photo: Bobby131313, CC BY-SA 3.0, via Wikimedia Commons

Melt value of one Jefferson War Nickel (35% silver)

$3.05

Face value $0.05Melt ÷ face 60.93× Pure silver 0.05626 ozSilver spot $53.44

A Jefferson War Nickel (35% silver) (1942–1945) weighs 5 grams and is made of 56% copper, 35% silver, 9% manganese. That works out to 0.05626 troy ounces of pure silver, so at today’s spot price the metal in one coin is worth about $3.05.

Look for a large P, D or S mint mark above Monticello’s dome. War nickels are exempt from the federal ban on melting 5-cent coins.

Jefferson War Nickel (35% silver) specifications

Years1942–1945
Face value$0.05
Weight5 g (0.1608 troy oz)
Composition56% copper, 35% silver, 9% manganese
Diameter21.21 mm
Copper content2.800 g · worth $0.0396
Silver content1.750 g (0.05626 troy oz) · worth $3.01

How much are Jefferson War Nickel (35% silver) coins worth in bulk?

QuantityFace valueMelt value
1$0.05$3.05
5$0.25$15.23
10$0.50$30.46
40 (1 roll)$2.00$121.85
100$5.00$304.63
1,000$50.00$3,046.34

How the Jefferson War Nickel (35% silver) melt value has changed

DateMelt value thenChange to today
1 month ago (Oct 9, 2026)$3.45▼ -11.75%
1 year ago (Nov 9, 2025)$2.73▲ +11.52%
5 years ago (Nov 9, 2021)$1.40▲ +118.06%
10 years ago (Nov 9, 2016)$0.8619▲ +253.43%

Based on stored daily closing prices and monthly averages for copper, nickel and zinc.

Melt value vs. what your Jefferson War Nickel (35% silver) is worth

Melt value is the floor: the value of the metal alone. Dealers who buy coins for their metal usually pay a little below melt. Coins with a rare date, mint mark or error, or in uncirculated condition, can sell for far more than melt to collectors – check a current price guide or have the coin graded before selling anything that looks scarce.

Have several coins? Use the coin melt value calculator or the junk silver calculator.

Other nickels

CoinYearsMetal contentMelt value× face
Shield Nickel1866–18835 g · 75% copper $0.07341.5×
Liberty Head “V” Nickel1883–19125 g · 75% copper $0.07341.5×
Buffalo Nickel1913–19385 g · 75% copper $0.07341.5×
Jefferson Nickel1938–present (except 1942–1945 silver issues)5 g · 75% copper $0.07341.5×

Melt value = metal content × today’s spot price. It is not what a dealer pays (usually less) or a collector’s price (often more).

Frequently asked questions

How much is a Jefferson War Nickel (35% silver) worth in melt value today?
At today’s metal prices (November 9, 2026) one Jefferson War Nickel (35% silver) contains about $3.05 worth of metal. This is the melt (scrap) value – rare dates and coins in top condition can sell for much more to collectors.
How much silver is in a Jefferson War Nickel (35% silver)?
A Jefferson War Nickel (35% silver) weighs 5 grams and contains 0.05626 troy ounces (1.750 grams) of pure silver.
Is a Jefferson War Nickel (35% silver) worth more than its face value?
Right now the metal in a Jefferson War Nickel (35% silver) is worth 60.9× its face value of $0.05.

Related guides

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Melt values are estimates based on spot prices and official coin specifications. Dealers usually pay less than melt; rare coins can be worth far more to collectors.