Introduction
When it comes to currency, nickels are an important part of everyday transactions. But just how much is a nickel really worth? Let’s dive into the world of this small coin and explore its value.
Face Value
A nickel is worth 5 cents in the United States. It is composed of 75% copper and 25% nickel, and has a diameter of 21.21mm.
History
The nickel was first introduced in 1866 and has gone through several design changes over the years. The current design features a portrait of Thomas Jefferson on the obverse side and Monticello on the reverse side.
Buying Power
While a nickel may seem small in value, it can actually have significant buying power. For example, a nickel in 1900 would be equivalent to about $1.50 today due to inflation.
Collectible Value
Some nickels are worth more than their face value to collectors. For example, a 1913 Liberty Head nickel sold for $3.7 million in 2010.
Global Perspective
While the nickel is primarily used in the United States, it is also used in many other countries around the world. In Canada, for example, a nickel is worth 5 cents as well.
