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  Measuring the Metal Value of Coins – Base Metal, Gold, and Silver Coins

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We do our best to provide precise spot prices; however, during times of market volatility, prices may not be to-the-minute accurate.
1946-2014 Jefferson Nickel Melt Value

1946 - 2014 Jefferson Nickel Value (United States)

Obverse Image:Thomas Jefferson, 3rd President of the United States and author of the Declaration of Independence.
Reverse Image:1946-2004, 2006-2007: Monticello, Jefferson's mountaintop home in Virgina.
2005: Westward Journey Series including "American Bison" and "Ocean in view! O! The joy!".
Metal Composition:75% copper, 25% nickel
Total Weight:5.00 grams
Comments:The 1938 through 1942 D versions of the nickel are also made of the same composition, but generally are sold for a premium over their melt value due to rarity.

Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 $4.3461  =copper price / pound on Jun 24, 2024.
.75  =copper %
$7.7587  =nickel price / pound on Jun 24, 2024.
.25  =nickel %
5.00  =total weight in grams
.00220462262  =pound/gram conversion factor (see note directly below)

The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.

1. Calculate 75% copper value :

    (4.3461 × .00220462262 × 5.00 × .75)  =  $0.0359301

2. Calculate 25% nickel value :

    (7.7587 × .00220462262 × 5.00 × .25)  =  $0.0213808

3. Add the two together :

    $0.0359301 + $0.0213808 = $0.0573109

$0.0573109 is the melt value for the 1946-2014 nickel on June 24, 2024.

  ← Calculate the value of your own coins.

The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).

YearMintageNumismatic Value Range
19509,796,000$0.50 - $15.00
1950 D2,630,030$10.00 - $65.00

If you're interested in learning more about grading coins, Photograde is an excellent resource.

I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.

View all Jefferson Nickel auctions or see below:

Long-term metal price charts for the Jefferson nickel:

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