The World War II silver nickel set, referring to the 90% silver War Nickels minted from 1942 to 1945, is a highly sought-after item among coin collectors. These nickels, distinct from their predecessors and successors due to their composition, offer a fascinating glimpse into a pivotal moment in American history. This guide explores the history, characteristics, and value of these unique coins, answering common questions collectors frequently ask.
What Makes World War II Silver Nickels Different?
The defining feature of the World War II silver nickel set is its composition. Unlike modern nickels, which are composed of nickel-clad copper, these were struck with a 90% silver, 10% copper alloy. This change was a direct response to World War II. The United States government, facing a critical shortage of nickel due to wartime demands, diverted the metal to essential military applications. The silver composition ensured that nickel production wasn't disrupted, allowing for a steady flow of coinage. This wartime measure resulted in a collectible rarity and explains the significantly higher value compared to modern nickels.
How Many World War II Silver Nickels Were Made?
The exact number of War Nickels minted annually varies slightly across the four years of production (1942-1945). While precise figures are available from the U.S. Mint records, a broad understanding is sufficient for most collectors. Millions of these nickels were produced, making them relatively common compared to some other rare coins, although high-grade examples remain valuable. The sheer volume produced, however, doesn't diminish their historical significance or collector appeal.
What Are the Key Features to Look For When Identifying a World War II Silver Nickel?
Authenticating a World War II silver nickel requires careful examination. Look for the following key features:
- Composition: The most important aspect is the silver content. While a simple magnet test can offer a preliminary indication (silver is non-magnetic), professional assaying confirms the metal's composition conclusively.
- Mint Mark: War Nickels were minted in Philadelphia (no mint mark), Denver (D), and San Francisco (S). The mint mark is a small letter located below the date.
- Date: The date (1942, 1943, 1944, or 1945) will be clearly visible below Monticello.
- Condition: The coin's condition significantly impacts its value. Factors such as wear, scratches, and toning affect grading and price. Professional grading by services like PCGS or NGC is often recommended for valuable coins.
Are World War II Silver Nickels Worth Anything?
The value of a World War II silver nickel is determined by several factors, most notably its condition and rarity (mint mark). While common circulated examples might only be worth slightly more than their face value due to the silver content, uncirculated or high-grade specimens can fetch significantly higher prices from collectors. Online marketplaces and auction results offer insights into current values, though professional appraisal is always recommended for accurate valuation.
How Can I Tell if My World War II Nickel is Silver?
As mentioned previously, a simple magnet test can provide a preliminary indication; however, this is not conclusive. A professional assay is the only definitive way to determine the silver content. Many coin dealers and numismatists offer this service. Keep in mind that even if your coin isn't a true War Nickel (some were mistakenly struck using the wrong alloy in small quantities), its historical significance may still have some collector interest.
Where Can I Buy World War II Silver Nickels?
World War II silver nickels can be purchased through various channels:
- Coin dealers: Local and online coin dealers are excellent resources for authenticating and purchasing these coins.
- Online auction sites: Sites like eBay offer a wide selection, but caution is advised. Be wary of counterfeit coins and carefully examine seller feedback.
- Coin shows: Attending coin shows offers the opportunity to examine coins in person and interact directly with dealers and collectors.
Remember that careful examination and authentication are crucial to avoid purchasing counterfeit coins. Consulting with experienced numismatists is recommended, especially when dealing with higher-value pieces. The historical significance and tangible connection to a pivotal period in American history make the World War II silver nickel set a captivating investment and addition to any coin collection.
