The Jefferson nickel was introduced in 1938. With the exception of a few oddities, most Jefferson nickels are not very valuable. Pre-1938 nickels, called Buffalo nickels or Indian Head nickels, and pre-1913 nickels, called Liberty Head nickels, are far more collectible.
As of 2014, the nickel coin features a portrait of Thomas Jefferson, third president of the United States. The reverse depicts Jefferson's Virginia home, Monticello. In 1938, the Jefferson nickel replaced the Indian head or Buffalo nickel design that had been in use since 1913.
The total number of nickels produced in a year can vary widely. The most current figures from 2013 list 1,223,040,000 nickels manufactured. Production normally fluctuates between around two billion at its peak and several hundred million at its lowest.
The last year that silver nickels were made was 1945. Silver alloy nickels began production in October 1942. These so-called "war nickels" were minted in an effort to reduce the Mint's use of nickel, which became critically necessary for other purposes during World War II.
The high value of gold is driven by three factors: its practical applications, the largely aesthetic desire people have for it and the perceived protection it grants investors as a hedge against currency fluctuations. According to Jerry Bowyer for Forbes magazine, the cash value of all the gold that
Nickel is a ferromagnetic element. Nickel, iron, cobalt and gadolinium are the only elements that are magnetic around room temperature. A ferromagnetic metal can be attracted to magnets and can be magnetized itself.
Three of the most valuable coins in the United States are the 1913 Liberty Head V Nickel, the 1893 S Morgan Silver Dollar and the 1901 Morgan Silver Dollar, according to CoinTrackers.com. Other extremely valuable coins are the 1889 CC Morgan Silver Dollar and the 1895 O Morgan Silver Dollar.
Money itself has very little or no actual value. The value of money is tied to the belief of those exchanging money that the money may be exchanged for goods or services.
Since the U.S. Mint dates all coins it produces, collectors consider a Buffalo Indian Head nickel with the date rubbed off as a low-grade coin likely worth about 50 cents. The intrinsic value of the metal in the coins is around 5 cents, as of 2014.
Nickel is a solid metal element at room temperature and has a density of 8.912 grams per cubic centimeter. It is also a hard metal and has good corrosion resistance, which is why it is alloyed with other metals to improve toughness and increase their ability to resist corrosion.