Is a 1963 Nickel Silver and What Is Its Value?

A common question about older coins, such as the 1963 nickel, is whether they contain silver. Understanding a coin’s metallic composition clarifies its intrinsic value and potential worth.

The 1963 Nickel’s Composition

The 1963 Jefferson Nickel is not made of silver. Its composition consists of 75% copper and 25% nickel, a standard alloy for nickels that was in use before and after the World War II period.

Historical Context of US Silver Coinage

Many people associate older U.S. coins with silver because, for a significant period, silver was a common component in dimes, quarters, and half-dollars. These denominations, particularly those minted in 1964 and earlier, typically contained 90% silver.

A notable exception within the nickel series were the “war nickels,” produced from mid-1942 to 1945. These coins were composed of 35% silver, 56% copper, and 9% manganese, a change necessitated by the need to conserve nickel for military production during World War II. The 1963 nickel falls outside this specific wartime period, and it also precedes the general shift away from silver in other circulating U.S. coinage that occurred after 1964.

Factors Affecting a Nickel’s Value

Since a 1963 nickel does not derive its value from silver content, other factors determine its worth beyond face value. The coin’s condition, or grade, significantly impacts its numismatic value, with less wear generally leading to higher prices.

Coins are graded on a scale, with terms like “Uncirculated” indicating minimal wear and “Fine” showing more circulation. Mint marks, which identify the minting location (such as ‘D’ for Denver or no mark for Philadelphia), can also affect rarity and value.

Additionally, a coin’s rarity, often tied to its mintage figures, plays a role. Unique striking errors or die varieties can also make a coin particularly valuable to collectors.

Identifying Silver Coins

For those seeking to identify silver coins, several indicators can be helpful. The most reliable method for U.S. coins is checking the date, as dimes, quarters, and half-dollars minted in 1964 or earlier are generally 90% silver.

An examination of the coin’s edge can also provide clues. A solid silver edge suggests a precious metal content, while a visible copper stripe indicates a clad, non-silver composition.

Another technique involves the “ring test,” where a genuine silver coin, when gently tapped, produces a distinctive, sustained high-pitched ring, unlike the duller thud of base metal coins. While less precise, the weight and density of a coin can sometimes offer a subtle indication of its metallic content.