Between 1942 and 1945, the United States Mint produced a distinctive series of nickels known as the 1942-1945 Silver War Nickels. Collectors highly seek after these coins due to their unique composition and historical significance.
This article delves into the special details of these coins, including their composition, design, mintage figures, and current market value.
Composition and Design
During World War II, nickel – a metal crucial for military equipment—was in short supply. To conserve nickel, the U.S. Mint altered the composition of the five-cent coin. From October 8, 1942, through the end of 1945, these nickels were minted with:
- 56% Copper
- 35% Silver
- 9% Manganese
This alloy change resulted in a coin that weighed 5 grams and had a diameter of 21.2 millimeters. A notable design feature was the large mintmark placed above Monticello on the reverse side, indicating the coin’s wartime composition. This was the first instance of a mintmark being used on coins produced in Philadelphia.
Mintage Figures
The mintage numbers for the 1942-1945 Silver War Nickels varied by year and mintmark. Here’s a detailed breakdown:
| Year | Mintmark | Mintage |
|---|---|---|
| 1942 | P | 57,873,000 |
| 1942 | S | 32,900,000 |
| 1943 | P | 271,165,000 |
| 1943 | D | 15,294,000 |
| 1943 | S | 104,060,000 |
| 1944 | P | 119,150,000 |
| 1944 | D | 32,309,000 |
| 1944 | S | 21,640,000 |
| 1945 | P | 119,408,100 |
| 1945 | D | 37,158,000 |
| 1945 | S | 58,939,000 |
These figures highlight the substantial production of these coins during the war years.
Market Value
The value of the 1942-1945 Silver War Nickels is influenced by factors such as condition, rarity, and demand. As of January 14, 2025, the melt value of these coins is approximately $1.71, based on the current silver price.
However, numismatic value can be significantly higher, especially for coins in uncirculated or proof condition. For instance, a 1943-D nickel in uncirculated condition can command a premium price.
Identifying Key Variations
Collectors should be aware of certain variations that can affect a coin’s value:
- 1943/2 Overstrike: This rare overdate variety, resulting from a 1942 die being overstruck with a 1943 die, is highly sought after. Due to circulation losses and lack of verification until 1978, as much as 85% of the entire 1943/2 run may have been destroyed, making it extremely rare.
- Full Steps (FS) Designation: Coins with all steps on Monticello clearly visible are designated as Full Steps and are valued higher due to their sharp details.
Conclusion
The 1942-1945 Silver War Nickels are a fascinating segment of U.S. coinage, reflecting the nation’s resourcefulness during World War II. Their unique composition, historical context, and the presence of rare variations make them a valuable addition to any collection.
Collectors should pay close attention to the coin’s condition, mintmark, and distinctive features to assess its value accurately.
FAQs
Why were these nickels made with silver?
The U.S. Mint used silver instead of nickel due to wartime demands for nickel in the production of military equipment.
How can I identify a wartime silver nickel?
Look for a large mintmark above Monticello on the reverse side of the coin. This mintmark indicates the coin was minted during the war years with the silver composition.
What does Full Steps (FS) mean?
Full Steps refers to the distinct visibility of all steps on Monticello. Coins with Full Steps command a premium due to their sharp details.
