
That's a great question, and it's one that many people wonder about when they find an older nickel!
Based on the information, a 1940 nickel does not contain any silver. The composition for a nickel from that year is the standard 75% copper and 25% nickel alloy, which was used for most of the coin's history.
The confusion often comes from the famous "war nickels." During World War II, nickel became a critical material for the war effort, so the U.S. Mint had to change the coin's composition. From 1942 to 1945, nickels were made with an alloy of 56% copper, 35% silver, and 9% manganese.
So, while your 1940 nickel is a fantastic piece of history from that era, it was minted just before the switch to the silver composition. The nickels containing silver are specifically those from 1942-1945, which can be identified by a large mint mark (P, D, or S) located above the dome of Monticello on the back of the coin.


