what is a nickel worth in scrap

[ArthurLee]

Hello there! That's a great question, and it's interesting to see how the value of the metal in a coin can change.

Based on recent data from May 20, 2024, the scrap or melt value of a single U.S. nickel is approximately $0.0652. This means the metal content is actually worth a bit more than its face value of five cents.

This value is determined by the coin's composition and weight. A nickel weighs 5 grams and is made of 75% copper and 25% nickel. The scrap value fluctuates based on the daily market prices for these metals. For example, the market price for nickel solids is currently around $7.13 per pound. While the scrap value is higher than its face value, it's important to remember that it is illegal to melt down U.S. coins for their metal content.