Q:

How many nickels are in a dollar?

A:

Quick Answer

There are exactly 20 nickels in a dollar. Each individual nickel is worth 5 cents, and there are 100 cents in a dollar. Since 20 multiplied by 5 is equal to 100, there are 20 nickels per dollar.

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Full Answer

The nickel is the second lowest denomination coin in the United States currency system, with the penny being the lowest at 1 cent. A nickel is primarily composed of copper, but is also made of about 25 percent of the element nickel. The first official nickel was created in 1866. However, there was a previous coin named the silver half dime that had been around since the late 18th century. Since a dime is equal to 10 cents, a nickel is essentially a half dime as well.

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Related Questions

  • Q:

    How do you collect valuable nickels?

    A:

    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.

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  • Q:

    Are buffalo nickels with no date worth anything?

    A:

    It isn't unusual to see a buffalo nickel with the date worn away, because the date was printed on a raised part of the coin's design. Since determining the age and rarity of the coin is impossible without the date, such coins are usually of little value to coin collectors.

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  • Q:

    How rare are Indian head nickels?

    A:

    Also known as a buffalo nickel because of the animal on the flip side, an Indian head nickel is very rare according to the website Rare Buffalo Nickel. However, most of these coins are not terribly valuable, despite the fact that there are not many in circulation.

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  • Q:

    What was the last year silver nickels were made?

    A:

    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.

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