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The 1945-S is a wartime silver nickel, struck in a special 35% silver alloy (about 0.056 troy oz of silver per coin) to save nickel for World War II. That gives it a silver melt value of roughly $3 at a recent spot price near $59/oz — well above face — and brilliant uncirculated examples carry a modest collector premium on top.
How to spot a war nickel: look for the large mint mark (P, D, or S) above the dome of Monticello on the reverse. That oversized mark appears only on the 1942–1945 silver issues.
Browse our silver war nickel collection or our full U.S. coin catalog.
Silver content and melt: Coinflation; melt tracks the live silver price.
