How many nickels in 2 dollars

Introduction

When you see a rolling coin in front of you, it should revive your old memories of playing with a coin. At least once in our life, we have played with coins. But in America, the highest amount of value of a coin currency is 1$. And the least can go till a cent. Yet if you know about nickels and want to know how many nickels in 2 dollars, then keep reading.

Dollar to Nickel

American currency has 5 different levels of bills. From highest to lowest, it goes Dollar, Half-dollar, Dime, Nickel, Cent. Cent also equals Penny. The dollar is 100 times higher than the cent, and the Nickel is five times higher than the cent. So mathematically, 2 dollar bills equal 40 nickels. 

Value of Nickel in Currency

Nickels was introduced in 1866 to American Currency. The first nickel design is known as Sheild Nickel. And, the exciting part is it was not 5 cent at first. You would have got 3 cents for 1 nickel before 1865. Nickels were used as 3 cents coins and are was named copper. 

How Nickel Got its Name

If you look into coin history, most of them were made of gold and silver. When people used the money to buy products, it was valued as a cent, but civilians started melting coins and made jewelry with more value. Not just Dollar people even began to melt cents.

Then the banks fall into a shortage of gold and silver. And to overcome that problem, authorities started a new type of coin mixing Nickels and Coppers. But the Coppers were already in use. So, it got the name Nickel.

Amount of Nickel Metal in a Coin

Though the name of the coin is nickel, if you look into the percentage, there is only 25% percent. American nickels are 75% percent Copper.

Variety in Design

The American nickel changed its name and design over time. It took a different shape according to the time and government. And the value only changed from 3 cents to 5 cents. After that, till now it’s 5 cents.

Name According to Changes

• Sheild Nickel (1866 – 1883)
• “V” Nickel / Liberty Nickel (1883 – 1912)
• Buffalo or Indian Head (1913 -1938)
• Jefferson Nickel (1938 – present)

How much it cost the government for making a nickel

The most country makes the coin in less amount than the actual value of the currency. Even in 2019, both 1$ and 2$ note cost 6.62 cents. Yet the nickels cost almost 8 cents to make because of the high price of Nickel and Copper. Still, the value of a nickel is 5 cents only.

Conclusion

Again, in the end, to answer how many nickels in 2 dollars, you can get 40 nickels. And as you already know that 1 nickel is valued at 5 cents but costs 8 cents. That doesn’t mean you can melt the coins to retrieve copper and nickels from them. The government has stated a strict law against melting coins, and it is illegal since 2006.

John C. Crawford

I am John C. Crawford. I am the founder of EnjoyWiki.com. I am a professional freelancer, blogger and content writer. I have several blogs and EnjoyWiki.com is one of them. I always love to share my experience on my blogs.