Originally Posted by gunsil
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LOS3R is correct here, all the silver alloy (they are not silver, only 40% silver) nickels have the large mint mark over Monticello. Calling these coins silver is only a term used since the internet and by folks who are desperate to find a silver coin. Back in the day we just called them war nickels since they have less than half the silver percentage in their alloy as true American silver coins.
I'm hardly "desperate" to find a silver coin, having dug a handful of silver Washington quarters prior to finding my first war nickel, and I consider war nickels to be silver coin finds. A bunch of my silver coins this year are war nickels.
Sure, it's a lower percentage of silver, but 35% of 5 grams is not exactly a trace amount as far as coins go.
A war nickel, based on current prices, has about 96 cents of silver (.056 ounces) and a silver dime has about $1.22 in silver (.072 ounces).
By your definition, a 40% silver 65-70 Kennedy isn't a "true American silver coin". Yet, at $5.36 (.316 ounces) worth of silver, that's four times as much as a dime.
https://www.ngccoin.com/price-guide/...lt-values.aspx