In the United States, two dollars is equal to 100 nickels. One nickel is equal to 0.05 of a dollar, meaning that 2 dollars = 200 nickels.
The value of the nickel has remained at 5 cents since 1866, making it one of America’s oldest coins. The nickel was originally made from silver, but now consists of 75 percent copper and 25 percent nickel.
Nickels were first introduced into circulation in 1866 when they were made from a mixture of copper and nickel. In 1942, during World War II, all non-silver coins were melted down by the government to help support the war effort. While most coins returned to their original composition after the war ended, nickels remained as they were because they were so plentiful in supply. In 1946, however, Congress passed legislation requiring that nickels be made entirely of steel (which contains no nickel). This change caused a shortage in nickels until 1951 when enough new coins could be produced that they could meet demand again.
Last modified: October 8, 2022