History US History A Brief History of the Nickel May 3, 2016May 2, 2016 0 Comments currency, money, us money The nickel wasn’t always worth five cents. In 1865, the U.S. nickel was a three-cent coin. Before that, “nickel cents” referred to alloy pennies. It turns out that even the name “nickel” is misleading. Today’s so-called nickels are 75 percent copper. Those aren’t the only surprises hidden in the history of the nickel. Smithsonian has much, much more. Related