Silver War Nickels
Silver “War” nickels were produced by the United States from mid-1942 through 1945. The coins were manufactured from 56% copper, 35% silver and 9% manganese. This allowed the saved nickel metal to be shifted to industrial production of military supplies during World War II. Each war nickel contains 0.0563 troy ounces of silver.
Silver nickels are distinguished by a slightly different coloration than ordinary nickels and by the appearance of a large mintmark above Monticello’s dome on the reverse side of the coin. The marks are “S” for the San Francisco mint, “D” for the Denver mint and “P’ to indicate production at the Philadelphia mint, being the first coin to feature the Philadelphia initial, as no mint mark was the usual designation for Philadelphia mintage before 1979.
The start of World War II prompted the rationing of many commodities, certain metals among them. Nickel was highly valued for use in armor plating, and Congress ordered the removal of this metal from the five-cent piece, effective October 8, 1942. From that date, and lasting through the end of 1945, five-cent pieces bore the regular design but were minted from an alloy of copper, silver and manganese. It was anticipated that these emergency coins would be withdrawn from circulation after the war, so a prominent distinguishing feature was added. Coins from all three mints bore very large mintmarks above the dome of Monticello, and the letter ‘P’ was used as a mintmark for the first time on a U. S. coin. Bank tellers could easily spot the large mint marks and set them aside. These “war nickels” proved quite satisfactory in circulation, and they were not immediately withdrawn. Instead, they remained a familiar sight until the mid-1960s, when rising silver prices caused them to be hoarded for their bullion value.
Source: http://finerarecoins.blogspot.com/2013/08/silver-war-nickels.html
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