The name "3-cent nickel" is confusing to modern society — this is not a nickel but a 3-cent coin, minted to provide an intermediate denomination between a penny and 5 cents. When postal rates ...

including 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents, with 11 cents of production costs and 2.8 cents of ...

The nickel has a long history in U.S. money, though it wasn’t the country’s first 5-cent coin. That honor goes to ... Their estimated value today is more than $3 million.