What is Nickel? Meaning, Definition, Examples, Conversion Method (2024)

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  • What Is a Nickel?
  • Conversion of Nickels into Dimes
  • Conversion of Nickels into Quarters
  • Solved Examples
  • Practice Problems
  • Frequently Asked Questions

The Concept of Nickel Money

If your parents gave you a couple of coins for your weekly allowance, do you know the value of each coin? How will you calculate the total sum or buy things with it? How will you know how much money the cashier owes you when you buy something?

We will learn about one such coin, the nickel, in this article. We will also learn how to convert it into other coin values.

What is Nickel? Meaning, Definition, Examples, Conversion Method (1)Begin here

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What Is a Nickel?

A nickel is a coin of the United States.

How much money is a nickel worth?

A nickel is equal to five cents.

How does a Nickel money look like?

Here’s what a nickel looks like:

What is Nickel? Meaning, Definition, Examples, Conversion Method (12)

You will find a picture of President Thomas Jefferson on the nickel.

Now let’s find out what is a nickel converted into other coin values.

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Conversion of Nickels into Dollars

What is a nickel converted into dollars?

As 100 cents form a dollar, and 1 nickel equals five cents, we can say that 20 nickels make up a dollar.

Thus, the formula for converting nickels into dollars is

20 nickels = $1

or 1 nickel = $0.05

Here is a picture of the dollar coin:

What is Nickel? Meaning, Definition, Examples, Conversion Method (21)

Conversion of Nickels into Dimes

What is a nickel converted into dimes?

As 10 cents form a dime, and 1 nickel equals 5 cents, we can say that 2 nickels make up a dime.

Thus, you can convert nickels and dimes using the formula:

2 nickels = 1 dime

or 1 nickel = 0.5 dimes.

Here is a picture of a dime coin:

What is Nickel? Meaning, Definition, Examples, Conversion Method (22)

Conversion of Nickels into Quarters

What is a nickel converted into quarters?

As 25 cents make one quarter, and 1 nickel equals 5 cents, we can say that 5 nickels make up one quarter.

5 nickels = 1 quarter

or 1 nickel = 0.2 quarters.

Here is a picture of a quarter coin:

What is Nickel? Meaning, Definition, Examples, Conversion Method (23)

Solved Examples

Example 1. Albert has 4 nickels in his pocket. How many candies can he buy worth 10 cents each?

Solution: We know that the value of 1 nickel is equal to 5 cents.

or 1 nickel = 5¢

The total number of cents with Albert = 4 nickels = 4 x 5 = 20¢

The cost of 1 candy = 10¢

The number of candies Albert can buy = Total money in cents ÷ Cost of each candy

= 20¢ ÷ 10¢

= 2

Thus, Albert can buy 2 candies with 4 nickels.

Example 2. Jane has a piggy bank in which she has collected 160 nickels. How many dollars can she exchange the nickels for?

Solution: We know that 1 dollar = 20 nickels

Total number of nickels with Jane = 160

Number of dollars = 160 ÷ 20 = 8 dollars

Example 3. Anne received 10 dollars on her birthday from her grandmother. How many nickels can she convert them into?

We know that 1 dollar = 20 nickles

Total number of dollars with Anne = 10

Number of nickels = 10 x 20 = 200 nickels

Practice Problems

1

Joe has 10 nickels in his pocket. How many candies can he buy worth 5 pennies each?

5

10

20

15

CorrectIncorrect

Correct answer is: 10
We know that the value of 1 nickel is equal to 5 cents.
or 1 nickel = 5¢
The total number of cents with Albert = 10 nickels = 10 x 5 = 50¢
The cost of 1 candy = 5¢
The number of candies Albert can buy =
Total money in cents ÷ Cost of each candy
= 50¢÷5¢
= 10
Thus, Albert can buy 10 candies with 10 nickels.

2

Shaye has 60 coins in nickels. How many dollars does she have?

5 dollars

4 dollars

3 dollars

6 dollars

CorrectIncorrect

Correct answer is: 3 dollars
We know that 1 dollar = 20 nickels
or 20 nickels make up for 1 dollar.
Total number of nickels = 60
Total number of dollars = 60 ÷ 20 = 3 dollars

3

Amy has some nickels in her purse totaling is $2.5. How many nickels does she have?

60 nickels

50 nickels

45 nickels

65 nickels

CorrectIncorrect

Correct answer is: 50 nickels
We know that 1 dollar = 20 nickels
So, the number of nickels in $2.5 = 2.5 x 20 = 50 nickels

4

Ken wants to trade his 80 nickels for dollars. How many dollars will he get back?

$2

$20

$4

$5

CorrectIncorrect

Correct answer is: $4
We know that,
1 dollar = 20 nickels
or 20 nickels make up 1 dollar
So, the number of dollars in 80 nickels = 80 ÷ 20 = 4

Frequently Asked Questions

We know that the value of 1 penny is equal to 1 cent. As 5 cents make one nickel, 5 pennies make one nickel.

There are five types of coins—pennies, nickels, dimes, quarters, and dollars.

Each coin has the value written on it and has a unique picture on one side.

What is Nickel? Meaning, Definition, Examples, Conversion Method (2024)

FAQs

What is the definition of nickel? ›

nickel. noun. nick·​el ˈnik-əl. : a silver-white hard malleable ductile metallic element capable of a high polish and resistant to corrosion that is used chiefly in alloys and as a catalyst.

What is the meaning of nickel coin? ›

A nickel is a five-cent coin that got its name from the metal. Nickel is a silver-colored metal that's strong and resistant to corrosion, so it's often blended with other metals. Even the coin is part copper. For most people, a nickel means five cents.

What is the meaning of nickles? ›

uncountable noun. Nickel is a silver-coloured metal that is used in making steel. 2. countable noun. In the United States and Canada, a nickel is a coin worth five cents.

What is the meaning of the word nickel material? ›

Nickel is a chemical element; it has symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal.

Why is nickel so important? ›

The Nickel Institute says that nickel is highly ductile, corrosion and oxidation resistant and 100 percent recyclable. These characteristics make it essential for building infrastructure, chemical production, communications, energy supply, environmental protection and food preparation.

What is the meaning of nickel silver? ›

nickel silver, a range of alloys of copper, nickel, and zinc which are silvery in appearance but contain no silver. Its composition varies from 7 to 30 percent nickel, the alloy most widely used being 18 percent nickel silver (18 percent nickel, 62 percent copper, 20 percent zinc).

What is nickel for money? ›

The nickel is the United States' five-cent coin. The person on the obverse (heads) of the nickel is Thomas Jefferson, our 3rd president. He's been on the nickel since 1938, although the current portrait dates to 2006.

Why does nickel mean 5? ›

In 1865, Mint Director James Pollock thought that a five-cent coin made of nickel alloy would be a good trade for the five-cent paper notes that were circulating then. It turned out to be a good replacement for the half dime, too! The Mint once made two different 5-cent coins....

What is the difference between nickel and nickle? ›

Although some dictionaries list “nickle” as an alternative spelling, by far the more common and more widely accepted spelling is “nickel.”

What is the meaning of nickels and quarters? ›

A nickel is worth 5 cents. A dime is worth 10 cents. A quarter is worth 25 cents.

What are examples of nickel materials? ›

39 Common Items that Contain Nickel
  • Belt buckles.
  • Bra hooks.
  • Bracelets.
  • Brass fixtures.
  • Cell phones.
  • Cello strings.
  • Cigarette lighters.
  • Coins.

Is nickel toxic? ›

Nickel (Ni) is a hard, silvery-white metal that may cause irritation to the skin. Exposure can harm the lungs, stomach, and kidneys. Exposure to nickel may lead to cancer. Workers may be harmed from exposure to nickel.

What is an example of a material made of nickel? ›

Nickel can be found in the heating coils and elements of common electric appliances such as clothes irons, hotplates, toaster ovens, grills, electric blankets, baseboard heaters and soldering irons.

Where does nickels name come from? ›

Nickel's name comes from the Saxon term 'Kupfernickel' or Devils' Copper. 15th century miners in Germany found a brown-red ore which they believed to contain copper. They called it Kupfernickel or Devils' Copper because they couldn't recover copper from it. Coins in the USA first used nickel alloyed with copper in 1857 ...

What are the symbols on a nickel? ›

The first nickels, minted in 1866, featured a portrait of Liberty on the obverse and a spread eagle on the reverse. In 1883, the design was changed to feature a portrait of Thomas Jefferson on the obverse and a shield on the reverse. This design has remained unchanged ever since.

What is a fun fact about Nickles? ›

Interesting Facts about Nickel

The U.S. five cent coin, the "nickel", is composed of 75% copper and 25% nickel. It is the second most abundant element in the Earth's core after iron. Nickel plays a role in the cells of plants and some microorganisms. It is sometimes added to glass to give it a green color.

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