I took a bunch of 1950s and earlier Jefferson nickels to a local coin dealer last week. He said they’re not worth anything beyond face value, but then proceeded to ask if I’d take 5 cents each for them. LOL. I figure they have to be worth a little more than current nickels, due to silver content during that time.
Nickels were never silver. They were nickle. Hence the name “nickle”.
The wartime alloy nickels have larger mintmarks above the dome of Monticello on the reverse.
Wartime Nickel=0.05626 oz
Silver dime=0.07234 oz
Silver Quarters=0.18084 oz
Silver Half Dollars=0.36169 oz
Silver Clad Halfs (1965-1970)=0.14792 oz
Silver Dollars=0.777344 oz
Take the price of Silver (around $13.60/oz) times the content to get the value.
But dealers will never give you 100% of value or else they wouldn't make any $$$$$.
I don’t think old nickels are made of silver. Just old dimes, quarters, half-dollars, and dollars.