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Nickel: Definition and Example | EDU.COM

Nickel: Definition and Example | EDU.COMEDU.COMResourcesBlogGuidePodcastPlanBackHomesvg]:size-3.5">Math Glossarysvg]:size-3.5">NickelNickel: Definition and ExampleTable of ContentsDefinition of Nickel in U.S. Currency

A nickel is a five-cent coin in the United States currency system. This distinct coin features the portrait of President Thomas Jefferson on the front and is equivalent to exactly five cents (5cents5cents5cents). The nickel serves as one of the fundamental units in American currency, allowing people to make transactions in smaller denominations than dollars.

When working with different currency denominations, it's important to understand how nickels convert to other coins. Since one dollar equals 100 cents, it takes 20 nickels to make one dollar (20×5cents=100cents=$120 \times 5cents = 100cents = \$120×5cents=100cents=$1). Similarly, 2 nickels equal one dime (2×5cents=10cents2 \times 5cents = 10cents2×5cents=10cents), and 5 nickels equal one quarter (5×5cents=25cents5 \times 5cents = 25cents5×5cents=25cents). These conversion relationships are essential for working with mixed coin problems.

Examples of Nickel Currency Calculations Example 1: Calculating Purchase Capacity with Nickels Problem:

Albert has 4 nickels in his pocket. How many candies can he get if each one costs 10 cents?

Step-by-step solution:

First, determine the total value Albert has by calculating the worth of his nickels:

Each nickel is worth 5cents5cents5cents With 4 nickels, Albert has 4×5cents=20cents4 \times 5cents = 20cents4×5cents=20cents in total

Next, determine how many candies he can buy by dividing his total money by the cost of each candy:

Total money: 20cents20cents20cents Cost per candy: 10cents10cents10cents Number of candies = 20cents10cents=2\frac{20cents}{10cents} = 210cents20cents​=2 candies

Therefore, Albert can purchase 2 candies with his 4 nickels.

Example 2: Converting Nickels to Dollars Problem:

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

Step-by-step solution:

First, recall the conversion rate between nickels and dollars:

202020 nickels = $1\$1$1

Next, divide the total number of nickels by 20 to find the equivalent in dollars:

Total nickels: 160160160 Conversion: 160 nickels20 nickels per dollar=8 dollars\frac{160 \text{ nickels}}{20 \text{ nickels per dollar}} = 8 \text{ dollars}20 nickels per dollar160 nickels​=8 dollars

Therefore, Jane can exchange her 160 nickels for $8.

Example 3: Converting Dollars to Nickels Problem:

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

Step-by-step solution:

First, recall the relationship between dollars and nickels:

$1=20\$1 = 20$1=20 nickels

Next, multiply the number of dollars by 20 to find the equivalent number of nickels:

Total dollars: $10\$10$10 Conversion: 10 dollars×20 nickels per dollar=200 nickels10 \text{ dollars} \times 20 \text{ nickels per dollar} = 200 \text{ nickels}10 dollars×20 nickels per dollar=200 nickels

Therefore, Anne can convert her $10 into 200 nickels.

Comments(10)PPetLoverGigiNovember 6, 2025This nickel def. is great! I've used it to teach my kids currency conversions. It made the concept so much easier for them to grasp.

IInvestorMilesNovember 5, 2025This nickel definition was super helpful! I used it to teach my kid money conversions. It made the lesson easy and fun.

BBadmintonEnthusiastWyattNovember 5, 2025This nickel definition page is great! I've used it to teach my kids currency conversions. It made learning money math so much easier!

RRunnerFayeNovember 4, 2025This nickel def. has been so helpful! It's made teaching money conversions to my students a breeze. Thanks for the great resource!

NNatureLover85September 17, 2025I’ve used the nickel definition and examples from this page to teach my kids about money conversions—it’s super clear and practical! They now get how nickels fit with dimes and quarters. Great resource!

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