What is the value of a 1943 Steel Nickel?

Answer 1

Nickels have never been made of steel.

1943 nickels were made of an alloy of silver, copper, and manganese. Nickel was needed for the war effort.

Depending on its condition you coin might be worth about a dollar due to the small amount of silver it contains.
This coin is made of an alloy that contains no steel. It is 56% copper, 35% silver, and 9% manganese. 271,163,000 were made with a P mint mark, 15,294,000 were made with a D mint mark, and 104,060,000 were made with a S mint mark.

With a P mint mark, 3 over 2 ,it is worth; $50 in very fine condition, $100 in extremely fine condition, $165 in about uncirculated condition, $225 in uncirculated condition, $260 in choice uncirculated condition, and $620 in gem uncirculated condition. No proofs known.

With P mint mark, doubled eye; $30 in very fine condition, $50 in extremely fine condition, $75 in about uncirculated condition, $100 in uncirculated condition, $160 in choice uncirculated condition, and $360 in gem uncirculated condition. No proofs known.

With P mint mark; $1 in very fine condition, $1.25 in extremely fine condition, $2.50 in about uncirculated condition, $5 in uncirculated condition, $8 in choice uncirculated condition, and $15 in gem uncirculated condition. No proofs known.

With a D mint mark; same as P mint mark for circulated conditions, $6 in uncirculated condition, $12 in choice uncirculated condition, and $16 in gem uncirculated condition. No proofs known.

With a S mint mark; Same as with P mint mark. No proofs known.