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A 1943-P nickel in average condition is worth 75 cents to a dollar because it contains a bit less than two grams of silver.

A 1954 nickel couldn't have a P mint mark because that letter didn't appear on nickels from 1946 to 1979 inclusive. However 1954 is a common date; in average condition its retail value is only about a dime.

To explain the presence of silver in a 1943 nickel, it's a special "war nickel" minted during WWII. War nickels were made of an alloy of 56% copper, 35% silver, and 9% manganese because nickel metal was needed for the war effort. Minting began in late 1942 and continued until the end of 1945. The large mint mark letter over the dome of Monticello on the back was used to indicate the composition change.

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Q: What value does a 1943 and 1954 nickel have with mint mark P?
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