The melt value for a 1964 nickel is the same as any other date of nickels (except 1942-45), because unlike the dime and quarter, nickels weren't silver, and there was no change to it in 1965. As of 19 August 2013, U.S. nickels have a melt value of 4.6 cents.
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The value is 5 cents and it has no silver in it.
The coins are still found in circulation and are face value only.
It is 35% silver and in circulated condition it is worth about $1.50 in melt.
Check that coin again. The last year for the Indian head nickel was 1938.
The last year before 1964 that silver dollars were minted was 1935, and they were 90% silver. The melt value at present is about $24.