Meanings
present singular third person shaves a nickel · participle present shaving a nickel · participle past shaved a nickel · past shaved a nickel
- CanadaUScolloquialrareTo be stingy (excessively frugal).
They acted as if shaving nickels would stave off bankruptcy, perhaps because they had no better ideas.
3 more examples
The company's endless attempts to shave a nickel were finally catching up with it, proving the old saw about being penny wise and pound foolish.
He ain't the only cheap son-of-a-bitch in the business by a long sight; he can find owners, a-plenty of 'em, just as cheap as he is, just as ready to shave a nickel here and a dime there and call themselves cute — and then wonder to all creation why they don't get nowhere with their horses!
1935, Evan Shipman, Free for All, C. Scribner's Sons, page 78[…] he commented, "Damned greasy little robber, that bastard is." Rosey, out in the hall, had heard him. "Those guys sure do shave a nickel," he was soon reporting to their classmates. "They're even blacking their own shoes." Bit by bit he built up his sordid picture of two young undesirables living from hand to mouth. The details were correct, but […]
1944, Richmond Barrett, Truant, E.P. Dutton, page 160Synonyms: skin a flint
Synonyms & antonyms
verbTo be stingy (excessively frugal).
Origin
Apparently merely from notions such as shaving a little bit off a haggled price: shaving a nickel off the price is then simply demanding or giving a discount. (From that viewpoint, compare take a haircut.) A folk etymology has it that this phrase comes from coin shaving, even though this term and related ones (nickel-shaving and nickel-shaver) apparently did not arise until the 20th century, when coin shaving was already something that was no longer worthwhile; it was still a cultural memory, but it seems less likely as the true origin of this phrase.
Full word history & related roots →Cite this entry
shave a nickel. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/shave%20a%20nickel
“shave a nickel.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/shave%20a%20nickel. Accessed November 5, 2026.
WatkinsX Dictionary, s.v. “shave a nickel,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/shave%20a%20nickel.
Source: shave a nickel on Wiktionary, CC BY-SA 4.0.