As several other members have indicated, "ring" is an unreliable indicator of metal content. Any slight internal imperfection/interruption in the grain will deaden the ring.
Guys, could this be an annealing issue? I think the nickels are baked to harden them. If this one was under-baked, maybe that'd make it softer and thus kill it's "ring." What do you think?
You know, I looked up the squirt nickel online and the ones I saw had a milled out back that was covered with a metal/plastic "button" and couldn't be mistaken for a "squirt" nickel.
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