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The phrase "for a nickel" is a correct and usable expression in written English.
It is typically used in informal contexts to refer to something that is very inexpensive or is available for a very small payment. Example: "If you can guess my favorite color, I'll give you the candy bar for a nickel!".
Exact(58)
At a local thrift shop, he bought white shirts for a dime, the broad ties he favored for a nickel, and sports coats for thirty-five cents.
"They sold scorecards for a nickel".
"These things came out for a nickel.
"You locked me up for a nickel bag of crack.
Practically anybody would play you dirt for a nickel.
"People today will kill you for a nickel".
For a nickel, he would answer any architectural question.
Talk story about what you can buy for a nickel.
Mr. Sage rushed ahead and showed a pass, leaving Chapin to fish for a nickel.
They were sold at the Philadelphia Centennial Exposition in 1876 for a nickel apiece.
"I was very aware of the guys selling apples on street corners for a nickel.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com