Time to back up a bit: What does "resolution" mean? There's not one answer, but the concept that is closest is that of angular resolution.
First imagine looking at one point source of light through a telescope. You won't see a point of light even if the lens is absolutely perfect. Instead you'll see a blob, a fuzzy circle, of light. (Google "Airy disc" for more info.)
Now imagine looking at two point sources of light through a telescope. It's easy to tell that one is looking at two different objects if the two objects are far apart. Now imagine that the point sources start moving toward one another. Because each point source looks like a blob rather than a point, those two sources will appear to blur into one at some point as the objects get ever closer to one another. The point at which the two point sources just barely look like two blobs of light -- that's the resolution of the telescope.
The size of the Airy disc, and hence the resolution of the telescope, depends on frequency and the diameter of the lens (or mirror). With some image processing tricks, one can resolve two point sources as two objects if there Airy discs overlap a bit.
I'm going to use a somewhat simplified formula to express this optical resolution: \theta = \frac{\lambda} D. Here, theta is the angular separation of the two point sources, lambda is the frequency of the light, and D is the diameter of the lens (or mirror). Using the the small angle formula, and solving for D, this becomes D = \frac {R \lambda} d. Here, R is the distance between the telescope and the objects and d is the separation between them.
The problem at hand is "spotting a nickel" from geosynchronous altitude. Geosynchronous altitude is about 36,000 km. Visible light has a wavelength between 390 to 750 nanometers. I'll use 550 nm. Setting d to 2.121 cm (the size of a nickel) yields a lens that almost a kilometer across. That won't let you "spot a nickel". It will let you see a nickel, or a dime, or an light emitting diode as a small fuzzy circle. An eight kilometer lens will let you spot something that is roughly the size and shape of a nickel. A 60 km lens will let you see the nickel as something like this:
To see something like this the lens (or mirror) will have to be over 200 km across:
Note that the initials JNF and DW are just blobs in this image. There's no telling if the above image is a counterfeit. To see those initials from geosynchronous orbit, the lens (or mirror) needs to be 500 to 1000 km across.
And that of course is ignoring atmospheric distortion. Taking this into account, its not possible to spot a nickel from space, period.