Nye is an unincorporated community in Stillwater County, Montana, United States. As of 2010, the population was 272.Originally a copper mining camp, the town sprang into existence when Jack Nye and the Hedges brothers staked their claim. Mining continues to be an important part of the area's economy. Nye's first post office was established on October 6, 1887, with Thomas Ross as its first postmaster. The post ofice was closed on July 2, 1965, and service is now handled out of Absarokee.Climate type is dominated by the winter season, a long, bitterly cold period with short, clear days, relatively little precipitation mostly in the form of snow, and low humidity. The Köppen Climate Classification subtype for this climate is "Dfc".