Nickels were first introduced by the US Mint after the Civil War and have continually been produced up until today. Of all the many coins produced by the US Mint, the Nickel is by far one of the most useful. Since they were first introduced in the 19th century, just after the Civil War, Nickels have long been an essential part of American coinage.
For collectors, it is imperative that these coins are in great condition, but the fact that they were produced well over 100 years old makes it a bit more difficult to find a well-preserved coin. Of course, if you can find one of these coins in great condition you will pay a lot more than a coin in sub-par condition.
For any coin that has been around for decades, you will have to carefully consider the coin’s overall condition. While some coins in poor condition may still be highly valued, it is usually only coins that are in excellent condition that are pursued by coin collectors. Finding coins in this condition can prove to be quite difficult, however, as they have been around so long.
When you are examining a coin, you are trying to determine the coin’s grade. While a coin’s actual grade must be assigned by a professionally recognized grading company, you can use the guide below to get a good idea of how your coin may be graded.
Uncirculated: Coins in this condition are the ones that collectors are most often trying to obtain. These coins have never been used in everyday circulation, and have maintained a near-perfect condition. Looking at these coins, they will appear to be brand new, as if they were just struck today.
Extremely Fine: Coins that are given a grade of extremely fine may also be highly coveted by coin collectors. These coins will, however, exhibit some minor wear and tear or damage. These coins will appear at a glance to be in pristine condition, although under closer examination you may seem slight scratches or damage.
Fine: Most coins given a grade of fine have been heavily circulated for some time. These coins will likely have surface scratches, although the coin’s imagery and details will remain fully intact.
Good: The majority of V-Nickels on the open market today are considered to be in good condition. These coins have been used for decades, and they will clearly show some signs of use and damage. Collectors will often stay away from coins in this condition, although they may still be valuable based on their type and mintage.
The condition of your 1889 V-Nickle means everything to most collectors. Those coins that are better preserved often sell for much more than those that aren’t. The chart below will help you gain a good idea as to how much you might be paying for a V-Nickel given its grade and type.
|1889 V Nickel||$15||$30||$75||$120||Source: Red Book|