The V-Nickel is an iconic piece of American coinage that was produced during the latter parts of the 19th century. Nowadays, these coins are particularly popular amongst collectors and are constantly sought after. This 5-cent piece coin was incredibly popular due to its usefulness. Nowadays, the V-Nickel is popular in the eyes of collectors who will stop at nothing to get their hands on these pieces of history.
For collectors, of course they desire the 1891 V-Nickel in excellent condition. Since these coins were produced about a century ago, not many have survived the years in great shape. This is why collectors are willing to pay top-dollar for a Nickel that has been well-preserved.
For coins that have been around for any period of time, you have to take a good, hard look at the coin’s condition. While these coins may have some collectability value even if in poor condition, collectors most often want coins that are in excellent overall condition. Finding such coins can be challenging, however, as many of them have been used in circulation over the years.
When you are looking at a coin’s condition, you are really trying to determine how that coin may be graded. While a coin’s actual grade must be assigned by a recognized grading company, you can use the guidelines below to get a good idea of what a graded V-Nickel may look like according to grade.
Uncirculated: Collectors are often trying to get their hands on coins in this condition. These coins were never used in circulation, and therefore have maintained much of their original condition throughout the years. Looking at coins in this condition, you may even assume that they were just minted that same day.
Extremely Fine: Just below uncirculated grade, extremely fine coins are also coveted by coin collectors. Coins given this grade may have very minor wear and tear or surface damage and will appear to be in near-pristine condition. Only under close examination might you see the coin’s imperfections.
Fine: Coins that have been assigned a grade of fine have often been circulated for many years. These coins will display surface damage, including scratches and or dents. The integrity of the coin’s images and engravings usually remains intact, however.
Good: Good is the grade assigned to the majority of V-Nickels on the open market today. These coins have been widely used in circulation for some time, and show their age. Scratches, surface damage and blemishes are likely present. Coin collectors often steer clear of these coins in favor of coins in better condition. Coins graded good may still be valuable, however, based on type, mint year and relative scarcity.
As is the case with any coin more than 100 years old, the price you are going to pay will directly coincide with the condition the coin is in. For 1891 Nickels especially, collectors are willing to pay a large amount of money for one of these coins in great condition.
|1891 V Nickel
|Source: Red Book