The V-Nickel (Liberty Head) got its start in 1883, when it was designed to replace the Shield Nickel. Most people might assume that nickels have no collectible value, but they are wrong. V-Nickels can have significant value based on type and condition. For a coin collector to get serious about a V-Nickel, the coin must be in excellent overall physical condition. Coins in top shape are not only worth more but they are beautiful as well.
Like most coins made in the 19th century this particular coin was heavily circulated such that very few survived to today in great condition. Those that did survive are often found in poor condition. Still, despite their condition, these coins are a prize for any collector who can get their hands on them.
When looking at coins as old as the 1892 V-Nickel, you have to take a close look at the coin’s condition. While a coin may be valuable even if in poor condition, collectors generally look for coins in excellent overall condition. Finding coins in excellent condition can prove to be very difficult, however.
When you are inspecting a coin’s condition, you are basically trying to determine how the coin might be graded. Grades are assigned by professional grading companies. You can, however, get a good idea of how your coin may be graded using the guidelines below.
Uncirculated: Collectors love to obtain coins in uncirculated condition. These coins have never been used in circulation, and will appear as if they were just rolled off the mint’s presses. These coins are in near-perfect condition, and are not only beautiful but can be extremely valuable.
Extremely Fine: Just a step below uncirculated grade, collectors also look for coins in extremely fine condition. These coins will, however, have some very minor wear and tear or damage. The coin will normally look pristine, and its imperfections may only be seen under very close inspection.
Fine: A coin that is assigned a grade of fine has been circulated and has damage that may include scratches or even small dents. Despite this damage, however, the coin’s imagery and any text are still easily discerned and in decent overall condition.
Good: The vast majority of V-Nickels that are bought and sold today are in good condition. These coins have exchanged hands many times over throughout the years, and show their age and wear. Collectors most often avoid coins in good condition, looking for coins that are in superior overall condition.
When trying to determine a price range for the 1892 V-Nickel, you must first ascertain the coin type. Several types of this coin were produced, and their values can vary widely. In addition to the coin type, you must also assess the coin’s overall condition. Coins that are in pristine or extremely fine condition will be more valuable than coins in fine or good condition. The chart below will give you a good idea as to how your coin might be priced.
|1892 V Nickel||$6||$20||$65||$110||Source: Red Book|