The V-Nickel (Liberty Head) was the second design for the newly introduced nickel denomination. The new type was introduced in 1883 and struck until 1913. Interestingly, both the first and last years of the series are a source of numismatic intrigue. In all but a few cases, the mintages for the V-Nickel occurred in relatively high numbers. Most issues of the series with the exception of three remain relatively available for collectors.
Unfortunately, because these coins are so old, so few of them have survived in excellent condition. Because collectors only want to get their hands on one of these coins in great condition, this presents people with quite a challenge when it comes to finding a well-preserved piece.
For coins that have been around as long as the 1893 V-Nickel, you really have to closely examine the coin’s condition. While these coins may have value in various conditions, only coins that are in near-perfect condition will be highly sought after by collectors. Considering how long these coins have been around, however, finding coins in almost perfect condition is no easy task.
When you are examining a coin, you are essentially trying to determine how the coin might be graded. Although actual grades are assigned by professional coin grading companies, you can use the guidelines below to try to determine how your coin might be graded.
Uncirculated: Coins in this condition are often highly coveted by collectors. These coins were never used in circulation, and have been exchanged only a limited amount of times. Because of this, their condition remains excellent and these coins will appear to the eye as if they were just struck the very same day.
Extremely Fine: Extremely fine V-Nickels may also be sought after by coin collectors. These coins, however, may have very minor signs of use and damage. The coin may have very minimal surface scratches and will look almost brand new. It is only under a very close visual inspection that the coin’s imperfections are seen.
Fine: Coins in fine condition have been exchanged countless times over the years, and one can tell this by their appearance. While the coin’s images and text remain fully intact, they may have significant scratches and blemishes.
Good: The majority of V-Nickels on the market today are considered to be in good condition. Due to heavy use over a period of many years, these coins will display significant scratches and other imperfections. For a coin collector, these coins may be skipped over for coins in better overall condition. Despite this, these coins may have some collectible value depending on year or relative scarcity.
To give the 1893 V Nickel an accurate value, you must first start with the coin’s condition. The coin’s condition is key for collectors. Coins that have been protected and are in excellent condition often sell for much higher prices than similar coins in a lesser condition. The chart below will give you a good idea on what you might expect to pay for a V-Nickel given its type and grade.
|1893 V Nickel||$6||$20||$65||$110||Source: Red Book|