V-Nickels were produced from 1883-1913. Not only are these coins difficult to find because they are so old, they are difficult to find in pristine condition. Because of their heavy circulation, those 1905’s that you do find are often in poor condition.
For collectors, no matter what grade of 1905 V- Nickel you acquire, it goes without saying that you desire a coin that is in excellent condition. Because these coins were produced about a century ago, not many have survived the years in great shape, which is why collectors are willing to pay top-dollar for a Nickel that has been well-preserved.
For any coin that has been around over a century, the coin’s condition is very important when trying to assess the coin’s value. Coins may have some collectible value even in poor condition, although the majority of the time coin collectors look for coins in excellent condition. Finding coins in excellent condition can be challenging, however, as these coins have been around for decades.
When you are looking at a coin, what you are really trying to gauge is how that coin might be graded. Although individuals cannot grade their own coins, you can get a very good idea of how your coin might be graded by a numismatist by looking at the specifications below.
Uncirculated: Coins in uncirculated condition are typically the goal of serious coin collectors. These coins have never been used in circulation, and therefore have not been exposed to the damaging elements of circulation. At a glance, and even close up, these coins will look as if they were freshly minted and have never been handled by human hands.
Extremely Fine: A step below on the grading scale, coins in extremely fine condition may still be coveted by coin collectors. These coins will, however, have some degree of imperfection. The coin must have only very minimal damage, however, to be assigned this grade. In fact, you may not even notice any blemishes unless you perform a very thorough inspection.
Fine: Coins that are assigned a grade of fine have been around the block. These coins have been handled extensively, and show age and use related damage and wear. The coin’s larger features, such as images or text, remain fully intact, however.
Good: Good is the grade assigned to most of the V-Nickels that are exchanged in the market today. These coins may have significant scratches, discoloration or other blemishes. These coins carry smaller premiums due to their condition, and may be shun by collectors for similar coins in superior condition.
The key components for estimating a coin’s value. Assess the coin’s physical condition. Collectors base their purchase decisions on coin condition, and coins in superior condition may sell for far more, and faster, than coins in lesser condition. Use the chart below to get an idea of what you might expect to pay for a 1905 V-Nickel based on the coin’s grade.
|1905 V Nickel||$2||$4||$30||$60||Source: Red Book|