Being more than 100 years old, the 1906 V-Nickel is not an easy find for any collector. As the years pass, that find will only be made increasingly difficult as the quantity of coins diminishes. Making the search for one of these coins even more difficult is the fact that it is not common to find one in great condition. More often than not these coins will be in pretty rough shape, and that is something no collector wants to hear.
The thing about collecting V-Nickels, however, is the fact that so few have survived the years in excellent condition. Being that collectors only want to add pristine coins to their collection, it comes as no surprise that collectors are willing to pay top-dollar for a 1906 V-Nickel in superb condition.
Coins can experience extensive handling and wear over the years. The older the coin is, the more that wear and tear may have taken a toll on its condition. Coin collectors will generally focus on coins that show little to no signs of wear from use. Coins in poor condition can, however, still have collectable value based on scarcity and year. Finding coins of this age in great shape is no easy task given how long they have been around.
While professional coin grading companies actually assign grades to coins, you can get a very good idea of how your coin might be graded by visually inspecting it. Use the simple guide below to get an idea of what a V-Nickel might look like in various grades.
Uncirculated: An uncirculated coin will show no signs of age related wear and tear. In fact, these coins will appear to be in freshly struck, pristine physical condition. This makes sense, given the fact that these coins have not been subjected to the rigors of circulation. Coins in uncirculated condition are most often what coin collectors are looking for.
Extremely Fine: Just a step below uncirculated grade, coins in extremely fine condition may also be prized by coin collectors. To achieve such a grade, the coin must have only very minor damage or wear. Often times, this wear is only visible under a very close examination.
Fine: Although a coin in fine condition will still have images or details that remain intact, these coins will also often have serious blemishes or damage. This is usually due to the fact that they have been in use for so long and through countless exchanges.
Good: Most of the V-Nickels on the market today are scratched, dented or discolored, and therefore would fall into the category of good. These coins have been used in circulation for decades, and they show their age. Coin collectors will often pass on these coins, rather looking for similar coins in better shape.
If you want to gauge what your coin might be worth on the open market, to consider is the coin’s condition. Coins that are in great condition may have significantly higher value than similar coins in lousy or even good condition. The chart below will give you a good idea of what these coins may trade for today based on type and condition.
|1906 V Nickel||$2||$4||$30||$60||Source: Red Book|