coin

Liberty Head V-Nickel

Liberty Head Nickel

The V Nickels were produced from 1883 to 1913 and it's metal content is 75% copper and 25% nickel. The first year the V-Nickel had no "CENTS" stamped on the reverse, the preceding years from 1884 to 1913 the word "CENTS" appears on the reverse bottom middle.

According to About.com (read article here) any V-Nickel that has a legible date is worth 15x it's face value at least. 15 x .05 is .75 or 75 cents. So if you can find one for less than that out in the real world you may want to pick a few of them up, assuming that you can read the date.

The coin was originally designed by Charles Barber (the same guy who designed the Barber Coinage). The front contains lady liberty and the reverse contains a large V (thus the Nick Name V-Nickel) that stands for 5 in roman numerals.

In addition there are various "specimins" of this coin that exist the details following have been taken from the WikiPedia Article.

Pedigree
In January 1924, Samuel Brown sold all five 1913 Liberty Head nickels. The intact lot passed through the hands of several other coin dealers before finally being purchased by Colonel E.H.R. Green (son of the infamous miser Hetty Green). Green kept them in his collection until his death in 1936. His estate was then auctioned off, and all five of the 1913 Liberty Head nickels were purchased by two dealers, Eric P. Newman and B.G. Johnson. The dealers broke up the set for the first time.

Eliasberg specimen
The Eliasberg specimen is the finest known 1913 Liberty Head nickel.
Of the five 1913 Liberty Head nickels, two have proof surfaces, and the other three were produced with standard striking techniques. The finest of the coins has been graded Proof-66 by various professional grading services, including PCGS and NGC.
This coin was purchased from Newman and Johnson by the Numismatic Gallery, a coin dealership that then sold it to famed collector Louis Eliasberg. It remained in Eliasberg's comprehensive collection until after his death. In May 1996, it was sold at an auction conducted by Bowers and Merena, where it was purchased by rarities dealer Jay Parrino for US$1,485,000 – the most ever fetched by any single coin up until that point. When it was auctioned again in March 2001, the price climbed to US$1,840,000. In May 2005, Legend Numismatics purchased the Eliasberg specimen for US$4,150,000. In 2007, the Eliasberg Specimen was sold to an unnamed collector in California for US$5 million.

Olsen specimen
The Olsen specimen was once featured on Hawaii Five-O.
While the Eliasberg specimen is the best preserved of the five coins, the Olsen specimen is almost certainly the most famous. It has been graded Proof-64 by both PCGS and NGC. The Olsen specimen was featured on an episode of Hawaii Five-O (The $100,000 Nickel, aired on December 11, 1973). It was also briefly owned by Egyptian King Farouk.
When Newman and Johnson broke up the set of five coins, the Olsen specimen was sold first to James Kelly and then to Fred Olsen. The latter collector sold the coin to Farouk, but his name has remained attached to it in numismatic circles ever since. In 1972, it was sold to World Wide Coin Investments for US$100,000, thus inspiring its title appearance in Hawaii Five-O the following year. The coin's price had doubled, to US$200,000, when it was resold to Superior Galleries in 1978. It has been resold on several occasions since then, fetching US$3,000,000 in a private treaty sale from California collector Dwight Manley to Bruce Morelan and Legend Numismatics in June 2004. Legend sold the coin to Blanchard and Co in 2005 who placed it with a collector, and more recently US$3,737,500 when offered by Heritage Auctions in January 2010. The current owner's name has not been disclosed.

Norweb specimen
The Norweb specimen is one of two 1913 Liberty Head nickels that currently reside in museums. It is currently an exhibit at the Smithsonian Institution.
Newman and Johnson sold the Norweb specimen to F.C.C. Boyd, who then resold it to the Numismatic Gallery (which handled several of the coins over the years). In 1949, it was purchased by King Farouk to replace the Olsen specimen, which he had sold. It remained in Farouk's collection until he was deposed by Gamal Abdel Nasser in 1952. Two years after that, Farouk's possessions were all auctioned off by the new regime. The specimen was once again handled by Numismatic Gallery, and sold this time to Ambassador Henry Norweb and his wife. In 1977, the Norwebs donated the specimen to the Smithsonian, where it remains.

Walton specimen
The Walton specimen is the most elusive of the five 1913 Liberty Head nickels; for over 40 years, its whereabouts were unknown and it was believed to have been lost. George O. Walton, for whom the specimen is named, purchased it from Newman and Johnson in 1945 for approximately US$3,750, equal to $45,765 today. On March 9, 1962, Walton died in a car crash en route to a coin show. He had promised the show's promoters that he would exhibit the 1913 Liberty Head nickel there, so it was assumed to have been among the coins in his possession when he died. A quarter-million dollars worth of coins were recovered from the crash site, and among them was the 1913 Liberty nickel in a custom-made holder. However, when his heirs later submitted Walton's coins for a 1963 public auction, the nickel was returned because the auction house mistakenly thought it was not genuine. The coin remained in the possession of Walton's heirs, kept in a strongbox on the floor of a closet in his sister's home for over 40 years . In July 2003, the American Numismatic Association arranged to exhibit the four specimens whose whereabouts were known. As a publicity stunt, public relations consultant and former ANA Governor, Donn Pearlman, launched a nationwide hunt for the missing fifth specimen. He arranged with Bowers and Merena auction house (at the time a division of Collectors Universe, Inc.) to offer a minimum US$1 million to purchase the coin or as a guarantee for consigning it to one of their public auctions. In addition, a US$10,000 reward was offered just for letting representatives of Bowers and Merena be the first to see the genuine, missing fifth specimen. After learning about the reward, the Walton heirs brought their coin to the ANA convention in Baltimore where expert authenticators from Professional Coin Grading Service examined it at length, compared it to the other four known specimens and determined that, in fact, the Walton specimen was genuine. The coin is still owned by the Walton heirs and is on loan to the American Numismatic Association's Edward C. Rochette Money Museum in Colorado Springs, Colorado.

McDermott specimen
Currently held by the American Numismatic Association's Money Museum, the McDermott Specimen has the distinction of being the only 1913 Liberty Head nickel to bear marks of circulation. From Johnson and Newman, it was sold to James Kelly, then to J.V. McDermott; it was this latter owner whose name became most prominently attached to the coin's pedigree. McDermott often carried the coin around with him, showing it off to bar patrons and boasting of its extraordinary rarity and value. Due to this activity, the coin lost some of its original mint luster, becoming circulated in condition. Eventually, McDermott protected the coin with a holder to prevent further wear. After McDermott died, the coin was then sold at auction to Aubrey Bebee in 1967 for US$46,000. Bebee and his wife donated the coin to the ANA in 1989, where it is exhibited in the Money Museum.

This coin was replaced by the the Indian Head / Buffalo Nickels

* Notice as of December 2006 it is illegal to melt down US Minted Pennies and Nickels, and there is a $10,000 fine to help enforce the law. It is legal however to melt down silver dollars, half dollars, dimes, quarters for their content.

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Liberty Head V-Nickel Values

* Notice as of December 2006 it is illegal to melt down US Minted Pennies and Nickels, and there is a $10,000 fine to help enforce the law. It is legal however to melt down silver dollars, half dollars, dimes, quarters for their content.