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1898 Liberty Head (sometimes called 'V Nickel') in good condition is worth $2.00, in fine condition is worth $7.00, uncirculated is worth $90.00, proof is worth $180.00.

Updated

1898 isn't a rare year for Liberty Head nickels. Numismedia lists the following approximate retail values as of 03/2014:

Very worn condition - $4

Moderately worn - $9

Slightly worn - $22

Almost no wear - $71

Uncirculated - $120 to $2,130 depending on quality

The "V" on the back doesn't stand for Victory or Queen Victoria or any other word. Remember Roman numerals? "V" = 5.

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

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