That's a Liberty nickel, which contains NO silver. The V on the back is the Roman numeral for 5. 1903 is a relatively common date, currently worth around $2 in worn condition and upwards of $60 if uncirculated.
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This coin is commonly called the Liberty Nickel, it is made of copper-Nickel, and became to be called the "V" Nickel
You are describing a US Liberty nickel. It was minted from 1883 to 1912. There are 5 known 1913 Liberty nickels but they were never an authorized issue.
What you most likely have is a "V" or "Liberty Head" nickel, there is a V on the reverse, the roman numeral for 5 because a nickel is worth 5 cents.
it's a "V" nickelgo to the link to check out the vaulecoins.about.com/od/coinvalues/l/bl-liberty-head-v-nickel-values.htm - 27k -
Standing Liberty quarters are very dependent on grade. 1930 is a common date and if worn is only worth about $5-6 in silver scrap. But if uncirculated your coin can be worth $75+ depending on how many scratches/bag marks it has.