Goose - Your Liberty, or 'V', nickel catalogs for $2 US dollars in worn condition. The one in the picture is uncirculated. It catalogs for $120. You can see what a difference condition makes to coin collectors. They are willing to pay big money for coins in uncirculated condition. Here are some typical catalog values for common-date liberty V nickels:
worn: $2 US dollars approximate catalog value
average circulated: $8
well preserved: $20
fully uncirculated: $120
Be sure you understand what 'catalog' means. Look up the meaning on our Important Terminology page (link at upper left).
Most V nickels are like Goose's, that is, they have common dates and the catalog values above apply. The 'key dates' are 1885, 1886, and 1912S. Here are their catalog values in average circulated condition, with a few 'semi-keys' included:
1889 to 1893: $30
Use our Important Terminology link (upper left) to understand what 'catalog value' means.
There is an important minting variety for Lib nickels: the 1883 no cents variety. When the coins were first minted in 1883, the reverse design omitted the word 'cents.' Apparently there was confusion about the value of the coin. Was it 5 dollars or 5 cents? The Mint added 'cents' part of the way through 1883. It turns out that the original no cents variety is much more common than the with cents variety. If you have an 1883 coin without the 'cents' on the reverse, it is worth the same as common-date coins outlined above. The 1883 with cents variety catalogs about $40 in average circulated condition.
Too bad you don't have a 1913 V nickel. There are only 5 of those known to exist. The last one sold at auction for (are you ready?) $1,840,000.