The condition of shield nickels has a lot to do with its value, so remember that the next time you're adding to your personal collection. In almost all cases a coin which appears to be in excellent condition will be significantly more collectable than one which is damaged. Of course older coins are generally more valuable to collectors, but more than just age can affect the value of a specific coin. The age and scarcity of coins of course affects their value to collectors, but did you know that there are other factors that play a part in assigning value to a given coin?. Coins can be valued by many factors, the most important of which is, of course demand.