According to the Numismatic Guaranty Corporation (NGC), a 1911 V nickel in very good condition can have a value ranging from $12 to $15. However, if the coin is certified by NGC and graded as being in Very Good-10 (VG-10) condition, which represents the lowest end of the very good grade, the value can be as low as $8.50.
On the other hand, if the coin is graded as being in Very Good-8 (VG-8) condition, which is considered above average for the very good grade, the value can be as high as $22. Coins that are in higher grades, such as Very Fine (VF) or Extremely Fine (XF), can be worth even more.
Therefore, the exact value of a 1911 V nickel in very good condition can vary based on its grade and condition, and it is recommended to consult with a professional numismatist or coin dealer for an accurate appraisal.