A 1945 Canadian nickel will vary in value based on its condition, scarcity, supply and demand, errors and varieties, but the average price range in 2014 was from $.13 to $1,900. Canadian coins are set on a grading scale that helps determine how much the coins are worth.
The most common grading rubric is broken down into circulated coins, uncirculated coins and specimen proof coins. They are then assigned codes which describe the condition of the coin. This gives collectors or other potential buyers a quick assessment of the coin's value. Circulated coins are usually worth the least as they have more wear. The specimen proof coins come from the uncirculated stock; however, they are made of a better quality than the other two categories, which means they are worth more.