According to PCGS it's an AU58, but I sure bought it as an unc. I could have dipped it to bring out more lustre, but I don't see any wear.

Country:	US
Denomination:	.05 Dollar
Date:	1939rev '40
Mint:	S
Grade:	58 PQ
Grading Service:	PCGS 94006.58/49664313
Catalog:	Rev '40
Metal:	Copper Nickel
Item #:	0101-044