The term is usually used in describing the back of a Jefferson Nickel. Many of the earlier years of production were not well struck, meaning that, even in uncirculated condition, some of the detail of the coin would not be visible. The feature most often missing are the lines showing the 5 (or 6) steps on the Monticello on the coin's reverse. A coin with "Full Steps" (that is, one on which all of the steps are fully and completely dilineated) will often command a premium price.
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The value of any Jefferson nickel with the designation of Full Step is many times higher (or how much are you willing to pay) than other coins and varies by year and mint mark. Also the term is used only with the grades of MS-65 or higher. This is one example: 1946 in MS-65 retail list price $10.00- 1946 in MS-65FS retail list price $215.00. There is no simple answer for this question
A nickel blank planchet; nickel-$5.00 wartime silver-$350.00
It depends on how much nickel is in there. At the time of writing, nickel is $11.13 per pound.
Without further information its worth a nickel.
It's just a nickel, spend it.