What Is With The Grading Of George V Nickels?

#1 GeorgeV nickels are notoriously weakly struck, it's often a challenge to find well struck examples.

#2 NGC and PCGS have a reputation for overgrading most circulated Canadian coins.

Arguably the hardest series of Canada Coins to grade .
A lot of collectors confuse weak strike , with excessive wear.
Serious collectors of this series will stick to old 2 letter ICCS graded coins
AND learn the series inside and out before dropping big money on any of
The 1922 to 1936 Nickels. Some dates with strong Obverse strikes and
In Gem BU are virtually NON existent. You can throw trends or Catalogue
out the window when they show .

Not being a student of this series, I must admit to the OP's coin being a head-scratcher for sure.

And not to be difficult but I have absolutely had it with American TPG's grading Canadian coins. If you have a great Canadian nickel send it to ICCS.