Nikon 1 V2 vs Olympus E-3

The Nikon 1 V2 and the Olympus E-3 are two digital cameras that were officially introduced, respectively, in October 2012 and October 2007. The V2 is a mirrorless interchangeable lens camera, while the E-3 is a DSLR. The cameras are based on an one-inch (V2) and a Four Thirds (E-3) sensor. The Nikon has a resolution of 14.2 megapixels, whereas the Olympus provides 10 MP.

Below is an overview of the main specs of the two cameras as a starting point for the comparison.

Headline Specifications

Nikon 1 V2		Olympus E-3
Mirrorless system camera		Digital single lens reflex
Nikon 1 mount lenses		Four Thirds lenses
14.2 MP – 1" sensor		10 MP – Four Thirds sensor
1080/60p Video		no Video
ISO 160-12,800		ISO 100-3,200
Electronic viewfinder (1440k dots)		Optical viewfinder
3.0" LCD – 921k dots		2.5" LCD – 230k dots
Fixed screen (not touch-sensitive)		Swivel screen (not touch-sensitive)
15 shutter flaps per second		5 shutter flaps per second
Lens stabilization only		In-body stabilization
not weather sealed		Weathersealed body
310 shots per battery charge		750 shots per battery charge
109 x 82 x 46 mm, 278 g		142 x 116 x 75 mm, 876 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Nikon 1 V2 and the Olympus E-3? Which one should you buy? Read on to find out how these two cameras compare with respect to their body size, their imaging sensors, their shooting features, their input-output connections, and their reception by expert reviewers.

Body comparison

The side-by-side display below illustrates the physical size and weight of the Nikon 1 V2 and the Olympus E-3. The two cameras are presented according to their relative size. Three consecutive perspectives from the front, the top, and the back are available. All width, height and depth measures are rounded to the nearest millimeter.

The V2 can be obtained in two different colors (black, white), while the E-3 is only available in black.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Olympus E-3 is considerably larger (84 percent) than the Nikon 1 V2. Moreover, the E-3 is substantially heavier (215 percent) than the V2. It is noteworthy in this context that the E-3 is splash and dust-proof, while the V2 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete since they do not consider the interchangeable lenses that both of these cameras require. Hence, you might want to study and compare the specifications of available lenses in order to get the full picture of the size and weight of the two camera systems.

The table below summarizes the key physical specs of the two cameras alongside a broader set of comparators. If you want to switch the focus of the display and review another camera pair, you can move across to the CAM-parator tool and choose from the broad selection of possible camera comparisons there.

Body Specifications

#		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price (USD)	Street Price
1.		Nikon 1 V2	109 mm	82 mm	46 mm	278 g	310	n	Oct 2012	799	ebay.com
2.		Olympus E-3	142 mm	116 mm	75 mm	876 g	750	Y	Oct 2007	1,699	ebay.com
3.		Canon G1 X	117 mm	81 mm	65 mm	534 g	250	n	Jan 2012	799	ebay.com
4.		Fujifilm X-M1	117 mm	67 mm	39 mm	330 g	350	n	Jun 2013	699	ebay.com
5.		Nikon 1 V3	111 mm	65 mm	33 mm	381 g	310	n	Mar 2014	799	ebay.com
6.		Nikon 1 J4	100 mm	60 mm	29 mm	232 g	300	n	Apr 2014	549	ebay.com
7.		Nikon 1 V1	113 mm	76 mm	44 mm	383 g	350	n	Sep 2011	799	ebay.com
8.		Olympus E-5	142 mm	117 mm	75 mm	873 g	750	Y	Sep 2010	1,699	ebay.com
9.		Olympus E-30	142 mm	108 mm	75 mm	701 g	750	n	Nov 2008	1,299	ebay.com
10.		Olympus E-520	136 mm	92 mm	68 mm	535 g	750	n	May 2008	699	ebay.com
11.		Olympus E-510	136 mm	92 mm	68 mm	538 g	750	n	Mar 2007	799	ebay.com
12.		Olympus E-1	141 mm	104 mm	81 mm	738 g	750	Y	Jun 2003	1,699	ebay.com
13.		Panasonic GF6	111 mm	65 mm	38 mm	323 g	340	n	Apr 2013	499	ebay.com
14.		Panasonic GF5	108 mm	67 mm	37 mm	267 g	360	n	Apr 2012	499	ebay.com
15.		Panasonic GX1	116 mm	68 mm	39 mm	318 g	320	n	Nov 2011	699	ebay.com
16.		Ricoh GR	117 mm	61 mm	35 mm	245 g	290	n	Apr 2013	799	ebay.com
17.		Sony RX100 II	102 mm	58 mm	38 mm	281 g	350	n	Jun 2013	749	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
Convert to Imperial

The price is, of course, an important factor in any camera decision. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The V2 was launched at a markedly lower price (by 53 percent) than the E-3, which puts it into a different market segment. Usually, retail prices stay at first close to the launch price, but after several months, discounts become available. Later in the product cycle and, in particular, when the replacement model is about to appear, further discounting and stock clearance sales often push the camera price considerably down. Then, after the new model is out, very good deals can frequently be found on the pre-owned market.

Sensor comparison

The size of the imaging sensor is a crucial determinant of image quality. A large sensor will tend to have larger individual pixels that provide better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixel-units in a sensor of the same technological generation. Further, a large sensor camera will give the photographer additional creative options when using shallow depth-of-field to isolate a subject from its background. On the downside, larger sensors tend to be associated with larger, more expensive camera bodies and lenses.

Of the two cameras under consideration, the Nikon 1 V2 features an one-inch sensor and the Olympus E-3 a Four Thirds sensor. The sensor area in the E-3 is 94 percent bigger. As a result of these sensor size differences, the cameras have a format factor of, respectively, 2.7 and 2.0. The sensor in the V2 has a native 3:2 aspect ratio, while the one in the E-3 offers a 4:3 aspect.

Despite having a smaller sensor, the Nikon 1 V2 offers a higher resolution of 14.2 megapixels, compared with 10 MP of the Olympus E-3. This megapixels advantage comes at the cost of a higher pixel density and a smaller size of the individual pixel (with a pixel pitch of 2.86μm versus 4.74μm for the E-3). However, it should be noted that the V2 is much more recent (by 5 years) than the E-3, and its sensor will have benefitted from technological advances during this time that make it possible to gather light more efficiently.

The resolution advantage of the Nikon 1 V2 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the V2 for good quality output (200 dots per inch) amounts to 23 x 15.4 inches or 58.5 x 39 cm, for very good quality (250 dpi) 18.4 x 12.3 inches or 46.8 x 31.2 cm, and for excellent quality (300 dpi) 15.4 x 10.2 inches or 39 x 26 cm. The corresponding values for the Olympus E-3 are 18.2 x 13.7 inches or 46.3 x 34.7 cm for good quality, 14.6 x 10.9 inches or 37.1 x 27.8 cm for very good quality, and 12.2 x 9.1 inches or 30.9 x 23.2 cm for excellent quality prints.

The V2 has on-sensor phase detect pixels, which results in fast and reliable autofocus acquisition even during live view operation.

The Nikon 1 V2 has a native sensitivity range from ISO 160 to ISO 12800. The corresponding ISO settings for the Olympus E-3 are ISO 100 to ISO 3200 (no boost).

Technology-wise, both cameras are equipped with CMOS (Complementary Metal–Oxide–Semiconductor) sensors. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

For many cameras, data on sensor performance has been reported by DXO Mark. This service is based on lab testing and assigns an overall score to each camera sensor, as well as ratings for dynamic range ("DXO Landscape"), color depth ("DXO Portrait"), and low-light sensitivity ("DXO Sports"). Of the two cameras under consideration, the E-3 has a markedly higher DXO score than the V2 (overall score 6 points higher), which will translate into better image quality. The advantage is based on 1.4 bits higher color depth, 0.3 EV of lower dynamic range, and 0.5 stops in additional low light sensitivity. The adjacent table reports on the physical sensor characteristics and the outcomes of the DXO sensor quality tests for a sample of comparator-cameras.

Sensor Characteristics

#		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Nikon 1 V2	1-inch	14.2	4608	3072	1080/60p	20.2	10.8	403	50
2.		Olympus E-3	Four Thirds	10.0	3648	2736	none	21.6	10.5	571	56
3.		Canon G1 X	1.5-inch	14.2	4352	3264	1080/24p	21.7	10.8	644	60
4.		Fujifilm X-M1	APS-C	16.0	4896	3264	1080/30p	23.4	12.6	1371	76
5.		Nikon 1 V3	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	384	52
6.		Nikon 1 J4	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	426	53
7.		Nikon 1 V1	1-inch	10.0	3872	2592	1080/60i	21.3	11.0	346	54
8.		Olympus E-5	Four Thirds	12.2	4032	3024	720/30p	21.6	10.5	519	56
9.		Olympus E-30	Four Thirds	12.2	4032	3024	none	21.3	10.4	530	55
10.		Olympus E-520	Four Thirds	10.0	3648	2736	none	21.4	10.4	548	55
11.		Olympus E-510	Four Thirds	10.0	3648	2736	none	21.2	10.0	442	52
12.		Olympus E-1	Four Thirds	4.9	2560	1920	none	20.0	9.7	-145	44
13.		Panasonic GF6	Four Thirds	15.8	4592	3448	1080/60i	20.7	10.6	622	54
14.		Panasonic GF5	Four Thirds	12.0	4000	3000	1080/60i	20.5	10.0	573	50
15.		Panasonic GX1	Four Thirds	15.8	4592	3448	1080/60p	20.8	10.6	703	55
16.		Ricoh GR	APS-C	16.1	4928	3264	1080/30p	23.6	13.5	972	78
17.		Sony RX100 II	1-inch	20.0	5472	3648	1080/60p	22.5	12.4	483	67
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras are not only capable of taking still images, but also of capturing video footage. The V2 indeed provides movie recording capabilities, while the E-3 does not. The highest resolution format that the V2 can use is 1080/60p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. For example, the V2 has an electronic viewfinder (1440k dots), while the E-3 has an optical one. Both systems have their advantages, with the electronic viewfinder making it possible to project supplementary shooting information into the framing view, whereas the optical viewfinder offers lag-free viewing and a very clear framing image. The following table reports on some other key feature differences and similarities of the Nikon 1 V2, the Olympus E-3, and comparable cameras.

Core Features

#		Camera Model	Viewfinder (Type or 000 dots)	Control Panel (yes/no)	LCD Specifications (inch/000 dots)	LCD Attach- ment	Touch Screen (yes/no)	Max Shutter Speed *	Max Shutter Flaps *	Built-in Flash (yes/no)	Built-in Image Stab
1.		Nikon 1 V2	1440	n	3.0 / 921	fixed	n	1/4000s	15.0/s	Y	n
2.		Olympus E-3	optical	Y	2.5 / 230	swivel	n	1/8000s	5.0/s	Y	Y
3.		Canon G1 X	optical	n	3.0 / 922	swivel	n	1/4000s	1.9/s	Y	Y
4.		Fujifilm X-M1	none	n	3.0 / 920	tilting	n	1/4000s	5.6/s	Y	n
5.		Nikon 1 V3	optional	n	3.0 / 1037	tilting	Y	1/4000s	60.0/s	Y	n
6.		Nikon 1 J4	none	n	3.0 / 1037	Fixed	Y	1/4000s	60.0/s	Y	n
7.		Nikon 1 V1	1440	n	3.0 / 921	fixed	n	1/4000s	10.0/s	n	n
8.		Olympus E-5	optical	Y	3.0 / 920	swivel	n	1/8000s	5.0/s	Y	Y
9.		Olympus E-30	optical	Y	2.7 / 230	swivel	n	1/8000s	5.0/s	Y	Y
10.		Olympus E-520	optical	n	2.7 / 215	fixed	n	1/4000s	3.5/s	Y	Y
11.		Olympus E-510	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	Y
12.		Olympus E-1	optical	Y	1.8 / 134	fixed	n	1/4000s	3.0/s	n	n
13.		Panasonic GF6	none	n	3.0 / 1040	tilting	Y	1/4000s	4.2/s	Y	n
14.		Panasonic GF5	none	n	3.0 / 920	fixed	Y	1/4000s	4.0/s	Y	n
15.		Panasonic GX1	optional	n	3.0 / 460	fixed	Y	1/4000s	4.2/s	Y	n
16.		Ricoh GR	optional	n	3.0 / 1230	fixed	n	1/4000s	4.0/s	Y	n
17.		Sony RX100 II	optional	n	3.0 / 1229	tilting	n	1/2000s	10.0/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One feature that differentiates the E-3 and the V2 is in-body image stabilization (IBIS). The E-3 reduces the risk of handshake-induced blur with all attached lenses, while the V2 offers no blur reduction with lenses that themselves do not provide optical image stabilization.

The reported shutter speed information refers to the use of the mechanical shutter. Yet, some cameras only have an electronic shutter, while others have an electronic shutter in addition to a mechanical one. In fact, the V2 is one of those camera that have an additional electronic shutter, which makes completely silent shooting possible. However, this mode is less suitable for photographing moving objects (risk of rolling shutter) or shooting under artificial light sources (risk of flickering).

The Nikon 1 V2 has an intervalometer built-in. This enables the photographer to capture time lapse sequences, such as flower blooming, a sunset or moon rise, without purchasing an external camera trigger and related software.

The V2 writes its imaging data to SDXC cards, while the E-3 uses Compact Flash or xD Picture cards. The E-3 features dual card slots, which can be very useful in case a memory card fails. In contrast, the V2 only has one slot.

Connectivity comparison

For some imaging applications, the extent to which a camera can communicate with its environment can be an important aspect in the camera decision process. The table below provides an overview of the connectivity of the Nikon 1 V2 and Olympus E-3 and, in particular, the interfaces the cameras (and selected comparators) provide for accessory control and data transfer.

Input-Output Connections

#		Camera Model	Hotshoe Port	Internal Mic / Speaker	Microphone Port	Headphone Port	HDMI Port	USB Port	WiFi Support	NFC Support	Bluetooth Support
1.		Nikon 1 V2	-	stereo / mono	-	-	mini	2.0	-	-	-
2.		Olympus E-3	Y	- / -	-	-	-	2.0	-	-	-
3.		Canon G1 X	Y	stereo / mono	-	-	mini	2.0	-	-	-
4.		Fujifilm X-M1	Y	stereo / mono	-	-	mini	2.0	Y	-	-
5.		Nikon 1 V3	-	stereo / mono	Y	-	mini	2.0	Y	-	-
6.		Nikon 1 J4	-	stereo / mono	-	-	mini	2.0	Y	-	-
7.		Nikon 1 V1	-	stereo / mono	-	-	mini	2.0	-	-	-
8.		Olympus E-5	Y	stereo / -	-	-	mini	2.0	-	-	-
9.		Olympus E-30	Y	- / -	-	-	-	2.0	-	-	-
10.		Olympus E-520	Y	- / -	-	-	-	2.0	-	-	-
11.		Olympus E-510	Y	- / -	-	-	-	2.0	-	-	-
12.		Olympus E-1	Y	- / -	-	-	-	2.0	-	-	-
13.		Panasonic GF6	-	stereo / mono	-	-	mini	2.0	Y	Y	-
14.		Panasonic GF5	-	stereo / mono	-	-	mini	2.0	-	-	-
15.		Panasonic GX1	Y	stereo / mono	-	-	mini	2.0	-	-	-
16.		Ricoh GR	Y	mono / mono	-	-	micro	2.0	-	-	-
17.		Sony RX100 II	Y	stereo / mono	-	-	micro	2.0	Y	Y	-

It is notable that the E-3 has a hotshoe, which makes it possible to easily attach optional accessories, such as an external flash gun. The V2 does not feature such an accessory-socket.

Studio photographers will appreciate that the Olympus E-3 (unlike the V2) features a PC Sync socket, so that professional strobe lights can be controlled by the camera.

Both the V2 and the E-3 have been discontinued, but can regularly be found used on ebay. The E-3 was replaced by the Olympus E-5, while the V2 was followed by the Nikon 1 V3. Further information on the features and operation of the V2 and E-3 can be found, respectively, in the Nikon 1 V2 Manual (free pdf) or the online Olympus E-3 Manual.

Review summary

So how do things add up? Which of the two cameras – the Nikon 1 V2 or the Olympus E-3 – has the upper hand? Is one clearly better than the other? A synthesis of the relative strong points of each of the models is listed below.

Reasons to prefer the Nikon 1 V2:

• More detail: Offers more megapixels (14.2 vs 10MP) with a 21% higher linear resolution.
• Broader imaging potential: Can record not only still images but also 1080/60p movies.
• Better live-view autofocus: Features on-sensor phase-detection for more confident autofocus.
• More framing info: Has an electronic viewfinder that displays shooting data.
• Larger screen: Has a bigger rear LCD (3.0" vs 2.5") for image review and settings control.
• More detailed LCD: Has a higher resolution rear screen (921k vs 230k dots).
• Faster burst: Shoots at higher frequency (15 vs 5 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Easier time-lapse photography: Has an intervalometer built-in for low frequency shooting.
• More compact: Is smaller (109x82mm vs 142x116mm) and thus needs less room in the bag.
• Less heavy: Is lighter (by 598g or 68 percent) and hence easier to carry around.
• More legacy lens friendly: Can take a broad range of non-native lenses via adapters.
• More affordable: Was introduced into a lower priced category (53 percent cheaper at launch).
• More modern: Reflects 5 years of technical progress since the E-3 launch.

Arguments in favor of the Olympus E-3:

• Better image quality: Scores markedly higher (6 points) in the DXO overall evaluation.
• Richer colors: Generates noticeably more natural colors (1.4 bits more color depth).
• Better low-light sensitivity: Can shoot in dim conditions (0.5 stops ISO advantage).
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Easier setting verification: Features a control panel on top to check shooting parameters.
• More flexible LCD: Has a swivel screen for odd-angle shots in portrait or landscape orientation.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster shutter: Has higher mechanical shutter speed (1/8000s vs 1/4000s) to freeze action.
• Longer lasting: Gets more shots (750 versus 310) out of a single battery charge.
• Better sealing: Is splash and dust sealed for shooting in inclement weather conditions.
• Sharper images: Has stabilization technology built-in to reduce the impact of hand-shake.
• Better lighting: Features a hotshoe and can thus hold and trigger an external flash gun.
• Better studio light control: Has a PC Sync socket to connect to professional strobe lights.
• Greater peace of mind: Features a second card slot as a backup in case of memory card failure.
• More heavily discounted: Has been around for much longer (launched in October 2007).

If the number of relative strengths (bullet points above) is taken as a guide, the E-3 comes out slightly ahead of the V2 (15 : 14 points). However, the relevance of individual strengths will vary across photographers, so that you might want to apply your own weighing scheme to the summary points when reflecting and deciding on a new camera. A professional sports photographer will view the differences between cameras in a way that diverges from the perspective of a street photog, and a person interested in family portraits has distinct needs from a landscape shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

How about other alternatives? Do the specifications of the Nikon 1 V2 and the Olympus E-3 place the cameras among the top in their class? Find out in the latest Best Mirrorless Interchangeable Lens Camera and Best DSLR Camera listings whether the two cameras rank among the cream of the crop.

In any case, while the comparison of the spec-sheets of cameras can offer a general idea of their imaging potential, it remains incomplete and does no justice, for example, to the way the V2 or the E-3 perform in practice. User reviews, such as those found at amazon, can sometimes inform about these issues, but such feedback is often incomplete, inconsistent, and biased.

Expert reviews

This is where reviews by experts come in. The table below provides a synthesis of the camera assessments of some of the best known photo-gear review sites (amateurphotographer [AP], cameralabs [CL], digitalcameraworld [DCW], dpreview [DPR], ephotozine [EPZ], photographyblog [PB]). As can be seen, the professional reviewers agree in many cases on the quality of different cameras, but sometimes their assessments diverge, reinforcing the earlier point that a camera decision is often a very personal choice.

Expert Camera Reviews

#		Camera   Model	AP   score	CL   score	DCW   score	DPR   score	EPZ   score	PB   score	Camera Launch	Launch Price (USD)	Street Price
1.		Nikon 1 V2	3/5	..	..	..	4.5/5	4/5	Oct 2012	799	ebay.com
2.		Olympus E-3	..	88/100	..	+ +	o	4/5	Oct 2007	1,699	ebay.com
3.		Canon G1 X	5/5	+	..	76/100	4/5	4.5/5	Jan 2012	799	ebay.com
4.		Fujifilm X-M1	3/5	+	..	77/100	4.5/5	4.5/5	Jun 2013	699	ebay.com
5.		Nikon 1 V3	3/5	..	..	76/100	4.5/5	4/5	Mar 2014	799	ebay.com
6.		Nikon 1 J4	3/5	..	..	..	4.5/5	4/5	Apr 2014	549	ebay.com
7.		Nikon 1 V1	..	+	..	69/100	4.5/5	4/5	Sep 2011	799	ebay.com
8.		Olympus E-5	4/5	..	..	75/100	4/5	4.5/5	Sep 2010	1,699	ebay.com
9.		Olympus E-30	..	..	..	71/100	4.5/5	4/5	Nov 2008	1,299	ebay.com
10.		Olympus E-520	..	87/100	..	+ +	4.5/5	4.5/5	May 2008	699	ebay.com
11.		Olympus E-510	..	89/100	..	+ +	3.5/5	4.5/5	Mar 2007	799	ebay.com
12.		Olympus E-1	..	..	..	+	o	..	Jun 2003	1,699	ebay.com
13.		Panasonic GF6	..	+ +	..	..	4.5/5	4.5/5	Apr 2013	499	ebay.com
14.		Panasonic GF5	3/5	..	..	..	4.5/5	4.5/5	Apr 2012	499	ebay.com
15.		Panasonic GX1	3/5	+	..	77/100	4.5/5	4.5/5	Nov 2011	699	ebay.com
16.		Ricoh GR	5/5	..	..	79/100	4.5/5	4.5/5	Apr 2013	799	ebay.com
17.		Sony RX100 II	5/5	+ +	..	79/100	4.5/5	4.5/5	Jun 2013	749	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, though. The ratings were established in reference to similarly priced cameras that were available in the market at the time of the review. Hence, a score should always be seen in the context of the camera's market launch date and its price, and comparisons of ratings among very different cameras or across long time periods have little meaning. Also, please note that some of the review sites have changed their methodology and reporting over time.

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Other camera comparisons

Did this review help to inform your camera decision process? In case you are interested in seeing how other cameras pair up, just make a corresponding selection in the search boxes below. There is also a set of direct links to comparison reviews that other users of the CAM-parator app explored.

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