The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
Shield nickels were struck from 1866 through 1883 and designed by James B. Longacre. These 75% copper, 25% nickel coins, the first 5-cent pieces with this composition, circulated concurrently with the physically smaller but equally denominated half dime, which also has a face value of five cents.
Generally speaking, the scarcest Shield nickels were minted from 1877 through 1881, with the 1866, 1867 Without Rays, 1868, 1869, and 1882 issues being the most commonly encountered dates across the grading spectrum. The rarest issues by date are the 1877 and 1878 Shield nickels, which are proof-only issues with a combined mintage of less than 3,000 pieces.
Shield nickel varieties include the 1867 Rays and 1867 Without Rays, with the former showcasing rays between the stars that encircle the large numeral 5 on the coin's reverse. Earlier into production that year, the rays were removed, leaving only stars around the '5.' Another set of important varieties are found on 1873 nickels with the Closed 3 and Open 3, as evidenced in the fourth numeral of the date. The 1873 Open 3 is far more common than the 1873 Closed 3. All Shield nickels were made at the Philadelphia Mint.
Obverse Description
A shield flanked on the left and right by leaves topped with a cross with arrows positioned behind at the bottom so the arrow heads and shanks protrude at the sides. The motto IN GOD WE TRUST appears at the top periphery with the date positioned at the bottom center.
Reverse Description
A large numeral 5 surrounded by 13 stars centered in the design with UNITED STATES OF AMERICA * CENTS around the periphery.
Book Reference
Designer: James B. Longacre. Weight: 5 grams. Composition: .750 copper, .250 nickel. Diameter: 20.5 mm. Edge: Plain. Mint: Philadelphia.
Key to Collecting: In early 1867, the Shield nickel motif was revised by eliminating the rays between the stars on the reverse. Afterward, the striking quality improved, as Mint officials hoped it would. However, the hard nickel-copper alloy was difficult to work with, and today it is a numismatic challenge to acquire choice pieces. Enough coins were made in circulation strike and Proof format that finding one will be no problem. However, it is important to keep an eye open for quality. Mint State coins are plentiful, especially of the last two dates in the series, 1882 and 1883.
Aspects of Striking and Appearance: The striking is generally much better than on the 1866 and 1867 With Rays style. Striking quality and aesthetic appeal are generally better for the later-dated coins. Issues of the 1860’s and 1870’s require special care to find quality pieces. Points to check include the horizontal shield lines and the star details. Die cracks are common among earlier dates and are sometimes a virtual network of tiny connecting lines—interesting to observe.
Proof Coins: Proofs of 1867 to 1876 are apt to vary in quality, and cherrypicking is advised. The 1877 and 1878 dates were made only in Proof format, the 1878 having a frosty surface not much different from a circulation strike in appearance. Proofs of the 1879 to 1883 years are generally of higher quality, with more mirrorlike fields and sharper details than found on earlier issues.
Catalog Information
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Body: Referring page: http://dev.greysheet.com/prices/item/shield-nickel-no-rays-five-cents-type-coin-business-strike/gsid/72352 GSID: 72352 Title: Shield Nickel 5c No Rays, 1867-1883 MS [Type]
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$3,250 | $1,234 |
| MS67 | - | $2,700 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
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