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Shield Nickel 5c Rays, 1866-1867 PR

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Shield Nickel 5c Rays, 1866-1867 PR

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Greysheet Catalog Details (GSID: 72353)

The Shield Nickel Five cents is part of a series of Shield nickel coins struck from 1866-1867. The specific variety is Rays. Struck in Philadelphia and designated as a Proof (PR) strike, this coin is made of 75% copper; 25% nickel.
Proof versions of the Shield nickel were struck during every year of the series run from 1866 through 1883. The Shield nickel, designed by James B. Longacre, became America's first copper-nickel five-cent coin and is the forerunner of the nickel that we use today in commerce.

Proof Shield nickels are generally scarce, with between 600 and 3,000 pieces struck during any given year, with a few exceptions. On the high end of proof production is the 1883 proof Shield nickel, with 5,419 specimens struck. On the low side is the 1867 Rays proof Shield nickel, which saw a mintage of merely 25 pieces.

There are a few interesting notes about proof Shield nickels. The extraordinarily scarce 1867 Without Rays Pattern Reverse Shield nickel is one of the most challenging issues. The 1877 and 1878 are proof-only dates for the Shield nickel and thus trade at much higher levels due to pressure from date-set collectors. Also of note is the scarce 1879/8 proof overdate, though estimates by Professional Coin Grading Service (PCGS) suggest this variety is probably about as common, or only a little less so, than the so-called normal date.
Obverse: 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: A large numeral 5 surrounded by 13 stars centered in the design with UNITED STATES OF AMERICA * CENTS around the periphery. Straight lines, depicting rays of the sun, extended from the numeral to between the stars. The rays were removed in 1867.

Catalog Details    Dealers Only

Catalog Detail

GSID: 72353
Coin Date: Shield Nickel
Denomination: 5c / Five cents
Designation: PR
Mint Mark: P
Mint Location: Philadelphia
Coinage Type: Shield nickel
Coinage Years: 1866-1867
Composition: 75% copper; 25% nickel
Variety: Rays
Variety 2: 1866-1867
Strike Type: Proof
Diameter: 20.5 mm
Weight: 5 gr
Coin Shape: Round
Designer: James B. Longacre
Obverse Lettering: IN GOD WE TRUST, [Date]
Obverse Designer: James B. Longacre
Reverse Lettering: 5, UNITED STATES OF AMERICA, CENTS
Reverse Designer: James B. Longacre
PCGS #: 3816
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