Shield Nickels (1866-1883)

The Shield Nickel is significant in American coin collecting because it was the first nickel five-cent coin. It was first introduced in 1866 and represented a big change from silver half-dimes to a stronger and more readily available metal. Even though the coin was used for a short time, admirers want it because of its history and special look.

History

In the first year, more than 15 million new "Nickels" were made. This was done partly to promote the new coin and partly because nickel and copper were available. Joseph Wharton, a famous business owner and supporter of nickel, was influential in convincing Congress to make nickel a type of coin. His impact and the country's need for a useful and durable coin resulted in the Coinage Act of 1866, which permitted the creation of Shield Nickels.

Designs, that include

• • The reverse design has a huge number "5" surrounded by 13 stars, which symbolize the original American colonies. The shield on the front of the coin represents power and unity. Above the shield, there is a cross, and on each side of the shield, there are two laurel leaves.
• • A scroll that says "IN GOD WE TRUST" is positioned above the shield. This shows the country's dedication to faith.
• • The early sketches of the redesigned Nickel included rays on the back side of the coin. These rays were located between the stars around the big 5 in the middle of the coin. In mid-1867, mint officials decided to take off the rays. This led to the creation of two types: "With Rays" (1866-1867) and "Without Rays" (1867-1883).

The Shield Nickel may be a simple coin, but it has one of the most iconic patterns of all the coins in the United States. The Shield is a copy of the Great Seal of the United States and symbolizes power in union. The arrows that cross behind the Shield do not symbolize aggressiveness; rather, they symbolize a willingness to defend. Finally, the laurel branches that you see are said to be a sign of success from ancient Greece.

Collection and Significance

Shield Nickels are very popular among coin collectors, especially those made in important years or that are in excellent condition. The "With Rays" coin from 1866 is very sought after because it was produced in small numbers and has historical importance. The Shield Nickels from 1877 and 1878 are considered rare because very few were made. The condition of the coin is a very important factor in determining its worth.