Coin Specifications

Category: Shield Five Cents (1866-1883)
Mint: Philadelphia
Mintage: 28,890,500
Catalog: KM-97
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 5.00 Grams
Diameter: 20.5mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1867 NO RAYS 5C MS obverse 1867 NO RAYS 5C MS reverse


  
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Description & Analysis

The removal of rays from the reverse of the Shield Nickel early in 1867 does seem to have cut down on the number of severe die cracks and cud breaks, but it did not achieve its second goal of making the coins strike up more fully. The example illustrated is typical, and it displays weakness on several stars and on the leaves opposite them on the obverse.

This isssue enjoyed an extremely large mintage for the time period, the highest for the entire series. Circulated coins and those in lower Mint State grades are plentiful, while gems are moderately scarce. It's interesting to note, however, that the population drops off drastically at the MS 66 level; these coins simply weren't made well enough to merit higher grades.

This subtype of the 1867 production is extremely rich in varieties. Most of these were the result of repunching the date, but a number of doubled-dies are also found. Another variety category concerns the "Missing Leaf" phenomenon. After the obverse hub was created, it was noticed that the second cluster of leaves on the right had only three leaves, while its opposite number on the left had four. An extra feather was added to several working dies to balance them out, but on others this feature was overlooked (the example illustrated has a tiny extra leaf added to the outside of the cluster). Only specialists care about such things, but it serves to highlight how complex the Shield Nickel series can be.

GRADE SUMMARY

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Price Guide

Last Updated: 6/11/2013

Click on a price to see historical prices, comparison charts and trends.

1867 NO RAYS 5C MS
  GVGFVF4045505355586061626364656667686970
Base $ 18.40 25.30 31.20 39.60 64.80 64.80 97.20 103 118 132 150 162 181 225 413 780 1430 - - - -
$ 73.00 109 116 132 148 168 181 203 250 450 860 1570 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 811
Low Grade: PrAg
Average Grade: 62
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/27/2014 MS 64   Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(8), 1204/Lot# 8632


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/11/2007 NGC MS 66   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 1108 $2,640.00
7/23/2007 NGC MS 64   David Lawrence Rare Coins Internet Auction # 161, 166/Lot# 331 $345.00
10/24/2010 PCGS MS 64   Teletrade Auction 2947, 2947/Lot# 1273 $322.00
8/5/2012 NGC AU 58   Heritage Auctions Internet Coin Auction Session(2), 131233/Lot# 22822 $99.88
12/9/2012 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 12/09/2012, 52/Lot# 81572 $126.50
3/31/2013 PCGS AU 55   Heritage Auctions Internet Coin Auction Session(1), 131315/Lot# 22082 $188.00
8/30/2013 NGC MS 66   Stack's Bowers The September 2013 Philadelphia Auction, 195/Lot# 4624 $283.18
2/9/2014 PCGS MS 63   Heritage Auctions Internet Coin Auction Session(2), 131407/Lot# 22556 $188.00


NGC Registry

NGC Registry Score 1867 NO RAYS 5C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base162432456310615520122724827229233040948966313031707371278561377415672
18263651771221702092342562783043564355478761437237550939828144060
000000170209234256278304356435547876143723755093982800
00000018521824126428531738246260510891572304364741180100
Registry Image Gallery
Grade: MS 65
Points: 1303
Owner: mtayl03
 
Grade: MS 64
Points: 663
Owner: Heleine
 
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