Coin Specifications

Category: Shield Five Cents (1866-1883)
Mint: Philadelphia
Mintage: 600
Catalog: KM-96
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.
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1866 RAYS 5C PF obverse 1866 RAYS 5C PF reverse


  
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There are no varieties for this coin.

Description & Analysis

Coining of the nickel five-cent piece did not begin until June 11, 1866, well after most collectors had purchased their silver proof sets for the year. Walter Breen's figure of 125 proof nickels was derived from the number of silver sets sold after that time, these including the minor coins, as well. How many proof nickels were sold as part of the minor proof sets is uncertain, but estimates range from 600-1200, and it's also possible that restrikes were made a few years later for new collectors.

The proofs of this date are generally well struck, though a few will show slight weakness at the right side of the chief, the upper portion of the shield in which horizontal lines represent the color blue. This is in contrast to the currency pieces, which are almost always poorly defined.

There seem to be enough proof 1866 nickels to satisfy the demand, though gems are scarce. So, too, are Cameo examples, while Ultra Cameo specimens are ultra rare.

This is the only issue in the series to have a tiny centering dot on the reverse. This die was evidently unique to 1866 proofs and some pattern coins.

GRADE SUMMARY

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Price Guide

Last Updated: 9/9/2014

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

1866 RAYS 5C PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 1450 1575 1700 2000 2375 3050 4875 17500 - - -
$ - - - - - 1550 1675 1800 2100 2650 3600 6000 - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 260
Low Grade: 58
Average Grade: 64
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
1/12/2015 PF 67  Ultra Cameo Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(1), 1216/Lot# 3494


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/5/2006 PCGS PF 66   Cameo Goldberg February 5-8, 2006 Pre-Long Beach Coin and Currency Auction, 34/Lot# 542 $8,050.00
4/16/2007 NGC PF 65   Cameo David Lawrence Rare Coins Internet Auction # 135, 140/Lot# 367 $2,875.00
6/2/2010 PCGS PF 66   Cameo Heritage Auctions 2010 June Long Beach, CA Signature US Coin Auction #1140, 1140/Lot# 343 $4,312.50
1/9/2013 PCGS PF 64   Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(1), 1181/Lot# 3375 $2,350.00
10/7/2013 PCGS PF 65   Teletrade Auction 3451, 3451/Lot# 1163 $2,937.50
3/28/2014 PCGS PF 65   Cameo Stack's Bowers March 2014 Baltimore Auction, 6008/Lot# 5158 $2,585.00


NGC Registry

NGC Registry Score 1866 RAYS 5C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base56362072587410661271139314771558160917072087217922682464268530333774647379692827950688
58265577593811341312142115041575164218342118220923332538280132804674697214739357490
00000014211504157516421834211822092333253828013280467469721473900
00000014491531159216741960214822382399261129173527557374702150900
1866 RAYS 5C PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base60466783899011751396152616471736179918862197228823812585281332273945672086443111555734
625724889105212491439156616771757182819902227231924492661295134664870736116134393210
00000015661677175718281990222723192449266129513466487073611613400
00000016071706177818572093225823502517273730893706579580032362500
1866 RAYS 5C PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base6928401013121214361691184119802082214722412345244526852821323837744578757097563578164033
7418981079128715211741188720142104217822762378252527302960341740425575829918431451980
00000018872014210421782276237825252730296034174042557582991843100
00000019342048212522102310241226052776309935954310657390272710600
Registry Image Gallery
Grade: PF 67 ULTRA CAMEO
Points: 8299
Owner: DMD2
 
Grade: PF 67 CA
Points: 6720
Owner: SLUGGO
 
View the Registry Image Gallery

Related Articles

Conservation Showcase: Proof 1866 5 Cent

5/3/2010  — A recent example from our conservation laboratory.
View full article >


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