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.
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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.


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Price Guide

Last Updated: 3/30/2015

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

1867 NO RAYS 5C MS
Base $ 19.00 26.00 32.50 40.00 65.00 65.00 98.00 105 120 135 150 170 185 225 415 790 1800 - - - -
$ 75.00 - 115 135 150 - 185 205 250 460 900 2950 - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Total Graded: 885
Low Grade: PrAg
Average Grade: 62
High Grade: 66

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
5/19/1995 NGC MS 64   Heritage Auctions 1995 May New Jersey Bullet Sale #135, 135/Lot# 83 $209.00
5/27/2007 NGC MS 62   Goldberg May 27-30, 2007 Pre-Long Beach Coin and Currency Auction, 41/Lot# 280 $132.25
10/27/2010 PCGS MS 65   Heritage Auctions 2010 October Stamford Coinfest Signature US Coin Auction #1145, 1145/Lot# 3968 $632.50
4/28/2011 NGC MS 63   David Lawrence Rare Coins Thursday - Internet Auction # 579, 586/Lot# 7058 $161.00
5/13/2012 NGC Details VF Details  GreatCollections GreatCollections Coin Auctions 05/13/2012, 22/Lot# 49774 $12.99
12/23/2012 NGC Details UNC Details  Teletrade Auction 3403, 3403/Lot# 1374 $70.00
8/1/2014 NGC MS 65   Stack's Bowers iAuction 3493, 6044/Lot# 20056 $581.63
10/31/2014 NGC AU 53   Stack's Bowers iAuction 3506, 6060/Lot# 22041 $70.50

NGC Registry

NGC Registry Score 1867 NO RAYS 5C MS
Registry Image Gallery
Grade: MS 65
Points: 1716
Owner: Amazon
Grade: MS 65
Points: 1494
Owner: mtayl03
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