Coin Specifications

Category: Shield Five Cents (1866-1883)
Mint: Philadelphia
Mintage: 28,890,500
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 5.0000g
Diameter: 20.5mm
Edge: Plain
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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: 7/1/2015

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 70.00 105 110 120 145 155 170 185 225 415 790 1800 - - - -
$ - - - - - - - 205 250 460 900 2950 - -

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Total Graded: 967
Low Grade: PrAg
Average Grade: 61
High Grade: 67

Upcoming Auctions

A random selection of NGC coins is shown below.

Auction House
Sale / Lot
4/25/2017 MS 62   Heritage Auctions Internet Coin Auction Session(1), 131717/Lot# 27095

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/30/2005 NGC MS 63   Teletrade Auction 1994, 1994/Lot# 1114 $187.00
12/11/2006 NGC MS 65   David Lawrence Rare Coins Internet Auction # 117, 122/Lot# 361 $724.50
1/29/2012 PCGS VF 35   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 662 $92.00
7/21/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 07/21/2013, 84/Lot# 128743 $50.00
8/30/2013 NGC MS 66   Stack's Bowers The September 2013 Philadelphia Auction, 195/Lot# 4624 $283.18
5/24/2015 PCGS MS 64   Heritage Auctions Internet Coin Auction Session(2), 131522/Lot# 21562 $305.50
2/4/2016 PCGS MS 65   Heritage Auctions 2016 February 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1232/Lot# 7160 $564.00
12/11/2016 PCGS MS 64   Heritage Auctions Internet Coin Auction Session(1), 131651/Lot# 25082 $305.50

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: Art W
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