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: 5g
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: 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: 941
Low Grade: PrAg
Average Grade: 61
High Grade: 67

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/20/2004 PCGS AU 55   Heritage Auctions Exclusively Internet Auction #24014, 24014/Lot# 13281 $77.05
5/31/2004 PCGS MS 63   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 460 $391.00
7/25/2005 NGC MS 64   David Lawrence Rare Coins Internet-Only Auction #47, 52/Lot# 101 $322.00
12/5/2010 PCGS Genuine Genuine   Teletrade Auction 2972, 2972/Lot# 1400 $109.25
11/10/2013 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 11/10/2013, 100/Lot# 148578 $232.10
4/1/2014 PCGS VG 8   Stack's Bowers March 2014 Baltimore Auction, 6008/Lot# 7465 $246.75
10/8/2014 PCGS MS 66   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(1), 1210/Lot# 3212 $2,232.50
4/27/2016 NGC MS 66   Heritage Auctions 2016 April 27 - May 1 CSNS US Coins Signature Auction - Chicago Session(2), 1234/Lot# 3902 $763.75

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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