1867 Shield Nickel with Rays Value Guide

The 1867 Shield Nickel with Rays is a significant numismatic piece representing the first copper-nickel five-cent series in U.S. history. This specific variety is highly collectible because the radiating lines on the reverse were removed mid-year due to production difficulties, making the 'with rays' examples a fleeting part of the 1867 mintage.

What affects the value of 1867 Shield Nickel with Rays?

• The presence and clarity of the rays on the reverse, as these often suffered from weak strikes due to die wear.
• Overall surface preservation and the amount of wear on the high points of the shield and the numeral 5.
• The current market value range of $70 to $75, which typically applies to examples in mid-grade circulated condition.
• Eye appeal, including the absence of heavy spotting or corrosion common to copper-nickel alloys.

How to Identify 1867 Shield Nickel with Rays?

• Look for the distinct radiating lines (rays) positioned between the stars surrounding the numeral 5 on the reverse side.
• Confirm the date 1867 on the obverse, as this was the final year these rays were included in the design.
• Check for the copper-nickel composition, which gives the coin its characteristic silver-gray appearance compared to earlier silver half dimes.
• Verify the shield design on the obverse, which features a large decorative shield topped by a cross.

History of 1867 Shield Nickel with Rays

The Shield Nickel was the first five-cent coin made of copper-nickel alloy, introduced in 1866 to replace the half dime. The 'with rays' variant, minted from 1866 to early 1867, featured lines radiating from the numeral '5' on the reverse. These rays were removed later in 1867 due to striking difficulties and die wear, making the 'with rays' version a distinct and often sought-after variation.