Shield Nickels – Coins For The Collector
The Shield Nickel was made in the aftermath of the Civil War. Two events occurred that designed the coin essential. Very first, the Civil War experienced triggered hoarding of all silver and gold cash. Mainly because of the lack of circulating coinage all through the war, the govt commenced issuing fractional forex to make certain that commerce could continue. Even following the Civil War, folks ended up reluctant to spend their “difficult” dollars and the very unpopular fractional forex or “shinplasters” as they were referred to as ongoing to circulate. As a result, the mint was hunting for a way to get coinage again into circulation. The ultimate impact was Joseph Wharton, the operator of a big nickel mining worry and a very influnincial individual with customers of Congress. He experienced been advertising the use of nickel in coinage for several a long time. Even though the mint director, James Pollock, was to begin with opposed to using nickel in coinage simply because of the trouble of creating coins from the very hard and brittle steel. He at last submitted to the public pressure to offer an different to the fractional forex and the non-public lobbing of the nickel mining marketplace.
The standard sort coin collector will generally receive one instance of the Defend Nickel.
For the specialised variety coin collector two major varieties of the Shield Nickels were minted, a single with rays on the reverse and one particular without the need of. From 1866 until 1867 rays have been applied on the reverse of the cash to separate the thirteen stars. All through 1867 the rays ended up eliminated.
Nickel was quite challenging for the mint to operate with mainly because of the hardness of the metallic. The coins continually broke dies and mint equipment. As a result, ICO List the Shield Nickels are typically inadequately struck. Coins with sharp information are much additional hard to locate and are usually marketed for substantially a lot more than the values outlined in the a variety of rate guides.
Defend nickels ended up struck only at the Philadelphia Mint, and far more than 126 million were being produced from 1866 right until 1883. The two rarest dates are 1877 and 1878, when only proofs were manufactured. Amongst enterprise strikes, the many years 1879-1881 are low mintage dates and worth significant premiums in all grades. There are two overdates: the proof 1879/8 and the 1883/two organization strike.
Proofs were struck every single 12 months and consist of a person of the most vital nineteenth century rarities. Only twenty five items are considered to have been struck for the 1867 Defend Nickel with rays.