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1866 Proof Shield Nickel - Rays

Strike Type
1866 Proof Shield Nickel - Rays

Coin Details

Year
1866
Denomination
Nickel
Mint Mark
P
Strike Type
Proof
Series
Shield Nickels 1866-1883
Designer
James Barton Longacre
Mintage
600
Composition
75% Copper, 25% Nickel
Weight
5g
Diameter
20.5mm
Edge
Plain

Value Estimates

$2,111 - $2,111

Values as of May 2026 — estimates reflect typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.

Auction Record

$16,100 PR67 09-18-2005 American Numismatic Rarities

Description

The 1866 Proof Shield Nickel - Rays is a proof nickel struck at the Philadelphia Mint, part of the Shield Nickels 1866-1883 series. With a mintage of 600, this is an extremely rare issue — the scarcer of two mint variants, with 0% of total production. The obverse features a large Union shield with a motto ribbon and crossed arrows behind it and the reverse displays a large numeral 5 surrounded by stars and rays. Minted during Reconstruction and the Gilded Age, as the nation healed from civil war and debated the role of silver and gold in the monetary system. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $2.1K. Struck in 75% copper, 25% nickel, weighing 5 grams, 20.5 mm in diameter, with a plain edge. Cataloged as PCGS #3817.

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