1867 Proof Shield Nickel - Rays
Strike Type
Coin Details
Value Estimates
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
$78,200 PR65 01-08-2008 Bowers & Merena
Description
The 1867 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 60, this is an extremely rare issue — the lowest mintage among 5 mint variants, representing only less than 1% 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. The rays between stars were removed mid-year because they caused excessive die cracking and shortened die life. Both With Rays and Without Rays varieties exist for 1867. 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 $584. Struck in 75% copper, 25% nickel, weighing 5 grams, 20.5 mm in diameter, with a plain edge. Cataloged as PCGS #3818.
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