The Shield nickel was the first United States five cent piece to be made out of copper-nickel, the same alloy of which American nickels are struck today. Designed by James B. Longacre, the coin was issued from 1866 until 1883, when it was replaced by the Liberty Head nickel. The coin takes its name from the motif on its obverse, and was the first coin referred to as a "nickel"—silver five-cent pieces had been known as half dimes.
Half dimes had been struck from the early days of the United States Mint in the late 18th century. Those disappeared from circulation, along with most other coins, in the economic turmoil of the Civil War.
In 1864, the Mint successfully introduced low-denomination coins, whose
intrinsic worth did not approach their face value. Industrialist Joseph Wharton advocated coins containing nickel—a metal in which he had significant financial interests. When the Mint proposed a copper-nickel five-cent piece, Congress required that the coin be heavier than the Mint had suggested, allowing Wharton to sell more of the metal to the government.
|
1868 Shield Nickel #11-25P
$25.00
Free S&H
|
1882 Shield Nickel #12-10J
$17.95
Free S&H
|
|
|
|
|
|
|
|
|
|
