The 1868 Shield Nickel is a rare and historically significant coin that marks an important period in the United States’ numismatic history.
Minted just after the Civil War, the Shield Nickel was one of the first five-cent coins made from a new metal alloy, symbolizing the post-war economic and social recovery.
For collectors, this coin offers not only historical importance but also significant value, especially in well-preserved condition. In this article, we explore the 1868 Shield Nickel, its design, value, and why it remains a treasured piece of American history.
Historical Background of the 1868 Shield Nickel
The 1868 Shield Nickel was part of the first series of nickels produced by the U.S. Mint following the Civil War. The introduction of the Shield Nickel coincided with the need for smaller denominations in the economy as silver coins became less abundant. It was minted during the presidency of Andrew Johnson, who succeeded Abraham Lincoln.
Key Features of the 1868 Shield Nickel
| Feature | Details |
|---|---|
| Mint Year | 1868 |
| Design | Shield design with an eagle on the reverse |
| Composition | 75% copper, 25% nickel |
| Mint Marks | Philadelphia (no mint mark), San Francisco (S), and Carson City (CC) |
| Diameter | 21.2mm |
| Weight | 5 grams |
Design of the 1868 Shield Nickel
The 1868 Shield Nickel has a distinctive design that sets it apart from other coins. The obverse of the coin features a shield with vertical stripes and a laurel wreath, symbolizing protection and unity in the post-war era. Above the shield, the word “Liberty” is inscribed.
The reverse side of the coin features a heraldic eagle, which was a common motif in U.S. coinage at the time, surrounded by 5 stars and the inscriptions “United States of America” and “E Pluribus Unum.”
Why the 1868 Shield Nickel is Important
The 1868 Shield Nickel is significant for several reasons:
- Post-Civil War Economy: The coin represents the economic shifts that occurred after the Civil War. As silver coins became scarcer, the U.S. Mint sought to create a new base metal coin that could be mass-produced without relying on precious metals.
- Design Legacy: The design of the Shield Nickel influenced later U.S. coin designs, particularly the later Indian Head and Buffalo Nickels.
- Rare Varieties: The 1868 Shield Nickel was produced in several mints, with some mints producing fewer coins than others, making certain varieties rarer and more valuable.
Value of the 1868 Shield Nickel
The value of the 1868 Shield Nickel can vary greatly based on several factors such as its condition, rarity, and mint mark.
In general, well-preserved examples of this coin can command high prices at auctions, especially if they have been graded highly by professional coin grading services like PCGS or NGC.
Value by Condition
| Condition | Value Range |
|---|---|
| Good (G-4) | $40 – $60 |
| Fine (F-12) | $60 – $150 |
| Very Fine (VF-20) | $200 – $500 |
| Extremely Fine (EF-40) | $500 – $1,000 |
| Uncirculated (MS-60 and higher) | $1,000 – $3,000+ |
The value can increase significantly for coins with rare mint marks like CC (Carson City) or S (San Francisco), as these are much rarer than the Philadelphia mint version.
Why Collectors Value the 1868 Shield Nickel
- Historical Significance: As a coin produced after the Civil War, the 1868 Shield Nickel is a symbol of the nation’s recovery and the need for new currency solutions.
- Rarity: Some mint marks, such as the Carson City mint, are especially rare, which makes these coins highly sought after by collectors.
- Design: The unique design of the Shield Nickel gives it aesthetic appeal, making it not only valuable but also a desirable piece for any coin collection.
The 1868 Shield Nickel is a coin of immense historical value, representing a pivotal moment in U.S. history. Whether you are a seasoned collector or a beginner, owning a well-preserved example of this coin is a valuable investment.
From its unique design to its historical context, the 1868 Shield Nickel serves as a testament to the changes in U.S. currency following the Civil War.
If you come across one of these rare coins, it could be worth significantly more than its face value—especially if it’s in excellent condition or has a rare mint mark.
What is the most valuable version of the 1868 Shield Nickel?
The most valuable 1868 Shield Nickel is the Carson City (CC) mint mark version, which can fetch up to $3,000 or more depending on its condition.
How can I tell if my 1868 Shield Nickel is rare?
Look for the mint mark on the reverse side of the coin. Coins with CC (Carson City) or S (San Francisco) mint marks are rarer than those from Philadelphia and are usually worth more.
How should I store my 1868 Shield Nickel to preserve its value?
To preserve its value, store your 1868 Shield Nickel in a coin holder, such as a soft case or capsule, and keep it in a cool, dry place away from sunlight and humidity.
