The 1868 Shield Nickel is a classic piece of American numismatic history, known for its distinctive design and significance as one of the first nickel coins produced by the United States Mint. Graded MS62 by NGC, this particular coin stands out with its remarkable shine and strong strike, making it an attractive piece for collectors.
Key Features:
- Year: 1868
- Mint: Philadelphia
- Denomination: 5 cents (Shield Nickel)
- Composition: 75% copper, 25% nickel
- Grade: MS62 (Mint State 62) by NGC
- Special Features: Gorgeous shine, great strike
Design Details:
- Obverse: The obverse of the coin features a prominent shield at the center, flanked by a wreath on either side and a cross at the top. The motto “IN GOD WE TRUST” is inscribed above the shield. This design, created by James B. Longacre, symbolizes the strength and unity of the nation.
- Reverse: The reverse showcases a large numeral “5” surrounded by 13 stars, representing the original colonies, with the inscription “UNITED STATES OF AMERICA” and “CENTS” around the edge.
Visual and Physical Characteristics:
- Gorgeous Shine: The coin exhibits a brilliant luster, indicative of its well-preserved condition. This shine is a result of the coin’s metallic composition and the care taken in its preservation over the years.
- Great Strike: The MS62 grade from NGC reflects a coin that has a sharp strike, meaning the design details are well-defined and clear. This is particularly important for Shield Nickels, as weak strikes are common in this series.
Historical Significance:
The Shield Nickel was introduced in 1866 as the first 5-cent coin made of a copper-nickel alloy, replacing the earlier half dime which was struck in silver. Its introduction was part of a broader effort to move away from silver coinage in everyday transactions.
Collectibility and Rarity:
- Condition: An MS62 grade indicates a coin that is in mint state with minor imperfections, such as small marks or slight abrasions, but still retains much of its original mint luster.
- Popularity: Shield Nickels are popular among collectors due to their historical significance and unique design. The 1868 issue is one of the earlier years in the series, adding to its desirability.
- Market Demand: Coins with attractive luster and strong strikes are particularly sought after, as they present better visual appeal and detail.
Investment Potential:
- Numismatic Value: While not among the highest grades, an MS62 Shield Nickel still commands a premium over lower-graded examples, especially when it has eye-catching luster and a strong strike.
- Historical Interest: Coins from the Reconstruction Era, such as the 1868 Shield Nickel, often have added historical interest that can enhance their appeal and value over time.
Conclusion:
The 1868 5c Shield Nickel graded MS62 by NGC is a beautiful example of early American nickel coinage. Its gorgeous shine and strong strike make it an attractive piece for both novice and experienced collectors. As an early issue in the Shield Nickel series, it holds historical significance and represents an important period in U.S. numismatic history. This coin’s combination of eye appeal and condition ensures that it will be a valued addition to any collection.
