Proof Mintage
1882 Shield Nickel
The Protect Nickel was created in the aftermath of the Civil War. [Two] occasions occurred that made the coin necessary. First, the Civil Conflict had prompted hoarding of all silver and gold coins. Because of the lack of circulating coinage throughout the struggle, the federal government started issuing fractional foreign money to make sure that commerce may continue. Even after the Civil Struggle, folks have been reluctant to spend their “exhausting” money and the very unpopular fractional forex or “shinplasters” as they were referred to as continued to circulate. In consequence, the mint was looking for a way to get coinage again into circulation. The final affect was Joseph Wharton, the operator of a large nickel mining concern and a very influnincial particular person with members of Congress. He had been promoting the use of nickel in coinage for a number of years. Although the mint director, James Pollock, was initially against utilizing nickel in coinage because of the difficulty of producing coins from the very arduous and brittle metal. He finally submitted to the general public pressure to offer an alternative choice to the fractional currency and the private lobbing of the nickel mining industry.
Type Information
The basic kind coin collector will normally get hold of one instance of the Defend Nickel.
For the specialized sort coin collector [two] major varieties of the Shield Nickels have been minted, one with rays on the reverse and one without. From 1866 till 1867 rays had been used on the reverse of the cash to separate the 13 stars. During 1867 the rays had been removed.
Collector Points
Nickel was very difficult for the mint to work with because of the hardness of the metal. The coins continually broke dies and mint machinery. Because of this, the Shield Nickels are sometimes poorly struck. Coins with sharp particulars are rather more troublesome to search out and are often bought for far more than the values listed within the various price guides.
Shield nickels were struck solely at the Philadelphia Mint, and more than 126 million were produced from 1866 until 1883. The 2 rarest dates are 1877 and 1878, when solely proofs have been produced. Among enterprise strikes, the years 1879-1881 are low mintage dates and price massive premiums in all grades. There are [two] overdates: the proof 1879/eight and the 1883/2 enterprise strike.
Proofs have been struck every year and embrace probably the most necessary nineteenth century rarities. Only 25 items are believed to have been struck for the 1867 Protect Nickel with rays.
Investor Information
The Protect Nickel is primarily collected by type. Very few collectors will try a date collection. In consequence, variances in mintage create only minor changes in value.
Also, due to its status as minor coinage produced in a base metallic its attraction is considerably limited. Further, the design is utilitarian at best hast not helped its collectability. As the charts present, prices are relatively steady until the very best graded in both mint state and proofs are considered. This collection is finest described as a worthwhile part of a kind collection and a steady investment that may move up and down in value with the coin market in general.
At Valueincoins.com find information regarding 1867 shield nickel, 1883 shield nickel, and shield nickel with rays.
AAYN Episode 27: 1875 Proof Silver Trade Dollar, Toned
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