If you’re a coin collector or simply curious about rare coins, Shield Nickels deserve your attention. These fascinating coins were minted in the United States from 1866 to 1883 and were the first U.S. five-cent coins made of a copper-nickel alloy. Their unique design, historical significance, and rarity make them highly collectible in today’s market.
Some Shield Nickels are considered true treasures because of their low mintage, minting errors, or excellent condition. As of 2025, collectors are paying top dollar for high-grade examples and rare varieties. Whether you’re new to collecting or a seasoned numismatist, here are the top 10 most valuable Shield Nickels to consider adding to your collection this year.
1. 1867 Shield Nickel with Rays – A True Rarity
This coin is one of the rarest and most valuable Shield Nickels ever made. The “with rays” design was used only briefly in 1867 before being replaced by the simpler “no rays” version due to striking issues.
- Only around 25 proof specimens of the 1867 Shield Nickel with Rays are known to exist today.
- In 2023, a proof coin graded PR-66 sold for $120,000 at auction.
- Its high value comes from its extreme scarcity and its status as a one-year type coin.
If you ever come across this coin in top condition, it’s a jackpot for collectors.
2. 1866 Shield Nickel – The First of the Series
As the first year of the Shield Nickel series, the 1866 issue holds historical importance. It features the original “No Rays” reverse design, which some collectors find more visually appealing.
- An 1866 Shield Nickel in MS-66 condition sold for $95,000 in 2022.
- The coin’s demand is boosted by its debut status and availability in gem condition.
Collectors value this coin not just for rarity but also as a foundational piece of the series.
3. 1871 Shield Nickel – Limited Proof Mintage
In 1871, only 960 proof coins were produced. Today, fewer than 100 specimens are believed to have survived in good condition.
- A PR-66 graded example sold for $85,000 in 2021.
- The low survival rate makes it highly desirable among advanced collectors.
If you’re building a complete proof set of Shield Nickels, this coin is essential and expensive.
4. 1873 Shield Nickel (Closed 3 Variety) – A Collector’s Favorite
This variety is highly popular because of a small but noticeable difference in the numeral “3” in the date. The loop in the “3” is closed rather than open, giving the coin its name.
- Only a limited number were minted before the Mint changed the design.
- A Mint State-65 (MS-65) example sold for $75,000 in 2023.
- Even circulated coins of this variety command high premiums.
Varieties like these offer an exciting twist for collectors seeking something unique.
5. 1868 Shield Nickel – High Mintage, But Rare in Top Grade
With a total mintage of 28.8 million, the 1868 Shield Nickel isn’t particularly rare overall. However, finding it in pristine uncirculated condition is very difficult.
- High-grade examples (MS-66 or higher) are extremely scarce.
- The best examples have sold for $30,000 or more, depending on the condition.
This coin is proof that even common dates can become valuable when preserved well.
6. 1877 Shield Nickel – A Key Date in the Series
The 1877 issue is one of the key dates in the Shield Nickel series. Collectors often target it to complete their set.
- Many examples are found in poor condition, making mint state coins very rare.
- In MS-65 condition, the coin can be worth upwards of $40,000.
Its low availability in top grades makes it a hot item in auctions.
7. 1880 Shield Nickel – Extremely Low Mintage
The 1880 Shield Nickel has an extremely low mintage, with just 16,000 coins struck for circulation.
- Proofs were also made that year, but the circulating coins are very rare.
- A high-grade MS example can bring $50,000 or more at auction.
Because of its scarcity, this coin is often missing from even advanced collections.
8. 1879 Shield Nickel – Another Low Mintage Year
Similar to 1880, the 1879 coin had very low mintage, estimated at around 29,000 coins. That makes it hard to find today, especially in high grades.
- Mint state coins can easily sell for $30,000 to $40,000.
- Its scarcity and age make it a must-have for serious Shield Nickel enthusiasts.
9. 1881 Shield Nickel – Tough to Find in Any Grade
The 1881 Shield Nickel is not as well-known as other rare dates, but it is still very tough to find. Its limited mintage and lack of high-grade survivors make it valuable.
- In MS condition, these coins regularly sell for $20,000 or more.
- Many examples are damaged or heavily worn, increasing demand for clean specimens.
10. 1882 Shield Nickel – A Hidden Gem
The 1882 issue is the second-to-last year of the Shield Nickel series, and it’s not often seen in the marketplace.
- High-grade examples can sell for $15,000 to $25,000, depending on rarity and condition.
- It’s a strong choice for collectors looking to complete the later part of the series.
Why Shield Nickels Are Popular Among Collectors
Shield Nickels are a favorite among collectors for many reasons:
- Historical Significance: They were the first five-cent coins made from nickel and copper.
- Design Appeal: The shield and stars motif is unique and symbolic.
- Short Series: With only 18 years of production, it’s possible (but challenging) to collect a full set.
- Varieties and Errors: Many different varieties exist, adding interest and value.
Collectors often look for proof versions, high mint state grades (MS-65 and above), and rare date varieties. The market for Shield Nickels has been steadily growing, and some prices have doubled in the past decade.
Final Tips Before You Buy
If you’re planning to invest in or collect rare Shield Nickels:
- Buy from reputable dealers or auctions – Avoid fakes and over-graded coins.
- Get coins graded by professional services like PCGS or NGC – Grading affects value significantly.
- Do your research on varieties and pricing before spending big money.
Rare coins can be exciting and profitable, but only if you make informed decisions.
Conclusion
Shield Nickels are more than just old coins they are pieces of American history that continue to shine in the world of numismatics. In 2025, several key dates and varieties are commanding high prices and strong demand from collectors. Whether you’re just starting or building a world-class collection, these valuable Shield Nickels can be both a rewarding passion and a smart investment.
FAQs
What Makes Shield Nickels So Valuable to Collectors?
Shield Nickels are prized for their unique design, short production span, historical importance, and the rarity of certain dates and varieties.
Which Shield Nickel Is the Rarest and Most Expensive?
The 1867 Shield Nickel with Rays (proof version) is the rarest, with only about 25 known examples, and can sell for over $120,000.
How Can I Identify a Rare Variety Like the 1873 Closed 3?
Look closely at the shape of the “3” in the date — if the loop is closed, it’s the rare Closed 3 variety, which is worth a premium.
Are High-Grade Shield Nickels Difficult to Find?
Yes, especially in Mint State (MS-65 or higher), making them significantly more valuable than worn or circulated examples.
Should I Get My Shield Nickels Professionally Graded?
Yes, professional grading by services like PCGS or NGC ensures authenticity and maximizes the coin’s market value.
