The 1883 Shield Nickel is a part of the first series of nickels issued by the U.S. Mint, which was introduced in 1866 to replace the older half-dime.
The 1883 version is particularly notable for being produced in proof quality, with the coins designed for collectors rather than circulation.
The reverse depicts a large Roman numeral “V”, representing the coin's value of five cents.
The total mintage for the 1883 Shield Nickel was 17,800 proof coins, making it one of the rarer versions of the series.
The 1883 Shield Nickel is composed of 75% copper and 25% nickel, giving it a weight of 5 grams and a diameter of 21.2 mm. This composition is consistent throughout the series.
PR-60 to PR-64: These are lower-grade proof coins, with some visible imperfections, but still retaining most of their original design features.
PR-68 and Higher: Coins graded PR-68 or better can fetch $5,000 to $10,000 or more at auction, depending on the demand and condition.
The 1883 Shield Nickel is the first design in the nickel series and was produced during a transitional time for U.S. coinage. Its design was intended to symbolize strength and unity following the Civil War.