The 1868 Shield Nickel is a fascinating coin for both beginner and seasoned collectors. Struck just a few years after the end of the Civil War, this five-cent piece reflects a crucial time in American history. Its bold design, created by James B. Longacre, features a shield symbolizing national unity and strength.
Although millions were minted, finding one in excellent condition today can be rare—and highly valuable. While most circulated coins sell for a modest amount, rare varieties and mint-condition examples can be worth up to $4,250 or more. Error coins, such as overdates and misstrikes, also increase its appeal in the numismatic market.
Whether you’re a history buff, coin collector, or simply stumbled upon this old nickel, understanding its true value could lead to an exciting discovery. In this blog, we break down the coin’s design, value by condition, and what to look for in high-value finds.
History and Design of the 1868 Shield Nickel
The 1868 Shield Nickel holds a unique place in U.S. coinage history, being one of the early five-cent pieces made of copper-nickel instead of silver. Designed by James B. Longacre, the coin features a prominent shield on the obverse side, symbolizing national unity and strength in the years following the Civil War.
Above the shield, a cross and a laurel wreath rest, while the motto “IN GOD WE TRUST” arches at the top. On the reverse, the number “5” is boldly centered within a circle of thirteen stars representing the original colonies, surrounded by the legend “UNITED STATES OF AMERICA” and the denomination “CENTS.”
The 1868 issue was part of the regular series minted between 1866 and 1883. Though not considered rare in general, the 1868 Shield Nickel’s value depends heavily on its condition and variety, with some high-quality or error coins commanding thousands of dollars from collectors.
Mintage and Circulation Details
In 1868, the Philadelphia Mint struck approximately 28,817,000 Shield Nickels, which was a relatively large mintage for the time. This was part of a broader effort by the U.S. Mint to replace silver coins in everyday use, as the country continued recovering from the economic disruption of the Civil War.
The composition of the coin is 75% copper and 25% nickel, making it more durable than earlier silver pieces. Despite the high mintage, many coins from this period experienced poor striking quality, leading to weak details, especially on the shield lines and stars. Coins that display a strong strike and minimal wear are much harder to find and tend to attract a premium in the coin market.
Because these coins were widely circulated, most surviving examples show considerable wear, which significantly lowers their value unless they’re a rare variety or are in mint-state condition.
Value of the 1868 Shield Nickel in Circulated and Uncirculated Grades
The value of an 1868 Shield Nickel largely depends on its condition. In Good (G-4) condition, it typically sells for around $20 to $30, while Fine (F-12) condition examples might fetch between $40 and $70. Coins in Extremely Fine (XF-40) condition can go for $100 to $150, depending on the sharpness of the details.
When it comes to Uncirculated (Mint State) grades like MS-60 to MS-65, values can jump substantially. A well-preserved MS-63 Shield Nickel from 1868 can be worth between $500 and $1,200. Coins graded MS-65 or higher, especially those with full strike and luster, can command prices up to $4,250 or more.
Factors such as strike quality, surface preservation, and eye appeal play a critical role in determining the coin’s market value. Collectors are particularly interested in coins that display clean fields and strong details.
Rare Varieties and Errors That Increase Value
While the standard 1868 Shield Nickel is already collectible, certain varieties and errors can significantly increase its worth. One of the most sought-after varieties is the “1868/7 overdate”, where the numeral 8 was punched over a 7 in the date. This overdate is rare and can fetch high prices, especially in better grades.
Other collectible varieties include misaligned dies, doubled die obverses or reverses, and coins with repunched mintmarks or date digits. These errors are usually the result of the Mint’s early coining technology, which lacked today’s precision. Some error coins from 1868 have sold for several thousand dollars at auctions, especially when certified by top grading agencies like PCGS or NGC.
If you think you have an 1868 Shield Nickel with an unusual feature, it’s wise to get it professionally evaluated. Such rare features can turn an ordinary $30 coin into a treasure worth over $4,000.
Tips for Collectors and Buyers
If you’re looking to buy or sell an 1868 Shield Nickel, there are a few key tips to keep in mind. First, always check for strong details, especially in the shield lines and stars, as these areas often wear out quickly. Coins with sharp, well-defined lines are far more valuable. Also, be cautious of cleaned or altered coins, which can look shiny but are worth much less to collectors.
It’s recommended to purchase coins that are certified by reputable grading companies like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation), as this ensures authenticity and provides an accurate grade. When buying online or at auction, make sure you’re working with trustworthy dealers or platforms.
For sellers, knowing your coin’s variety and grade can significantly increase your return. Even a circulated coin might be a rare error worth a premium if evaluated properly.
Bottom Line
The 1868 Shield Nickel is more than just an old five-cent coin—it’s a collectible piece of American history. Most circulated examples are valued between $20 and $150, but rare varieties or mint-condition coins can reach $4,250 or more. If you have one, especially with unusual features like overdates or doubling, it’s worth getting it professionally appraised.
Coin collectors value these nickels for their historical significance and scarcity in higher grades. Whether buying or selling, knowing what to look for ensures you get the best value. Always check for clear details, rare errors, and certified grading.
FAQs
What is the 1868 Shield Nickel made of?
It is composed of 75% copper and 25% nickel, giving it a distinctive silver-gray color and extra durability.
How much is an 1868 Shield Nickel worth today?
Depending on condition, values range from $20 in worn condition to over $4,000 for rare or uncirculated examples.
Are there any rare varieties of the 1868 Shield Nickel?
Yes, rare types like the 1868/7 overdate or doubled dies can fetch premium prices from collectors.
Where can I sell an 1868 Shield Nickel?
You can sell through coin dealers, auctions, or online platforms, but certified coins often attract the highest offers.
