1883 Proof Shield Nickel
Strike Type
Coin Details
Value Estimates
Values as of May 2026 — estimates reflect typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.
Auction Record
$8,050 PR68 05-25-2005 American Numismatic Rarities
Description
The 1883 Proof Shield Nickel is a proof nickel struck at the Philadelphia Mint, part of the Shield Nickels 1866-1883 series. With a mintage of 5,419, this is a rare issue — the higher-mintage of the two mint variants, representing 0% of production. The obverse features a large Union shield with a motto ribbon and crossed arrows behind it and the reverse displays a large numeral 5 within a circle of stars, without rays. Struck during the Gilded Age of rapid industrialization and the great silver debates, when monetary policy shaped elections and economic destiny. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $468. Struck in 75% copper, 25% nickel, weighing 5 grams, 20.5 mm in diameter, with a plain edge. Cataloged as PCGS #3838.
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