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1867 With Rays Shield Nickel Value

1867 With Rays Shield nickel value guide -- the final Rays-type year, real proof rarity, and grade-by-grade prices.

1867 With Rays Shield Nickel obverse
1867 With Rays Shield Nickel reverse
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Year
1867
Mint mark
None (Philadelphia)
Composition
75% copper, 25% nickel
Mintage
2,019,000

Current value

Grade
Estimated value
Good
$50
Very Good
$61
Fine
$91
Very Fine
$148
Extra Fine
$249
About Unc.
$353
Unc. (MS-60)
$498
Choice Unc. (MS-63)
$721

Note: a full grade-by-grade breakdown for this coin is still being compiled.

Source: USA Coin Book, https://www.usacoinbook.com/coins/852/nickels/shield/1867-P/type-1-with-rays/; proof rarity cross-checked against PCGS CoinFacts and Heritage Auctions (retrieved 2026-08-21)

Why it matters

Widely called the most famous rarity of the Shield nickel series in proof form -- only about 25 proofs are known to survive.

Business-strike mintage (2,019,000) is far lower than the No-Rays variety struck later the same year (28.9 million), making circulated With-Rays examples scarcer too.

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Buying a shield nickel

Condition drives price more than any other factor on a coin like this — two examples of the same date can be worth very different amounts depending on wear and authentication.

Grade before you price it

The value table above is organized by grade for a reason — a coin's condition, not just its date, sets where it lands on that range. If you're not sure how to grade, a seller's photos and description should call it out.

Check for authentication

A professionally graded (PCGS/NGC) example carries more certainty than a raw coin, and usually a small premium for it. Both are fine to buy — just factor grading into the price you're comparing.

Compare a few listings

Prices vary between individual sellers here, not one retailer's price list. Sort by price, check the seller's Metal Points and order history, and message the seller if photos don't show enough detail to grade confidently.

Common questions

About the 1867 With Rays Shield Nickel

How much is a 1867 With Rays Shield Nickel worth?

Value depends heavily on condition. A well-worn example brings closer to $50, while an uncirculated one can reach $721 or more.

What makes the 1867 With Rays Shield Nickel valuable?

Widely called the most famous rarity of the Shield nickel series in proof form -- only about 25 proofs are known to survive.

Should I get it professionally graded?

For anything you believe is a key date or an error, professional grading protects both buyer and seller by settling condition and authenticity before money changes hands.


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