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The Liberty V Nickel of 1891 is a significant piece of American numismatics, reflecting the characteristics and aesthetics of late 19th-century coinage. As part of the Liberty Head series, this coin offers a glimpse into the economic and artistic elements of its time. Minted to replace the earlier Shield Nickel, the Liberty V Nickel series, including the 1891 issue, played a crucial role in the evolution of U.S. coinage. The series was introduced in 1883, featuring a design by Charles E. Barber, the Chief Engraver of the U.S. Mint, and was produced until 1912. The 1891 coin holds particular interest for collectors due to its place within this series and its historical context.
The historical backdrop of the 1891 Liberty V Nickel is marked by a period of economic stability and growth in the United States. The country was emerging from the economic turmoil of the late 19th century, including the effects of the Panic of 1893. During this time, the economy was stabilizing and beginning to expand, with advancements in industrial technology and infrastructure development. The Liberty V Nickel was introduced as a practical solution to replace the previous Shield Nickel, which had faced issues with public acceptance and wear. The 1891 Liberty V Nickel, therefore, represents a time of transition and progress in American coinage.
The design of the 1891 Liberty V Nickel is characteristic of the Liberty Head series. On the obverse, the coin features a profile of Liberty, adorned with a coronet inscribed with the word "LIBERTY." Surrounding Liberty’s portrait are thirteen stars, which symbolize the original thirteen colonies of the United States. The reverse side of the coin prominently displays the Roman numeral "V," indicating the denomination of five cents. This numeral is surrounded by the inscriptions "UNITED STATES OF AMERICA" and "FIVE CENTS," enclosed by a laurel wreath that adds a touch of sophistication to the design. Charles E. Barber’s design aimed to combine both functionality and aesthetic appeal, resulting in a coin that was both practical for circulation and pleasing to the eye.
The 1891 Liberty V Nickel was minted at the Philadelphia Mint, which was the primary facility responsible for producing this series of coins. The total mintage for the 1891 issue was approximately 4,328,000 coins. This relatively high mintage reflects the coin's role in daily transactions and its acceptance among the public. The production figures indicate that the 1891 Liberty V Nickel was a common sight in circulation during its time, contributing to its historical significance as a widely used piece of American currency.
In terms of condition, a Liberty V Nickel from 1891 in Fine grade exhibits moderate wear while retaining most of its design details. Coins in Fine condition will display signs of circulation, including wear on the high points of the design and some surface imperfections such as scratches or small dings. Despite this wear, the essential features of Liberty’s profile and the Roman numeral "V" on the reverse should remain visible and recognizable. Fine-grade examples of the 1891 Liberty V Nickel offer collectors a tangible connection to the coin's history and usage, providing insight into how it was handled and preserved over the years.
Overall, the 1891 Liberty V Nickel stands as a noteworthy example of late 19th-century American coinage. Its design, created by Charles E. Barber, captures the artistic and functional considerations of the era. The coin’s mintage and historical context highlight its importance as a widely circulated and practical piece of currency. In Fine condition, the 1891 Liberty V Nickel remains a valuable collectible, representing a link to a dynamic period in American history and the ongoing evolution of its coinage system.