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The U.S. Shield Nickel of 1868 in Very Fine (VF) condition is a tangible piece of American history that provides valuable insights into the nation's coinage evolution during the post-Civil War era. The 1868 Shield Nickel emerged during a period of significant transformation in the United States. In the aftermath of the Civil War, the nation sought to stabilize its economy and improve the reliability of its coinage. To address these concerns, Chief Engraver James B. Longacre introduced the Shield Nickel series, which aimed to provide a more durable and distinguishable small denomination coin.
One of the most striking features of the 1868 Shield Nickel is its obverse design, which prominently displays a central shield motif. This shield symbolizes the strength and unity of the nation during the challenging post-Civil War years. Encircling the shield are 13 stars, representing the original 13 states of the Union. This design element pays homage to the country's history and underscores the idea of a united and resilient nation following a period of turmoil.
Notably, the 1868 Shield Nickel does not feature rays between the stars on the obverse, distinguishing it from its predecessor, the 1866 variety. This alteration in design adds to the coin's uniqueness and collector appeal, marking a transitional phase in American coinage.
Flipping the coin to its reverse side, we encounter a wreath composed of a laurel branch and an oak branch. The laurel branch symbolizes victory and honor, while the oak branch represents strength and endurance. Within the wreath, the denomination "5 CENTS" is boldly inscribed, leaving no room for ambiguity regarding the coin's value. Additionally, the year of issue, "1868," is positioned at the bottom, firmly establishing the coin's place in history.
The choice of a five-cent denomination was crucial during this period, as it was integral to everyday commerce. The Shield Nickel aimed to address the shortcomings of smaller denomination coins by providing a more durable and practical solution for everyday transactions.
Turning our attention to the coin's mintage figures, the 1868 Shield Nickel had a total mintage of 28,817,000 pieces. This substantial mintage reflects the pressing need for a reliable coinage system to meet the demands of a growing nation and a recovering post-Civil War economy. However, it's important to note that despite the high mintage, many of these coins saw extensive circulation and wear due to their everyday use.
Now, let's assess the coin's condition. In Very Fine (VF) grade, the 1868 Shield Nickel exhibits moderate wear consistent with its circulation history. While some wear is evident on the central shield and wreath, the design elements retain significant detail and definition. The inscriptions and major design features remain legible and distinguishable, contributing to the coin's historical significance and aesthetic appeal.
In conclusion, the U.S. Shield Nickel of 1868 in Very Fine (VF) condition is a remarkable numismatic specimen that embodies a pivotal era in American coinage history. Designed as part of a larger effort to stabilize the nation's economy and coinage, this coin features a unique obverse with a central shield and 13 stars. The reverse showcases a laurel and oak wreath with clear inscriptions of denomination and year. With a substantial mintage reflecting the needs of a growing nation and a Very Fine condition that preserves its historical integrity, the 1868 Shield Nickel remains a sought-after collectible and a testament to the resilience of the United States Mint during a transformative era.