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Tuesday, August 28, 2012

1867-(P) No Rays Shield Nickel!


Yes, this counts as a $0.05 coin in my series. I bought this coin that is worth $20.00 for $15.00 2-3 weeks ago. Going back even further to 1867 you'll see that there were two types of nickels minted that year. One had rays between the stars and the other didn't. The one with rays was the original design struck in 1866 and some of 1867, but the rays were taken out of the design when only a little over 2 million were struck. After the slight design change was made, 28 million 1867 rayless nickels were made. With the nickels with rays having a substantially smaller mintage, they are worth $15.00 more than the ones without rays like mine. When both are in G-4 (Good-4), that is.

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