Noteworthy Choice Mint State 1880 Shield Nickel
Rare Low Mintage Issue
1880 Shield Nickel. MS-64 (PCGS).
A beautiful and rare example to represent this challenging circulation strike issue. This is a highly lustrous satin textured coin with delicate pinkish-silver overtones. Sharply struck over all design elements, to include the star centrils on the reverse, this well composed and attractive example is highly recommended for inclusion in a top flight Shield nickel set. The 1880 is the undisputed key date issue in the circulation strike Shield nickel series with only 16,000 pieces produced, a total so small that some readers might question why the Mint bothered to strike any at all. There was clearly no need for new nickel five-cent pieces in commerce that year, and there was already a precedent for Proof-only issues produced under similar circumstances in 1877 and 1878. It was precisely to avoid creating additional Proof-only rarities, however, that Mint Director Archibald Loudon Snowden ordered a small delivery of circulation strike nickels in 1880. This practice explains the similarly low mintage circulation strike dimes, quarters and half dollars of 1880, none of which were required to meet the actual needs of commerce. According to R.W. Julian (as quoted in Q. David Bowers' A Guide Book of Shield and Liberty Head Nickels, 2006): Snowden specifically asked the Mint Bureau and Treasury for permission to strike limited runs of nickels and three-cent pieces [in 1880] so that collectors of small means, and those needing coins for presents, could obtain them. Applicants were limited to two pieces each, however. Fortunately for today's collectors of more modest means, enough 1880 Proofs (mintage 3,955 pieces) have survived that high grade nickels of this date are obtainable with ease. For the advanced numismatist specializing in the Shield nickel series, however, a circulation strike 1880 will need to be acquired for their collection to be truly complete. As one of the finest certified survivors from an issue that is elusive in all grades, this remarkable piece will play an important role in a PCGS Registry Set or any other collection in which it is included.
PCGS# 3810. NGC ID: 276E.
PCGS Population: 6; 9 finer (MS-66 finest).
The Reich Family Collection.