1877 5C, CAM PR(PCGS#83831)

1877 5C, CAM PR (PCGS#83831)

March 2020 Baltimore U.S. Coins Auction

详细说明: 1877 Shield Nickel. Proof-67 Cameo (PCGS). Exceptional Superb Gem quality for this eagerly sought date in the Shield nickel series. Dusted with pale silver and gold iridescence, both sides display a boldly cameoed finish. Fully struck with virtually pristine surfaces. While mintage figures of circulation strike nickel five-cent coins were substantial during much of the 1860s and early 1870s, between 1877 and 1881 there was little need for this denomination in commerce, and yearly deliveries dropped accordingly. The reason for this is that in 1876, vast quantities of silver coins that had been hoarded by the public since the spring of 1862 suddenly became available in commerce in quantity. With large numbers of half dimes, dimes, quarters and the like flooding banks and merchants, demand for nickel five-cent pieces plummeted. In 1877, in fact, the Mint limited coinage of Shield nickels to Proofs struck solely for distribution to contemporary collectors; none were issued for circulation. The 1877 nickel three-cent piece is also Proof-only, and the 1877 Indian cent saw a circulation strike mintage of just 852,500 pieces -- the lowest yearly production for this denomination recorded since 1823. PCGS Population: 9; with a single Proof-67+ Cameo finer in this category. PCGS# 83831. NGC ID: 276U. Click here for certification details from PCGS.