Lot 328
1867. Rays. NGC graded MS-64. CAC. PQ. Nice light golden toning. After the initial designs of the Shield nickel were accepted, the Philadelphia Mint ran into production problems in that the use of nickel in the planchets (only 25%, but enough to notice) was causing the dies to crack and chip abnormally fast. This was caused by the hardness of the nickel alloy, which resisted the striking process with its density that worked against the dies. The designer knew that by reducing the complexity of the devices would make these easier to strike, so the Rays around the 5 were eliminated. The dies still cracked rapidly, but not as much as before, so this created the With Rays type coins produced only in 1866 and part of 1867. Housed in an Old Style Holder. Pop 191; 70 finer at NGC. Estimated Value $700 - 750
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| Realized $990 |
