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PCGS COINS

Nickels

The Five-Cent coin was first authorized by the Act of April 2, 1792, that was

passed by Congress. However, this coin was known as a Half Dime and was

struck in silver until 1873. In 1866, the U.S. Mint introduced a new type of

Five-Cent coin – a larger coin struck in .750 copper and .250 nickel that soon

became known as a Nickel. As a result, between 1866 and 1873, there were

two different types of Five-Cent coins in circulation, the Silver Half Dime and

the Nickel.

The first Nickel in 1866 was the Shield Nickel. The obverse of this coin features

a shield, while the reverse shows the denomination. In 1883, the Liberty Head

Nickel was struck for the first time. The reverse of the first coins in 1883 had a

large “V” (Roman “5”) but no notation of the word “Cents.” Crooks gold-plated

some of these coins and tried to pass them off as $5 gold coins, which were about

the same size. The U.S. Mint quickly added the word “Cents” under the “V”

to stop the scams.

The next Nickel was the Buffalo Nickel in 1913. This coin is generally regarded

as one of the most beautiful and most purely “American” coins ever made. It

features a Native American on the obverse and a buffalo on the reverse. The

Jefferson Nickel, which honors Thomas Jefferson, replaced the Buffalo Nickel

in 1938. During World War II from 1942 to1945, the Nickel was made in .350

silver to help save nickel for the war effort.

In 2004 and 2005, the U.S. Mint struck the first-ever commemorative Nickels.

Known as the “Westward Journey” Nickels, the four coins (two each year)

celebrated the 200th anniversary of the Lewis and Clark Expedition, which took

place during Jefferson’s Presidency. These commemorative Nickels were issued

for circulation.