1870-P (Philadelphia) Shield Nickels

Coin / United States of America / 1870 / Philadelphia / Shield Nickels / 5¢ (Five Cents, Nickel, Half Dime)

The coin in question is a Shield Nickel, specifically from the year 1870, produced at the Philadelphia Mint, denoted by the 'P' mint mark. This coin is part of a series that was first introduced in 1866 and was the first five-cent piece to be minted in copper-nickel. The 1870 Shield Nickel is known for its unique design featuring a shield with a central motif, surrounded by the words "ONE CENT" on the reverse side, symbolizing strength and unity. With a weight of 5 grams, a diameter of 20.5 millimeters, and crafted from a copper-nickel alloy, this coin carries a face value of 5 cents but can hold a significantly higher collectible value depending on its condition. Its mintage stands at a notable 4,806,000 pieces, contributing to its availability, but the grade and condition of the individual coin greatly influence its market value. Although the physical dimensions include a width and height of 0, as commonly listed for circular coins, its collectible worth is determined primarily by its condition—ranging from well-circulated (low grades) to uncirculated or proof condition (high grades). As a piece of numismatic history, the 1870 Shield Nickel represents an important era in American coinage, and collectors often seek it for both its historical significance and its place in the evolution of U.S. currency. Given its properties and the relatively high mintage, the coin can be priced variably based on its preservation, typically ranging from a few dollars for heavily worn examples to several hundred dollars for those in uncirculated or higher grades.