Lot 2643
1873 Shield Nickel. Open 3. PCGS graded MS-65. Well struck with nice light gold toning. The Coinage Act of 1873 changed the United States policy with respect to silver. Before the Act, the United States had backed its currency with both gold and silver, and it minted both types of coins. The Act moved the United States to the gold standard, which meant it would no longer buy silver or mint silver coins from the public on demand, but instead only from approved (that is, politically connected) Western mine owners. Pop 37; 8 finer (PCGS # 3800) .
Estimated Value $2,100 - 2,200.
The Coltrin Family Collection.
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| Realized $1,495 |
