The 1873 Shield Nickel is a special piece of U.S. coin history. One of its standout variations is the “Open 3,” which refers to the shape of the numeral “3” in the date. This unique design difference makes the 1873 Shield Nickel an exciting find for coin collectors. In this article, we’ll dive into the history, features, and value of the 1873 Shield Nickel with the Open 3 design, helping you understand why it’s so sought after.
What Is the Shield Nickel?
The Shield Nickel was the first five-cent coin made of nickel and copper, introduced in 1866. It features a shield on the front (obverse) symbolizing strength and unity. On the back (reverse), it has a large “5” surrounded by stars. The Shield Nickel was minted until 1883 when it was replaced by the Liberty Head Nickel. Among the coins minted in 1873, the “Open 3” design is particularly notable.
Key Features of the 1873 Shield Nickel: Open 3
Feature | Description |
---|---|
Year | 1873 |
Design Type | Open 3 |
Material | 75% copper, 25% nickel |
Diameter | 20.5 mm |
Weight | 5 grams |
Value Range | $30 to $1,000+, depending on condition |
What Is the “Open 3” in the 1873 Shield Nickel?
In 1873, the design of the numeral “3” in the date was changed from a closed to an open style. The Open 3 version has wider gaps in the loops of the number “3,” which makes it easier to distinguish. This small change creates a significant difference in value for collectors, as the Open 3 is often considered rarer than its Closed 3 counterpart.
Why Does the Open 3 Design Matter?
- Collector’s Appeal: Variations like the Open 3 make a coin more appealing because they are less common.
- Historical Value: The design change in 1873 reflects a part of U.S. minting history, adding depth to its story.
- Investment Potential: Rare coin varieties like the Open 3 often hold more value, making them a good investment for serious collectors.
How to Identify the 1873 Shield Nickel with Open 3
Identifying the Open 3 design is crucial for determining the value of the coin. Here’s how to spot it:
- Look at the Date: Use a magnifying glass to check the shape of the “3” in 1873. If the loops of the “3” are open and not tightly closed, it’s the Open 3 version.
- Check for Wear: Make sure the date is clear and easy to read, as coins with visible dates are more valuable.
- Inspect for Damage: Avoid coins with major scratches or dents, as these can lower their value.
Value of the 1873 Shield Nickel: Open 3
The value of a 1873 Shield Nickel with an Open 3 design depends on its condition and rarity. Below is a general guide to the coin’s value:
Coin Condition | Estimated Value Range |
---|---|
Good (G-4) | $30 – $75 |
Very Fine (VF-20) | $100 – $200 |
Extremely Fine (XF-40) | $250 – $500 |
Uncirculated (MS-60) | $800 – $1,000 or more |
Factors That Affect the Value
- Condition: Coins in better condition are worth more. Look for coins with less wear.
- Rarity: The Open 3 is rarer than the Closed 3, making it more valuable.
- Grading: Professional grading services can help verify the coin’s authenticity and condition, which can increase its market value.
Where to Buy or Sell a 1873 Shield Nickel: Open 3
If you are looking to buy or sell a 1873 Shield Nickel with the Open 3 design, here are some options:
- Local Coin Dealers: They can help determine the value and may offer to buy or sell the coin.
- Online Auctions: Websites like eBay and Heritage Auctions have listings for rare coins.
- Coin Shows: These events are great for meeting other collectors and finding rare coins like the 1873 Open 3.
- Grading Services: Having your coin graded by services like PCGS or NGC can increase its appeal to potential buyers.
Conclusion
The 1873 Shield Nickel with the Open 3 design is a fascinating piece of history that offers both historical and monetary value. Its unique design and rarity make it a popular choice for collectors. If you have one or are considering adding one to your collection, understanding its features and market value can help you make the most of this collectible coin. Always handle your coins carefully and store them properly to maintain their value over time.
FAQ’s
Q1: What is the Open 3 on the 1873 Shield Nickel?
A1: The Open 3 refers to a design variation in which the numeral “3” in the date 1873 has open loops, making it different from the Closed 3 version.
Q2: How rare is the 1873 Shield Nickel with Open 3?
A2: The Open 3 design is rarer than the Closed 3, making it more valuable among collectors.
Q3: How can I tell if my 1873 Shield Nickel is an Open 3?
A3: Look closely at the “3” in the date using a magnifying glass. If the loops are open, it’s an Open 3.
Q4: What is the value of an 1873 Shield Nickel with Open 3 in good condition?
A4: In good condition (G-4), an Open 3 Shield Nickel can be worth between $30 and $75.
Q5: Where is the best place to sell an 1873 Open 3 Shield Nickel?
A5: You can sell it through local coin shops, online auction sites like eBay, or at coin shows where you can meet other collectors.