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Denomination:Nickel
The Liberty Head nickel, sometimes referred to as the V nickel because of its reverse design, is an American five-cent piece. It was struck for circulation from 1883 until 1912, with at least five pieces being surreptitiously struck dated 1913. The obverse features a left-facing image of the goddess of Liberty.Industrialist Joseph Wharton, who had interests in nickel mining and production, had been influential in the decision to use the metal in coinage in the mid-1860s, leading to the introduction of the Shield nickel in 1866.The original copper–nickel five-cent piece, the Shield nickel, had longstanding production problems, and in the early 1880s, the United States Mint was looking to replace it. Mint Chief Engraver Charles Barber was instructed to prepare designs for proposed one-, three-, and five-cent pieces, which were to bear similar designs. Only the new five-cent piece was approved, and went into production in 1883. For almost thirty years large quantities of coin of this design were produced to meet commercial demand, especially as coin-operated machines became increasingly popular.Barber’s design for the nickel showed a portrait similar to that eventually adopted for the obverse, with “United States of America” and the date. The reverse featured the required wreath surrounding the “V”, and no other lettering. Barber reworked the design in 1882, adding “E Pluribus Unum” to the reverse. Striking of the new coins began on January 30, 1883, and the Mint placed the first pieces in circulation on February 1. The Enterprising fraudsters plates the V Liberty nickel with gold, which caused consternation at the Mint, and brought production of Liberty Head nickels to a sudden stop. Barber was told to modify his design, which he did, moving other design elements to accommodate the word “cents” at the bottom of the reverse design. The revised nickel was issued on June 26, 1883, the date on which production of the Shield nickel was finally stopped.By 1887, the Mint was overwhelmed by orders, melting down large quantities of older copper-nickel coins to meet the demand. Despite these efforts, the Mint was forced to return many orders unfilled. Demand remained strong until 1894, when the Mint temporarily suspended production as it had accumulated a surplus during the Panic of 1893.In 1900, the design was modified slightly, lengthening some of the leaves on the reverse. This change occurred with the introduction of a new hub, from which coining dies were made. Demand for the coins remained heavy.Mint directors had long called for the authority to strike cents and nickels at all mints; by law they could then only be struck at Philadelphia. On April 24, 1906, this restriction was removed, although the first base metal coins, cents in both cases, were not struck at San Francisco until 1908 and Denver until 1911. In 1912, nickels were coined for the first time at each of the two branch mints. The 1912-S (for San Francisco) nickel was not struck until Christmas Eve, and was only struck for four business days. A 1912-S nickel, one of the first forty coined, was used by former San Francisco Mayor James D. Phelan to pay the first fare on the city’s first streetcar on December 28, 1912. Excluding the 1913 nickel, the 1912-S, with only 238,000 struck, is by far the rarest in the series.Beginning in 1911, the Mint began work to replace the Liberty head design, and a new design, which became known as the Buffalo nickel, went into production in February 1913. Although no 1913 Liberty head nickels were officially struck, five are known to exist. OBVERSE: Head of Liberty with 13 stars around the head, representing the first 13 colonies/states of the United States of AmericaLettering: * * * * * * * * * * * * * LIBERTY 1902Engraver: Charles Edward BarberREVERSE: Large V in center, representing Roman Numeral 5 with wreathLettering: UNITED STATES OF AMERICA E PLURIBUS UNUM V ·CENTS·Translation: United States of America Out of Many, One Five Cents Engraver: Charles Edward BarberEDGE: SmoothDesigner: Charles Edward Barber (1840-1917), was American coin engraver who served as the sixth chief engraver of the United States Mint from 1879 until his death in 1917.Mint: (lack of mintmark) Philadelphia mint, United States Mintage in 1902 31 487 561Country United States Period Federal republic (1776-date)Type Standard circulation coinYears 1883-1913Value 5 Cents Currency Dollar (since 1785)Composition Copper-nickelWeight 4.667 gDiameter 21.2 mmThickness 1.95 mmShape RoundOrientation Coin alignment ↑↓Number N# 3683References KM# 112, Schön# 119
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