1866 5C Rays, DCAM PR(PCGS#93817)

1866 5C Rays, DCAM PR (PCGS#93817)

November 2025 Showcase Auction U.S. Coins

Lot Description: This dazzling Deep Cameo Proof is fully untoned to allow ready appreciation of strong field to device contrast. The fields are exquisitely preserved and deeply mirrored, and they nicely contrast the frosty motifs. Obviously minted with special care, as Proofs usually (not but always!) are, all of the design elements are fully defined.<p>Although a few patterns from the regular issue design were struck in 1865, the 1866 With Rays nickel represents the first year of issue for the denomination, with examples available in both Proof and circulation strike formats. Curiously, at the time of introduction Mint Director James Pollock believed that the nickel five-cent piece would be a short-lived denomination needed only to exchange the hated fractional currency notes (a.k.a. "shinplasters") that had become prevalent during the Civil War. As we know, of course, the nickel five-cent piece continues in production while the half dime was discontinued in 1873. Of the 600 or so Proofs struck in 1866, at least 450 are extant, providing a suitable population to meet less discerning numismatic demand. In the very finest grades, and especially with a Deep Cameo designation from PCGS, the Proof 1866 is a major condition rarity. This is one of the two finest certified by PCGS in their DCAM category, an outstanding specimen worthy of inclusion in the finest cabinet.