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HomeUS Coins1883 Liberty Head Nickel, Without Cents : A Collector's Guide

1883 Liberty Head Nickel, Without Cents : A Collector’s Guide

1883 Liberty Head Nickel - Without Cents. Image: CoinWeek / Stack's Bowers.
1883 Liberty Head Nickel – Without Cents. Image: CoinWeek / Stack’s Bowers.

By Charles Morgan and Hubert Walker for CoinWeek Notes …..
 

The Liberty Head Nickel–or “VNickel, as it’s more commonly known–was the second design style of the United States five-cent nickel coin. The design by Chief Engraver Charles E. Barber was a modest improvement over James B. Longacre’s Shield Nickel, which had entered production in 1866 and served the nation for 17 years.

Snowden Sought to Remake More Than Just the Nickel

In 1881, United States Mint Director James Ross Snowden decided to unify the designs of the one-cent, three-cent, and five-cent coins. The cent and five-cent coins circulated widely, but the Three-Cent Nickel, which debuted in 1865, was declining in popularity. After two Proof-only issues in 1877 and 1878, more than a million pieces were struck in 1881. This would be the final year that the denomination experienced a mintage over 42,000 pieces.

1881 minor coin patterns for the one-cent, three-cent, and five-cent coin denominations. Images: Stack's Bowers / Heritage Auctions.
1881 minor coin patterns for the one-cent, three-cent, and five-cent coin denominations. Images: Stack’s Bowers / Heritage Auctions.

Barber created Liberty Head designs for all three denominations, and patterns were struck later that year. However, Snowden was unable to implement his desired design alterations for the cent and the Three-Cent Nickel, so only the Five-Cent Nickel design ever saw full production.

Inspired by the Morgan Dollar

Barber’s design was heavily influenced by George T. Morgan’s silver dollar obverse, which entered production in 1878. Comparing the two designs side by side is unflattering to the Barber Nickel; whereas Morgan’s Liberty is naturalistic and full-bodied, Barber’s Liberty is set at a slightly farther distance and is flat and lifeless.

Left: Barber’s Liberty Head design. Center: Liberty Head design with lines. Right: Morgan’s dollar design. Image: Stack’s Bowers / CoinWeek

Another element of the design that is interesting to note is Barber’s use of straight lines and how that differs from the Morgan Dollar design. The top of Liberty’s diadem cuts a straight 45-degree angle pointing downward. Liberty’s chin, a 30-degree angle pointing downward. And Liberty’s bust truncation cuts a straight 12-degree angle pointing up. This is likely an over-analysis on our part, but compared to the curved bust truncation, curved diadem, and bulbous chin line of Morgan’s design, it’s no surprise that many feel Barber’s bust portrait comes across as lackluster.

Production History, Release, and Problems

Barber’s effort to redesign the nickel five-cent coin did not escape bureaucratic interference. In December 1882, after two years of refining his concept and believing that he had finished his work, Barber sent the designs to Mint Director Horatio Burchard for review, with the expectation that he and Treasury Secretary Charles Folger would quickly approve the designs.

The designs he sent featured the familiar left-facing bust portrait of Liberty with UNITED STATES OF AMERICA inscribed around the rim with the date below the bust truncation. The reverse featured a large Roman “V” surrounded by a vegetal wreath, with E PLURIBUS UNUM inscribed above.

Instead of accepting them, Folger, whom researcher R.W. Julian calls a stickler for the letter of the law, rejected the designs. Folger objected to the placement of the inscriptions and directed the Mint to adjust the design so that it would satisfy the language of the Coinage Act of 1873. Folger specifically stipulated that LIBERTY and the date appear on the obverse and that the legend UNITED STATES OF AMERICA, the motto E PLURIBUS UNUM, and the coin’s denomination appear on the reverse.

On December 20, Mint Superintendent Archibald Loudon Snowden wrote to appeal Burchard’s decision, arguing that the Treasury Secretary had misinterpreted the law and that the proposed design did not violate it. Folger made quick work of Snowden’s appeal and ordered the change. The Treasury did approve the design motif, however.

On January 4, the Philadelphia Mint sent revised designs for the Liberty Head “V” Nickel to Washington, D.C. for review by Mint Director Burchard and Treasury Secretary Folger. Mint Director Burchard responded on January 8, informing the Mint that the revised designs had been approved and that production of the new design could begin.

An original bag of 1883 Liberty Head nickels. This sensational find was offered by Heritage Auctions at its 2018 CSNS Signature Auction.
An original bag of 1883 Liberty Head nickels. This sensational find was offered by Heritage Auctions at its 2018 CSNS Signature Auction, where it sold for $9,600.

The nickel was initially released without the word CENTS inscribed on the reverse. This type has been referred to as “Type 1”, “Without Cents”, or, as in the 1908 B. Max Mehl publication Numismatic Monthly, “Centsless”. The Roman numeral “V”, coupled with the nickel planchet (similar in composition but slightly larger than the Shield Nickel it replaced), was supposed to inform users of its value. It’s worth noting that the three-cent pieces struck in silver billon and nickel also did not include the denomination, and there was no apparent problem arising from their use. It is also debatable whether the initial design was in violation of Section 3517 of the Revised Statutes of the United States, which specify that the reverse of coins issued by the Mint must bear “designation of the value of the coin.”

A commencement ceremony was held on January 30 to mark the start of the new coinage. The first business strike was sent to President Chester Alan Arthur. Additional strikes were presented to various dignitaries. Regular coinage began on February 1.

No Cents Nickels Cause Headache for the Treasury, the Mint, and Everyone Else

Within a short time of the 1883 Liberty Head Nickel’s release, stories began to circulate around the country of people gilding the new coins and passing them as five dollar gold pieces.

A name that is commonly thrown around in relation to this issue is Josh Tatum, a supposed deaf-mute con artist from Boston, Massachusetts. According to legend, Tatum had 1,000 nickels plated and passed them for gold coins as he made his way from Boston to New York. As far as we can tell, no solid information has ever been presented to corroborate this tale. There is no census information, no criminal records, nor any contemporaneous newspaper accounts of the many supposed Tatum swindles. Yet, the story persists and is often cited in auction catalogs whenever an 1883 Liberty Head Nickel is offered for sale.

The gold-plating issue was a real concern, however.

As Lianna Spurrier writes in her CoinWeek article “Fact of Myth: Racketeer Nickels“, the U.S. Secret Service had immediate misgivings about the coin’s design and put out a press release nine days after the coin’s release calling the Mint’s new nickel “dangerous” and suggesting that criminals could apply “a thin plating [that] would enable persons to pass them off in some places as gold coins of a new issue.” Given that the Secret Service had primary jurisdiction over fighting financial crimes and threats to America’s money, this was a significant step.

Word of this concern, and possibly too, isolated cases of plated coins being passed as gold coins spread throughout the country. A. Loudon Snowden, the Superintendent of the Philadelphia Mint travelled to Washington to defend the design, pointing to the similarity of the new five cent coin to the circulating three-cent coin. Both denominations used roman numerals and neither design denoted the word CENTS. Snowden’s argument proved unconvincing and in early March, work began on a new reverse die that would include the word CENTS.

How Much Is the 1883 Liberty Head Nickel Without Cents Nickel Worth?

1883 Nickel in Fine-12 Condition. Image: svassociates / eBay

The 1883 Without Cents Nickel is an affordable classic U.S. coin that should fit within the budget of every collector. In circulated condition, the coin will cost between $2.00 (for the Fine-12 example above) to about $25 USD for a Choice About Uncirculated example. About Uncirculated coins are coins that feature all of the design elements but exhibit traces of wear or cabinet friction.

A large number of “Without Cents” Nickels were hoarded by collectors and speculators while the Government endeavored to withdraw them from circulation, this is largely the reason why the coin is one of the most affordable issues in the series in Mint State.

In Uncirculated grades, the coin’s value quickly jumps to $100 for an example in MS63 and $250 for a coin in MS65.

PCGS and NGC have combined to grade a few thousand examples at the Gem level. CAC has approved slightly more than 300 at MS65 and MS66. The coin becomes “investor” grade once you climb to the Superb Gem level of MS67. Here, the availability of coins drops dramatically.

At the time of this publication (late November 2023), NGC reported only 76 grading events at this level (eight being plus grades) and none finer. PCGS likewise shows a low double-digit population at MS67, with 52 making the base grade and 15 earning a plus. There are outliers in the auction records, but the typical example in MS67 has sold for $1,200 to $1,400. In the plus grade, there is a disparity between auction records for coins in NGC and PCGS holders. The NGC examples typically bring about $2,400; the PCGS coins can bring $5,000 or more, depending on the coin and the venue.

Design

Obverse:

The Liberty Head Nickel was designed by Charles E. Barber, who is the namesake behind the Barber (officially “Liberty Head”) Dime, Quarter, and Half Dollar; some hobbyists have similarly dubbed the Liberty Head Nickel as the “Barber” Nickel, though this has not been common practice. The 1883 Liberty Head Nickel features a leftward-facing bust of Miss Liberty, whose hair is tied into a bun behind her head. She is crowned with a tiara bearing the inscription LIBERTY. Thirteen stars, representing the 13 original states of the Union, mostly encircle the bust along the obverse rim. At the bottom center of the obverse is the coin’s date, 1883.

Reverse:

While the Liberty Head Nickel may only infrequently be identified as the “Barber” Nickel by hobbyists, the coins do have one widely popular nickname: the “V” Nickel. The “V” refers to the large Roman numeral “V” that anchors the reverse design and indicates the coin’s denomination of five cents. The “V” sits within a wreath of cotton, corn, wheat, and tobacco – all important crops representative of different parts of the country. Centered under the wreath is the inscription E PLURIBUS UNUM. No mention is made of the word “cent”. The absence of “cent” was not unusual, as the base metal three-cent nickel and the billon three-cent silver also told of their value using a Roman numeral and did not include the word.

The legend UNITED STATES OF AMERICA wraps around the top three-quarters of the reverse along the rim.

Edge:

The edge of the 1883 Liberty Nickel is plain or smooth, without reeding or lettering.

Designer

Charles Edward Barber was born in London in 1840. He was the son of William Barber, the fifth Chief Engraver of the United States Mint, under whom he worked as an assistant engraver. Upon his father’s death in 1879, Charles Barber became the Mint’s sixth Chief Engraver. The coins he designed during his tenure are collectively known as “Barber coinage” and include the dime, the quarter, and the half dollar. His Liberty “V” nickel is also well-known, as is his supposed feud with engraver George T. Morgan.

Coin Specifications

Country: United States of America
Year Of Issue: 1883
Denomination: Five Cents (USD)
Mintmark: None (Philadelphia)
Mintage: 5,474,000
Alloy: 75% Copper; 25% Nickel
Weight: 5.00 g
Diameter: 21.20 mm
Edge: Plain
OBV Designer: Charles E. Barber
REV Designer: Charles E. Barber
Quality: Business Strike

 

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Sources

Q. David Bowers: https://www.pcgs.com/News/Pedigree-Of-Five-Known-1913-Liberty-Nickels

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CoinWeek Notes
CoinWeek Notes
CoinWeek Notes presents expert analysis and insights from Charles Morgan and Hubert Walker, the award-winning editors of CoinWeek.com.

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6 COMMENTS

    • Not according to sources I’ve looked at. The definition of billon is typically an alloy of precious and base metals where the former makes up less than half of the total.

    • Assuming it’s circulated it might be worth $3 to $15 depending on condition.

      As the article notes, “The “V” refers to the large Roman numeral “V” that anchors the reverse design and indicates the coin’s denomination of five cents.”

  1. Why does the article always refer to the silver three cent as billon? It was 90% silver beginning in 1854, and I didn’t think 75% silver (for the first 3 years) was billon.

    • I agree. The normal definition is an alloy that’s strictly less than 50% precious metal. Two sources I checked indicate that any alloy that’s 50% or more precious metal is no longer called billon.

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