The US 1884 Nickel, known as the Liberty Head or "V" nickel, was minted during a period of economic growth and political change under President Chester A. Arthur. The coins design, featuring a portrait of Lady Liberty on the obverse and a Roman numeral "V" for five cents on the reverse, symbolized national strength and unity. Made of 75% copper and 25% nickel, the 1884 Nickel reflected the nations reliance on these metals for currency production. The economic context of the time influenced the coins composition and design, aiming to instill confidence in the American dollar.
The 1884 Nickel was minted in large quantities, with over 11 million produced at the Philadelphia Mint. Despite its high mintage, certain varieties, such as those with full steps on the reverse, are considered rare and valuable among collectors. The coins metal composition and design choices were influenced by the economic and political climate of the late 19th century, reflecting a period of growth and change in the United States.