Pop 3. None Finer. Despite the existence of a few 1865-dated patterns that may or may not have been struck in 1865, the 1866 Rays nickel was the first regular-issue coinage of the five cent nickel denomination. This Superb Gem represents the first year of nickel coinage in this style, with delicate gold toning and faint iridescent overtones. The fields are mirrored with no spots, and the design elements are sharply defined. NGC Price Guide...$14,450.