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Shields are the equipment players use to block enemy attacks and moves. Currently there are 3 shields available from the armory menu. The default one costs 0 coins and the rest are 5000 coins. Shields are Trinkets, and are only for decoration. Here are the three different shields, which are currently in the game:

There was also a shield in one of the older versions, which was replaced by the Reinforced Wooden Shield:

Players can choose to go without a shield. This make your blocking animation and behavior acts differently : you block with your weapon, and you'll take a little damage for a successfully block.

When block successfully, shields glowing white.

Dealerofpotions

Player's blocking animation, using weapon to block due to lacking the shield.