1856 1C Flying Eagle
The 1856 1C Flying Eagle cent holds a prestigious status among American numismatics due to its rarity and historical significance. The Flying Eagle design represents an important transitional phase in U.S. coinage, marking the switch from larger copper cents to the smaller copper-nickel alloy cents. This coin is especially coveted due to its association with experimentation and the relatively low number minted during its inception.
Rarity and Mintage
The 1856 Flying Eagle cent is notably rare, with a mintage of approximately 2,000 coins, although exact figures are sometimes debated among historians and numismatists. The coin was primarily created as pattern pieces in preparation for full-scale production in later years, which is why its numbers are considerably lower compared to other issues. These coins were distributed to Congress and various influential individuals for review, marking it essentially as a trial piece, which adds to its allure among collectors.
Value and Sales
The value of the 1856 Flying Eagle cent can vary widely based on its condition, with prices ranging from $10,000 to $200,000 or more in auctions, depending on the coin's grade and provenance. High-grade examples, especially those in Mint State, have achieved remarkable prices at auction. For instance, in reviewing recent sales, a particularly fine specimen in MS65 condition fetched over $150,000, emphasizing the coin’s desirability within the numismatic community.
Historical Context
From a numismatist's point of view, the 1856 Flying Eagle cent serves as a fascinating piece of monetary history. The decision to transition to a smaller cent was influenced by economic factors, including the rising cost of copper. The Flying Eagle design by engraver James Barton Longacre was initially selected in part for its aesthetic appeal and its aptness for mass production given the technological capabilities of the Philadelphia Mint at the time.
Mint and PCGS Details
The 1856 Flying Eagle cent was minted at the Philadelphia Mint, which was the only mint in operation for U.S. coins during that period. The Philadelphia Mint was tasked with introducing this new cent, which eventually led to the larger-scale production seen in 1857 and 1858. The PCGS (Professional Coin Grading Service) lists this coin under the number 2013 on their CoinFacts database. For numismatists and collectors seeking authoritative information and details about the Flying Eagle cent, resources such as PCGS CoinFacts provide in-depth analysis on grading, rarity, and auction records. Such platforms enable enthusiasts to better appreciate the significance of this rare coin within the annals of U.S. numismatic history, facilitating an understanding of its historical context and market value.
