1857 1C Flying Eagle
The 1857 1C Flying Eagle cent is a highly regarded coin among numismatists due to its historical significance and design. This cent holds a special place in U.S. coinage history as the first small cent ever minted in the United States, marking a transition from the larger copper cents to a smaller, more economical format composed of 88% copper and 12% nickel.
Rarity and Mintage:
The Flying Eagle cent series began with patterns in 1856, but the first official circulation strikes came in 1857. The 1857 coin has a relatively high mintage for the series, with approximately 17,450,000 coins produced at the Philadelphia Mint according to PCGS CoinFacts. Despite this substantial mintage, high demand from collectors ensures its desirability. Its rarity arises from both its collectible nature and historical importance.
Design:
The obverse of the coin features an eagle in flight, designed by Chief Engraver James B. Longacre. The reverse showcases a simple wreath surrounding the denomination, accentuating the elegance of the design. This design was short-lived, as it was replaced by the Indian Head cent in 1859 due to production difficulties with the hard nickel alloy.
Numismatic Value:
The value of the 1857 Flying Eagle cent can vary considerably based on condition and grade. As of recent auction sales, a well-preserved example in Extremely Fine condition may sell for several hundred dollars. For instance, an 1857 Flying Eagle cent graded MS65 can command prices upward of a few thousand dollars, reflecting the collector demand for high-grade examples. While lower-grade coins remain more accessible, the allure of mint state examples often propels their prices significantly higher, especially at esteemed auctions. On platforms like ha.com, prices for pristine pieces have been recorded at impressive figures, showcasing their investment potential.
Collectible Factors:
Collectors are drawn to this coin for its unique niche in U.S. numismatics, bridging the gap between large and small cent coinage. The historical context and the short-lived series make it a treasured piece for enthusiasts seeking a comprehensive representation of American coinage transitions.
PCGS Information:
According to PCGS CoinFacts, the 1857 Flying Eagle cent holds a specific place in their registry with the PCGS #2016. This designation helps collectors and dealers accurately identify and appraise the coin's value within official records. The 1857 Flying Eagle cent, with its compelling story and lasting appeal, remains a cornerstone for any serious collector dedicated to the evolution of American currency. Its auction results and sustained market interest further elevate its profile in the world of rare coins, making it a prized acquisition for numismatists worldwide.
