1858 1C Large Letters (Proof)
The 1858 1C Large Letters (Proof) is an elusive and highly sought-after coin among collectors, primarily due to its rarity, historical significance, and numismatic intrigue. Struck at the Philadelphia Mint, the 1858 1C Large Letters is part of the Flying Eagle cent series, which was produced between 1856 and 1858. These specific proofs are characterized by their larger letter typography in the word "AMERICA" on the coin's reverse.
The overall mintage of the 1858 proofs is believed to be approximately 75 pieces, a number that underscores its rarity. This limited quantity was produced specifically for numismatic collectors and not for general circulation, thereby increasing its desirability among enthusiasts and investors alike.
From a numismatist's perspective, the 1858 1C Large Letters (Proof) is a testament to early U.S. Mint engraving artistry and a crucial part of American numismatic history. It represents a transitional phase from the large cent to the small cent, showcasing a significant shift in U.S. currency design and production. The series came about during a time when the Mint was experimenting with alternative metal compositions and sizes for cent pieces, eventually leading to the adoption of the more economical small cent.
Due to its rarity, examples of this coin frequently command high prices at auction. In recent sales, top-quality specimens of the 1858 1C Large Letters (Proof) have realized impressive values, often exceeding tens of thousands of dollars. The value of individual pieces can vary significantly based on their condition, provenance, and market demand at the time of sale. For instance, in certain high-profile auctions, such coins have been known to achieve prices well into the five-figure range, and occasionally more, depending on the specific details of the auction and the coin's grade.
According to PCGS CoinFacts, the PCGS # 2042 refers specifically to the identifying number used by PCGS for this particular coin. Collectors seeking examples graded by PCGS should reference this unique identifier to ensure authenticity and standardization in the grading process. Graded coins often realize higher values given the assurance they offer regarding the coin's authenticity and condition.
The history, rarity, and value associated with the 1858 1C Large Letters (Proof) make it a coin that is both historically pivotal and financially significant within the numismatic community. Properly understanding its context and significance only adds to its allure for modern collectors and investors.
