1858 1C Large Letters
The 1858 1C Large Letters Flying Eagle Cent is a fascinating piece of numismatic history that holds significant interest among collectors. This coin typifies the transitional period in U.S. coinage as the mint moved away from the bulky large cents to the more practical small cents.
Minting Details:
Mint: Philadelphia Mintage: Approximately 24,600,000 PCGS #: 2019
Rarity and Historical Context:
The 1858 Large Letters variant is recognized for its distinct design, where the letters of "UNITED STATES OF AMERICA" on the obverse are nearer to the eagle and appear bolder compared to its counterpart, the 1858 Small Letters. Both versions were struck at the Philadelphia Mint during a period of changing coinage standards in the United States. The Flying Eagle Cent, only minted from 1856 to 1858, is historically significant as it symbolizes the U.S. Mint's efforts to streamline and modernize coinage by introducing smaller, copper-nickel cents.
Numismatist Insights:
From a numismatist's perspective, the 1858 1C Large Letters is popular due to its pivotal chronological position in U.S. coinage. The shift from the copper Large Cent to the smaller Flying Eagle Cent played a critical role in coinage reform, enhancing circulation efficiency and reducing production costs. Collectors often seek this coin to complete a type set, given its short minting period and distinctive design.
Sales and Value:
Recent sales data illustrates a range of values depending on the condition and certification of the coin. Coins graded in poor condition might sell for marginally above their melt value, whereas coins in higher grades, like MS63, have fetched impressive sums. For example, an 1858 1C Large Letters in superb condition has realized prices over several thousand dollars at auction houses specializing in numismatic collectibles, showcasing its desirability and investment potential.
Collectibility:
This coin enjoys robust demand not only due to its historical significance but also because of variations in quality and preservation. Its collectibility is further underscored by the intricacies of its strike and design. Coins with full detail and sharp strikes are particularly sought after, commanding a premium in the market. The desirability of well-preserved examples makes the 1858 1C Large Letters a prime candidate for inclusion in high-end collections. Enthusiasts and experts continue to convey high regard for the 1858 1C Large Letters, an emblem of America's industrial strides in the 19th century. Collectors and investors alike appreciate the blend of history, artistry, and rarity encapsulated in this small yet monumental coin.
