1858 1C Small Letters (Proof)
The 1858 1C Small Letters (Proof) is a fascinating piece within the Flying Eagle cent series, attracting numismatists due to its historical significance and rarity. Minted at the Philadelphia Mint, the 1858 Small Letters Proof is an exceptional specimen with an estimated mintage of around 80. This variant is distinguished by the narrower letter spacing compared to the Large Letters variety, making it a distinct and sought-after collectible.
Historical Significance
The Flying Eagle cents were produced between 1856 and 1858 and represented a critical transition from the larger cent coins to the smaller, more practical format. The Small Letters Proof from 1858 is part of the final-year issue of the Flying Eagle series, adding historical allure for collectors. This was a time of experimentation with alloys and minting techniques, as the U.S. Mint sought to create coins that were both durable and cost-effective.
Rarity
The rarity of the 1858 Small Letters Proof is underscored by its low mintage of approximately 80 pieces, making it a challenging acquisition for any collector aiming to complete the series. Its scarcity in higher grades further enhances its appeal, with collectors often vying for pieces graded as Proof 64 or higher.
Value and Market Performance
The value of the 1858 Small Letters Proof can vary significantly based on its condition and provenance. Prices for this numismatic treasure have historically ranged from several thousand dollars for lower-grade proofs to upwards of $40,000 or more for specimens in superior condition. Recent auction results illustrate this value spectrum: In March 2023, a Proof 65 example was sold for approximately $32,000, demonstrating the strong market demand for high-grade proofs. A Proof 64 coin fetched $22,000 in a 2022 auction, further emphasizing the appreciation among collectors for quality examples.
Numismatists' Perspective
From a numismatist's viewpoint, the allure of the 1858 1C Small Letters (Proof) extends beyond its market value. It represents a convergence of numismatic history, artistry, and technical innovation. Collectors often seek out these proofs not only for their rarity but also for the exquisite detail present in their craftsmanship, a testament to the minting prowess of the mid-19th century. This piece is a quintessential example of the mint's efforts to modernize the nation’s currency amidst economic shifts and technological advancements. The intricate design of the Flying Eagle cent marks an era where the United States Mint was exploring new frontiers in coining techniques and aesthetics.
PCGS Certification Details
PCGS #:2043 Mintage : Approximately 80 Mint : Philadelphia Collectors utilizing resources like PCGS CoinFacts will find these proofs to be a pinnacle of design and history, providing both a physical and historical connection to the coinage legacy of the United States. This scarcity and historical prominence make the 1858 1C Small Letters (Proof) an enduring focal point for collectors and historians alike.
