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1856-1858 Flying Eagle

Front - 1856 flying eagle cent Back - 1856 flying eagle cent

Description

In 1856, only a partial issue of 600 Flying Eagle Cents was produced and distributed to influential people. The purpose was to secure approval for the design. Word of the minimal striking spread and the 600 initial coins struck were soon selling for $2.00 each. That's 200 times face value. Quite astonishing for a new issue coin of the day.

The obverse employs an eagle in flight, borrowed from Christian Gobrecht's silver dollar patterns of the 1836-1839 years. Above is the inscription UNITED STATES OF AMERICA, while the date is below. The reverse displays a wreath of cotton, corn, wheat, and tobacco enclosing the word ONE CENT.

After 1856, the Mint produced Proof restrikes to the extent of 1,000 or more coins, thus accounting for most Proof Flying Eagle cents known today (for relatively few Proofs were made in 1857 and 1858). In 1857, Flying Eagle cents were minted in large quantities for circulation. Coinage in large quantity for circulation continued through 1858. Trouble developed with the striking up of the design, as often the head, upper wing tip, and tail of the eagle would be weakly impressed. As a result, the motif was discontinued.

For a type set, no difficulty will be encountered in the search for an 1857 or 1858 Flying Eagle cent in any grade from Fine through Extremely Fine. AU pieces are not difficult to find, and Uncirculated coins appear with some frequency. Truly superb Uncirculated pieces are rare.

Valuation

Because of the difficulty experienced in striking this coin with consistency, you have a narrow window of opportunity of really just two years to find one of these coins in this type set.
COIN NAME
1856-1858 Flying Eagle
DESIGNED BY
James Barton Longacre
ISSUE DATE
1856 (pattern issue) - 1858
COMPOSITION
0.88 part copper, 0.12 part nickel
DIAMETER
19 mm
WEIGHT
72 grains
EDGE
Reeded
BUS MINT
42,050,000
PROOF MINT
2,000

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.