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Flying Eagle Penny Value
1856 marked an auspicious 12 months in the historical past of the US Mint. From the very beginning, one cent items had been a staple of United States coins. Everybody knew their look and their feel. Everyone was snug with the coin, until 1856.
Since the start of US coinage, the face of the one cent piece had featured a depiction of the goddess Liberty. Admittedly, there had been a number of completely different depictions of Liberty, with every offering its coin with an attention-grabbing name. Flowing Hair Cents have been produced by the US Mint from 1793 via 1796, once they were changed by Draped Bust Cents. The Classic Head Cent design was the design produced from 1808 via 1814 when it was changed by the Coronet Head Cent. Finally, the Braided Hair Cent took middle stage in 1839. It was additionally referred to as the “Silly Head” or the “Booby Head” Cent. The Braided Hair Cent was produced by 1857.
People started to object to carrying around these coins. Some individuals mentioned the coins had been too giant, with a diameter of 27.5 millimeters (merchants complained that the coins “clogged up” their tills). There were complaints that the coins were too heavy, weighing in at a hefty 10.89 grams. The public seemed to be ready for a change in its pennies.
In 1856 the US Mint started producing a smaller, lighter one cent coin. The Flying Eagle Cent was the primary of what collectors now refer to as “Small Cents” (weighing 4.7 grams with a diameter of 19 millimeters) contrasted with the one cent cash heretofore produced being dubbed “Large Cents.”
The public didn’t just like the coin. The Flying Eagle Cent didn’t include pure copper, as had all one earlier one cent coins. It was 88% copper and 12% nickel. The lighter color prompted the general public to derogatorily consult with the new cent because the “white cent.” People were not happy with the design either. Although design on the obverse (or face) of James Barton Long acre’s coin depicts an Eagle in Flight, folks sometimes referred to the coin as the “Buzzard Cent.”
Officials on the US Mint were embarrassed. They shortly made plans to redesign the coin. Longacre was commissioned to supply the brand new design. The Eagle was eliminated, and Liberty returned to the front of the one cent coin, this time wearing a Native American headdress. The Indian Head Cent remains one of the most standard cash ever produced by the US Mint, whereas the Flying Eagle Cent took its place among the coins with the briefest mintage in US history…simply [two] years (1857-1858).
Incidentally, if you occur to find a Flying Eagle Cent bearing the date 1856, you’ll be nicely-advised to take the coin to an skilled to have it evaluated. The 1856 coins were solely produced as examples to be introduced to Congress and other officials to encourage them to help the coin’s acceptance. As soon as the vote was taken, legislators were alleged to return the coins to the US Treasury. The coins had been supposed to be destroyed, and minting of the Flying Eagle Cent to begin in 1857.
Somehow, not all of the coins made their approach back to the Mint. Evidently some of them had been stored as souvenirs by numerous people. The cash’ rarity prompted their collector’s worth to soar. Now, even essentially the most mediocre specimens of the 1856 Flying Eagle Cent sell for in extra of $5,000, with the nicest of these cash expected to bring effectively in extra of $a hundred,000. (The Professional Coin Grading Service lists the worth of the highest grade Flying Eagles they have certified as $one hundred fifty,000.) Needless to say, counterfeiters have taken observe of those numbers and have taken steps to try to defraud individuals by producing and promoting fakes.
So a set of Flying Eagle Cents consists of three cash . . . the 1857, and [two] varieties (Large Letters and Small Letters) of the 1858. You can purchase enticing specimens of all three cash for a complete of less than $200.
At Valueincoins.com you’ll regarding 1858 flying eagle cent, 1857 flying eagle penny,and flying eagle cent value.
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