The 1857 Flying Eagle Cent captures the imagination of numismatics enthusiasts and collectors alike, representing a pivotal moment in American coinage history. This blog post delves into the unique characteristics, production details, and market value of this iconic penny coin, shedding light on why it remains a coveted piece among both seasoned and novice collectors. Read on to uncover the rich legacy of the Flying Eagle Cent and discover what makes it a significant collectible.
Outline
- What is the Flying Eagle Cent?
- What makes the 1857 Flying Eagle Cent unique?
- How did the design of the Flying Eagle Cent evolve?
- What was the minting process of the 1857 Flying Eagle Penny?
- How does the condition of the coin affect its value?
- What are the grading standards for the Flying Eagle Cent?
- What is the historical context of the 1857 Flying Eagle Cent?
- How does the 1857 Flying Eagle compare to other cent coins?
- Where can you buy or sell a Flying Eagle Cent?
- What should collectors know about the 1857 Flying Eagle Cent today?
What is the Flying Eagle Cent?
The Flying Eagle Cent, first minted in 1856, represents a significant shift in U.S. coinage, marking the transition from large cents to smaller, more efficient coins. The 1857 Flying Eagle Cent features a design by engraver James B. Longacre, showcasing an eagle in flight on its obverse side, symbolizing freedom and the nation’s growth. This coin is part of the series of small cents issued by the United States Mint, with the 1857 edition being particularly notable for its historical context and aesthetic appeal.
This penny coin, also known as a 1c piece, holds a special place in the hearts of collectors due to its rarity and unique design elements. The Flying Eagle Cent was produced only for a couple of years (1856-1858), making it a limited series that attracts significant attention in the numismatic community. The coin’s intricate design and symbolism make it more than just currency; it embodies a period of transformation in American society and economy.
What makes the 1857 Flying Eagle Cent unique?
The 1857 Flying Eagle Cent stands out due to its distinctive design and historical significance. Unlike earlier large cents, the Flying Eagle Cent features a smaller diameter and a lighter weight, making it more practical for circulation. The obverse showcases a flying eagle, which was a departure from the more common depictions of Lady Liberty or other symbolic figures. This design choice reflected the nation’s aspirations and the spirit of the time.
How did the design of the Flying Eagle Cent evolve?
The design of the Flying Eagle Cent underwent significant changes during its short production run from 1856 to 1858. The initial 1856 Flying Eagle Cent, often considered a pattern coin, featured a different design compared to its successors. The 1857 version refined this design, enhancing the eagle’s features and creating a more polished appearance. These changes highlighted the United States Mint’s commitment to improving coinage quality and aesthetics.
What was the minting process of the 1857 Flying Eagle Penny?
The minting process for the 1857 Flying Eagle Penny involved several steps, reflecting the technological advancements of the time. The United States Mint used a combination of manual and mechanized methods to produce these coins. The initial phase involved preparing the coin’s design, which James B. Longacre meticulously engraved onto steel dies. Once the dies were ready, the Mint staff used presses to strike the coins, ensuring that each piece bore the intricate details of the design.
How does the condition of the coin affect its value?
The condition of the 1857 Flying Eagle Cent plays a crucial role in determining its market value. Collectors and investors often refer to the Sheldon coin grading scale, which classifies coins based on their visual appeal and wear. The scale ranges from Poor (P1) to Perfect (PR70), with several grades in between, including About Uncirculated (AU) and Mint State (MS).
What are the grading standards for the Flying Eagle Cent?
Grading standards for the Flying Eagle Cent adhere to the established norms within the numismatic community. Professional Coin Grading Service (PCGS) and Numismatic Guaranty Company (NGC) are two of the most recognized organizations that provide certification and grading services for coins. They assess coins based on a range of criteria, including strike quality, surface preservation, and overall eye appeal.
What is the historical context of the 1857 Flying Eagle Cent?
The 1857 Flying Eagle Cent emerged during a transformative period in American history. The mid-19th century saw significant economic changes, including the expansion of railroads and increased trade. As the economy grew, so did the need for efficient currency. The introduction of the Flying Eagle Cent met this demand by providing a smaller and more manageable denomination for everyday transactions.
How does the 1857 Flying Eagle compare to other cent coins?
When comparing the 1857 Flying Eagle Cent to other cent coins, such as the Indian Head cent that followed, several key differences emerge. The Flying Eagle Cent, produced between 1856 and 1858, features a distinctive design and composition that set it apart from its successors. In contrast, the Indian Head cent, minted from 1859 to 1909, adopted a different representation of Liberty, showcasing a Native American headdress.
Where can you buy or sell a Flying Eagle Cent?
Collectors seeking to buy or sell a Flying Eagle Cent have various options available. One reliable source is Accurate Precious Metals, a dealer specializing in gold and silver products. While they do not offer free shipping unless an order reaches a certain threshold, their extensive inventory and knowledgeable staff can help buyers find the right coin.
What should collectors know about the 1857 Flying Eagle Cent today?
FAQ
What is the value of the 1857 Flying Eagle Cent?
The value of the 1857 Flying Eagle Cent varies significantly based on its condition and grade. Commonly, coins in lower grades may be worth a few dollars, while those in AU or MS condition can fetch hundreds or even thousands of dollars at auction.
How can I tell if my Flying Eagle Cent is genuine?
To determine the authenticity of your Flying Eagle Cent, consider having it graded by a reputable service such as PCGS or NGC. They provide certification and can identify counterfeit coins based on their expertise and advanced technology.
Are there any rare varieties of the 1857 Flying Eagle Cent?
Yes, some rare varieties of the 1857 Flying Eagle Cent exist, particularly those with unique die marks or anomalies. These varieties can significantly increase a coin’s value and desirability among collectors.
Can I clean my 1857 Flying Eagle Cent?
Cleaning coins is generally discouraged, as it can damage their surface and lower their value. If you are unsure about how to care for your coin, consult a professional coin dealer or grading service for advice.
What is the best way to store my Flying Eagle Cent?
Store your Flying Eagle Cent in a protective holder, such as an airtight coin capsule or a mylar flip. Keeping the coin in a cool, dry place will help preserve its condition and prevent tarnishing.
Conclusion
- The 1857 Flying Eagle Cent symbolizes a pivotal moment in U.S. coinage history.
- Its unique design and limited mintage make it highly sought after by collectors.
- The condition and grading of the coin significantly impact its market value.
- Collectors should stay informed about market trends and connect with numismatic communities.
- Reliable sources for buying and selling include Accurate Precious Metals and online marketplaces.
Sources
- Hibler, George, and Charles V. L. S. “The Official Red Book: A Guide Book of United States Coins.” Whitman Publishing, 2021.
- Ginsburg, Scott. “A Guide to the Flying Eagle and Indian Head Cents.” Coin World, 2020. https://www.coinworld.com/news/us-coins/a-guide-to-the-flying-eagle-and-indian-head-cents
- Professional Coin Grading Service (PCGS). “Grading Coins.” PCGS, 2023. https://www.pcgs.com/education/grading-coins
- Numismatic Guaranty Company (NGC). “Coin Grading Scale.” NGC, 2023. https://www.ngccoin.com/coin-grading/grading-scale/