The 1857 Flying Eagle cent is a captivating piece of numismatic history, representing the transition from large cents to the smaller, more modern cent coins. This article delves into the value, grading, and key details about the 1857 Flying Eagle penny, making it an essential read for collectors and enthusiasts alike. Whether you’re looking to buy, sell, or simply admire this coin, understanding its background, rarity, and market trends can significantly enhance your collecting experience.
What is the 1857 Flying Eagle Cent?
The 1857 Flying Eagle cent is the first small cent issued by the United States Mint, marking a significant shift in American coinage. This one cent coin features a distinctive design by engraver James B. Longacre, showcasing an eagle in flight on the obverse side and a wreath on the reverse. The Flying Eagle cent was produced from 1856 to 1858, with the 1857 date being particularly notable due to its higher mintage and circulation.
This coin represents a pivotal moment in numismatics, as it introduced collectors and the general public to a new era of coinage. The transition from large cents to small cents not only made currency more practical but also initiated a new appreciation for coin design and artistry.
How is the 1857 Flying Eagle Cent Graded?
Grading the 1857 Flying Eagle cent involves assessing its condition based on the Sheldon coin grading scale, which ranges from Poor (P-1) to Perfect Uncirculated (MS-70). Factors that influence the grade include the coin’s luster, strike quality, and overall appearance. Coins in uncirculated condition, known as BU (Brilliant Uncirculated), tend to fetch higher prices due to their rarity and appeal among collectors.
Additionally, the presence of marks, scratches, or other imperfections can significantly lower the grade. The Professional Coin Grading Service (PCGS) and Numismatic Guaranty Company (NGC) are reputable organizations that certify the grade of coins, providing a standardized assessment that enhances buyer confidence.
What is the Current Market Price for the 1857 Flying Eagle Penny?
The market price for the 1857 Flying Eagle penny varies widely based on its condition, rarity, and demand among collectors. Prices can range from as low as $20 for heavily circulated coins to over $1,000 for high-grade, uncirculated examples. Auction results and price guides often reflect the current market trends, providing a snapshot of what collectors are willing to pay.
For those interested in buying or selling, platforms like eBay or specialized numismatic auctions can offer insight into current pricing trends. It’s essential to consider recent sales and market fluctuations when evaluating the value of your coin.
What Makes the 1857 Flying Eagle Cent Unique?
The 1857 Flying Eagle cent is unique for several reasons. Firstly, it was the first small cent minted by the U.S. government, transitioning away from the larger cent coins that had been in circulation since the late 18th century. This change reflected evolving economic needs and a desire for more practical currency.
Moreover, the design itself is striking and holds historical significance. The eagle in flight symbolizes freedom, while the wreath represents victory and peace. This powerful imagery, combined with the coin’s historical context, makes the 1857 Flying Eagle cent a coveted item among collectors and historians alike.
How to Identify an 1857 Flying Eagle Cent?
Identifying an 1857 Flying Eagle cent involves examining both the obverse and reverse designs. The obverse features a flying eagle, while the reverse displays a wreath encircling the denomination “1c.” The coin measures 19 mm in diameter and is composed of 88% copper and 12% nickel, giving it a distinctive appearance and weight compared to other coins.
Additionally, collectors should look for specific markers, such as the placement of the date and the details of the eagle. Authentic coins will have a clear strike with noticeable details, while counterfeit coins may lack sharpness or exhibit unusual characteristics.
Where to Buy or Sell an 1857 Flying Eagle Cent?
Collectors can buy or sell the 1857 Flying Eagle cent through various channels, including online marketplaces like eBay, coin shows, and local coin dealers. When purchasing, always ensure that the seller is reputable and provides adequate information about the coin’s grading and authenticity.
For those looking to sell, Accurate Precious Metals offers a reliable platform for transactions. They specialize in precious metals and can assist in providing fair valuations based on current market prices. However, always compare offers and consider auctioning your coin for potentially higher returns.
What is the Mintage of the 1857 Flying Eagle Cent?
The mintage of the 1857 Flying Eagle cent stands at approximately 10 million coins, making it relatively common compared to other coins from the same era. Despite this higher mintage, the condition significantly affects availability in certain grades. High-grade examples are much scarcer and command a premium in the market.
Collectors often refer to census data and auction results to gauge the availability and rarity of different grades of the 1857 Flying Eagle penny. These figures can help inform buying and selling decisions, especially for those looking to build a comprehensive collection.
What are the Differences Between the 1857 and 1858 Flying Eagle Cents?
The primary difference between the 1857 and 1858 Flying Eagle cents lies in their design and mintage. The 1858 Flying Eagle cent features a slight modification in the design, with the addition of the word “ONE CENT” on the reverse, which was absent in the 1857 version. This detail may seem minor, but it impacts collectors’ interest and the coin’s overall value.
Mintage figures also differ, with the 1858 cent having a lower mintage than the 1857, making it a bit scarcer in certain grades. Collectors often seek both coins for their significance in the transition to the Indian Head cent, which replaced the Flying Eagle design in 1859.
What Are Common Errors Found in the 1857 Flying Eagle Cent?
Like many coins, the 1857 Flying Eagle cent can exhibit a variety of errors, which can enhance their value among collectors. Common errors include misstrikes, double dies, and off-center strikes. These errors can create unique pieces that stand out in a collection and command higher prices.
Collectors should keep an eye out for such anomalies when purchasing or evaluating their coins. Consulting with grading professionals can help confirm the authenticity and rarity of any error pieces, ensuring a well-informed collecting experience.
FAQs About the 1857 Flying Eagle Cent
What is the historical significance of the Flying Eagle design?
The Flying Eagle design reflects a period of change in American coinage and symbolizes freedom. It was a step towards modernizing currency and significantly impacted the evolution of U.S. coins.
How can I improve my coin collection?
Improving your coin collection involves extensive research, attending coin shows, and networking with other collectors. Consider focusing on specific themes, such as coins from a particular era or design.
Are there any resources for learning more about coin collecting?
Yes, numerous resources exist for those interested in coin collecting. Online forums, numismatic organizations, and books on coin history and grading can provide valuable insights.
How do I store my Flying Eagle cents properly?
Store your Flying Eagle cents in protective holders, such as coin flips or capsules, to prevent damage. Avoid exposure to moisture and extreme temperatures, which can affect their condition.
Where can I find a price guide for the 1857 Flying Eagle Cent?
Price guides are available through various numismatic publications and websites. They provide current valuations based on market trends, helping collectors gauge the value of their coins accurately.
- The 1857 Flying Eagle cent marks a significant transition in U.S. coinage.
- Grading affects the value; high-grade examples are more sought after.
- Current prices can vary widely based on condition and market demand.
- Identifying genuine coins involves examining specific design details.
- Accurate Precious Metals is a reliable resource for buying and selling coins.
Sources
- “Flying Eagle Cent.” Coin World.
- “1857 Flying Eagle Cent.” PCGS.
- “Coin Grading.” NGC.
- “The History of the Flying Eagle Cent.” Numismatic News.
