Flying Eagle Penny info

Tank69

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I never seen or heard of one of these an found this an thought I'd pass it along for others , its`a bit long .

The Flying Eagle cent is a United States coin that was minted from 1857 to 1858. The coin was designed by James B. Longacre. The Flying Eagle was the first small-sized cent coin minted in the US, replacing the earlier large cent. The obverse of the coin depicts an eagle in flight, a unique subject for the obverse of American coins. The reverse of the coin has the words ONE CENT surrounded by a wreath, similar to the reverse on the later Indian Head cent and Wheat cent minted until 1958. The United States Mint in Philadelphia struck about 700 Flying Eagle cents in 1856 as pattern pieces, a way to show influential congressmen and senators what these coins would look like. The coins became popular and were soon selling for $2.00 in auctions. The Mint began restriking them in 1858 and selling them to the public. Probably another 1,500 pieces were struck in Proof format and sold to new collectors. Auction prices dropped to 25¢. Today they sell for $6,000 or more.

In 1858, there was a "large letter" and "small letter" variety produced. An easy way to tell the difference between large-letter and small-letter varieties is to look at the word 'America'. In the large letter variety, the letters A and M are joined, whereas in the small letter they are not. The small letter variety is a low relief design. The eagle is shallower in the die and the letters are smaller than those used in 1857 and on the 1858 large letter variety.

Both the Flying Eagle Cent and Indian Head cents minted from 1859 to 1864 were struck in an alloy of 88% copper and 12% nickel, giving the coins a much whiter sheen than contemporary one-cent pieces. The nickel five-cent coin would not begin production until 1866, and so these nickel-alloy one-cent pieces were slangily known as "nickels".

The design didn't last long due to the obverse design opposing the reverse design. The eagle's head and tail were opposite the wreath. The presses had to strike the coins harder to get the design up fully. This caused dies to fail more often. The design was replaced by the Indian Cent in 1859.
 

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Kentucky Kache

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Some of those are worth a pretty penny. Pun intended.
 

johnnycat

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A few years ago while working as H.R. Director for an Indian casino in California I saw a flying eagle cent. The Security Director, (casino) had purchased some land with a small house in Fish Lake Valley, Nv. He soon found out the water heater was no good. He hooked up a hose to it and ran it outside to empty it. Later on in the day after the replacement job was completed he was getting ready to pack up and head back to town. He noticed the small hole the water coming out of the old heater had created almost in front of the door. As his wife is slightly disabled he realized he better cover it up before he left. He started to push some dirt into the hole with his boot and just for an instance thought he saw something. He stopped and uncoverd the hole again pulling out an 1856 flying eagle cent!!!!!! The dry desert, sandy soil had been very kind to it and it was in beautiful condition. Don't know what he did with it as we were in the process of moving to New Mexico at that time.
 

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stefen

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For clarification, there were no Flying Eagle cents minted or dated in 1859.

The Indian Head cent began minting in 1859 to continue the penny lineage.

Here is more clarification of some little known facts:

The Secretary of the Treasury had the decision -making power regarding the coin design and that there was no Act passed by Congress in 1856 authorizing a Small Cent.

About 1,000 1856 Flying Eagle Cents struck without official authorization. Therefore, from a legal standpoint, all 1856 Flying Eagle Cents may be considered to have been illegally struck and issued.

However, the Secret Service probably never will, but would have the legal right to, seize these coins.

It is difficult to determine how many 1856-dated Flying Eagle Cents were struck. At least 634 were given to politicians and other well connected people. During 1858 and 1859, more were restruck using the original dies. Not all restrikes can be differentiated from the original strikes.

It is known that collector George W. Rice at one time owned 756 of the 1856 Flying Eagle Cent.
 

mlayers

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If only I could have just 1 of the 1856 flying cents......Matt
 

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stefen

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mlayers said:
If only I could have just 1 of the 1856 flying cents......Matt


Matt,

This is your chance...Here is a well worn FE cent (Good Grade) of mine that may date to 1856, however, the date is totally worn away.

Hmmm. A real modern-day mystery.

It would be interesting to use a date enhancing chemical to actually determine its mintage, and if it is a well circulated 1856, think of its potential value.

For instance, today, there is a MS63 for sale on Ebay with a current bid of $25,900. Who knows where the ceiling value will be.

I'm tempted to go to the trouble of determining its date, however, then the mystery and dreams of owning a 1856 FE may become a depressing disappointment.

So it shall remain a mystery.

Could be convinced to sell it, but only as a well-worn Flying Eagle with an unknown date.

Tempting isn't it!
 

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lafatlife

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May 14, 2008
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I went with my mom to look at her coins in her safe deposit box and she has a flying eagle cent. I didn't know what it was until after I got home because I had never heard of it before.

Here are the pics I took. It is 1857 and uncleaned.

It looks a lot better in person than it does in the pictures and I can't help but wonder how good it would look cleaned up.

The coins she has have been handed down to her.
 

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Tank69

Tank69

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:icon_thumright: very cool ,I'd never seen or heard of one before either thats why when I found this link I posted it .
 

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stefen

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lafatlife said:
I went with my mom to look at her coins in her safe deposit box and she has a flying eagle cent. I didn't know what it was until after I got home because I had never heard of it before.

Here are the pics I took. It is 1857 and uncleaned.

It looks a lot better in person than it does in the pictures and I can't help but wonder how good it would look cleaned up.

The coins she has have been handed down to her.

Leave the cleaning to professionals...you could dramatically reduce the value...
 

lafatlife

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May 14, 2008
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stefen said:
Leave the cleaning to professionals...you could dramatically reduce the value...

Oh believe me, I am not going to touch them. I told her that she needed to have them appraised "for insurance purposes"

She actually wants to sell the coins because she just retired and would like to have the majority of her bills paid off.

She has many more coins including a 1707 Britannia copper. Not sure what that is but will find out.

She has a small treasure trove and doesn't even know it.

I will find an appraiser for her and go from there.
 

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Tank69

Tank69

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:icon_thumright: wtg lafatlife sounds like a wise idea an good of you to make sure she is taken care of the right way .
 

lafatlife

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May 14, 2008
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She didn't even really know what she had in there. She thought she had 1 gold coin and actually has 4!! 2 of them are 5 dollar and 2 are 2 1/2 dollar ones.

I don't know what any of them are worth, but I told her she needs to get some sleeves or something to protect them. She just has them in a plastic bag!!!
 

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