The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
America's first small-cent was the Flying Eagle cent, which was originally struck in 1856 as a pattern and was produced for mass circulation in 1857 and 1858. The change came after the United States Mint began experimenting with new pattern cents in the mid 1850s due to increased costs of producing the large cent. The Flying Eagle cent was designed by United States Mint Chief Engraver James B. Longacre and is an adaption of the Christian Gobrecht pattern silver dollars struck in the mid 1830s.
Approximately 1,800 Flying Eagle cents were struck with the 1856 date for use as presentation pieces, and possibly some were made at a later point to satisfy the demands of collectors who wanted examples of the coin. The Flying Eagle cent was officially unveiled for circulation on May 25, 1857, which was during the period that the United States government was demonetizing foreign coinage that was still circulating throughout the nation as legal tender. The Flying Eagle cent is made from a composition of 88% copper, 12% nickel, and were widely dubbed "nicks." Though the Flying Eagle cent was in regular production for just two years, more than 40 million were struck and became quite popular with the public.
For a coin that was produced for only two years (three when counting the popularly collected 1856 presentation piece, which did see limited circulation) at just the Philadelphia Mint, there are a surprising number of issues and varieties. These include the 1856 and 1857 regular issues, 1858 Large or Small Letters varieties, 1858/7 overdates, and proof specimens from 1856 and 1857, as well as proof variants of each the 1858 Small and Large Letters. While the Flying Eagle cent is widely collected as an extension of the Indian Head cent series, Flying Eagle pennies offer enough complexity as a standalone series to provide plenty of challenge to anyone desiring to focus solely on collecting and studying this first incarnation of the small cent.
Obverse Description
An eagle with wings extended in full flight fills the central obverse design with the words UNITED STATES OF AMERICA around the top periphery. The date is centered at the bottom.
Reverse Description
The reverse bears the denomination of ONE CENT in the center surrounded by a wreath bearing a ribbon tied in at the bottom center.
Book Reference
Designer: James B. Longacre. Weight: 4.67 grams. Composition: .880 copper, .120 nickel. Diameter: 19 mm. Edge: Plain. Mint: Philadelphia.
Key to Collecting: The Flying Eagle cents first appeared in circulation on May 25, 1857. Within a year, most old copper “large” cents had disappeared, and the new small cents were standard in the channels of commerce. These were struck in quantity for the remainder of 1857 and in 1858, after which the design was abandoned, as problems resulted in striking. Examples are easy to obtain today. Most are in worn grades from G to F or better. Mint State pieces are plentiful in the marketplace, but within any assigned grading number, quality is apt to vary widely. Cherrypicking for a choice example is highly advised.
Aspects of Striking and Appearance: Striking is usually fairly good. However, some are weak on the eagle’s head and tail feathers and, sometimes, in the lettering on the obverse. The reverse tends to be better struck, but weakness can occur on the higher areas of the wreath. Most Mint State coins are lustrous.
Proof Coins: Proof coins of the 1856 pattern are plentiful, with over 1,500 believed to have been made, most as restrikes. Among regular issues, Proofs of 1857 are very rare and those of 1858 are quite rare but not in the league of the 1857.
Catalog Information
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| PR67 |
|
$93,500 | $1,234 |
| PR67 | - | $78,000 | $1,234 |
| PR66 |
|
$1,234 | $1,234 |
| PR66 | - | $1,234 | $1,234 |
| PR65 |
|
$1,234 | $1,234 |
| PR65 | - | $1,234 | $1,234 |
| PR64 |
|
$1,234 | $1,234 |
| PR64 | - | $1,234 | $1,234 |
| PR63 |
|
$1,234 | $1,234 |
| PR63 | - | $1,234 | $1,234 |
| PR62 |
|
$1,234 | $1,234 |
| PR62 | - | $1,234 | $1,234 |
| PR61 |
|
$1,234 | $1,234 |
| PR61 | - | $1,234 | $1,234 |
| PR60 |
|
$1,234 | $1,234 |
| PR60 | - | $1,234 | $1,234 |
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Dazzling rarities, free educational opportunities, family fun and more await at the Donald E. Stephens Convention Center
The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.





