Flying Eagle Penny Auction Of The Day: Die Crack Error? 1857 Flying Eagle Cent NEAR GEM BU TOUGH This NICE
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 1857 Flying Eagle Cent NEAR GEM BU GEM BU GORGEOUS  US $183.50
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 1857 Flying Eagle Cent NEAR BU GEM BU EYE APPEAL US $69.56
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 1857 Flying Eagle Cent CHOICE BU NEAR GEM BU NICE US $56.00
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Here is an auction for one BEAUTIFUL Flying Eagle Penny!
This 1857 Flying Eagle Penny is choice BU with very pleasing fields on both the obverse and reverse. Looks as though the obverse may have a couple of small ticks, above the front wing and above the 8 in the date, but nothing major. The really interesting thing about this 1857 Flying Eagle Penny is that it looks like there is a die crack running from 5 o'clock to 11 o'clock on the reverse of the coin. I am no expert but it seems to show readily in the excellent pictures provided by the seller, who does not seem to be aware as he makes no mention of a die crack.
This 1857 Flying Eagle Cent is a raw coin that could be slabbed and graded by a reputable grading service like PCGS or ANACS to solidify and increase its value, as well as verify the die crack error it appears to have. The auction includes FREE shipping and the seller is TOP RATED with a 99.9% positive feedback rating.
This is undervalued at its current bid and would make a great addition to any Flying Eagle/Indian Head Penny collection.
Will you be the next owner of this wonderful and historic Flying Eagle Penny?
1857 Flying Eagle Cent| 1857 Flying Eagle Penny: Collectors Notes
Collectors Notes On The 1857 Flying Eagle Cent:
The 1857 Flying Eagle Cent was the first full year of issue for this coin. The 1856 Flying Eagle Cent was struck in low quantities and used to "advertise" the new small sized cent.
It was given to newspaper editors, politicians, and other men of influence who could sell the idea of the small cent to a public who had been saving and spending the Large Cent for years. The intrinsic value of a coin was very important in those days, and the idea of a smaller cent would lead many to feel they were being short changed the difference of the value between a large and small copper coin. Only 800 circulation strikes were minted in 1856.
The Philadelphia mint struck 17,450,000 examples of the 1857 Flying Eagle Cent and these were all eagerly snapped up.
The Coinage a Act of February 12th, 1857 allowed for the redemption of older worn copper cents and certain foreign coinage like the Spanish Reales that had been in use since before the US founding. Many of these Reales were worn slick from use, and the act would replace the old coins with bright shiny copper nickel Flying Eagle Pennies.
The mint could not keep up with the demand, and those who were lucky enough to get possession of the 1957 Flying Eagle Cent would often sell a portion of their pennies at a premium to those not as fortunate. This continued into the 1858 year, when an additional 24,600,000 coins were minted.
Initially, the 1857 Flying Eagle Cent was heavily saved as a curiosity, and the fact that large numbers of them were "paid out" for old coppers and reales may have helped with survivability. Only a few at a time could be spent, so many were bundled into bags of 25, 50 or 100 quantity, limiting the wear from personal contact. By 1863 the Civil War would cause all coinage to be removed from circulation as people hoarded coins in uncertain times. After the War they came back into circulation and stayed there till the 1870's, when The Mint Act of 1871 gave the Mint the authority to redeem old copper nickel and bronze coins for new Indian Head Pennies. The redeemed coins were melted and used to mint more pennies.
As a result of this, most examples of the 1857 Flying Eagle Cent are either heavily worn (fine or below) or Uncirculated. Finding an excellent 1857 Flying Eagle Cent in Extremely Fine Or About Uncirculated condition is a difficult task.
1857 Flying Eagle Cent Value:
G-4 $27.50 VG-8 39.00 F-12 $40.00 VF-20 $47 XF-40 $125 AU-50 $165 MS-60 $320 MS-65 $3500
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 1857 1858 FLYING EAGLE ONE CENT US $14.50
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 1857 Flying Eagle Cent US $35.00
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 1857 PRE CIVIL WAR FLYING EAGLE CENT NICE US $7.88
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 1857 Flying Eagle Cent DDO FS 101 VFNGC Details US $199.95
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 1857 FLYING EAGLE PENNY OLD USA COIN IN 2X2 HOLDER US $2.25
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 1857 Flying Eagle Cent Coin US $35.00
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 1857 Flying Eagle US $7.99
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 1857 Flying Eagle Cent Circulated 11071 US $14.50
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 1857 Flying Eagle Cent VG Cleaned 11072 US $22.50
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 1857 Flying Eagle Cent VF Nice US $15.51
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 1857 Flying Eagle Cent US $4.99
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 1857 FLYING EAGLE Cent US COIN Copper Nickel NICE DATE US $14.99
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The 1857 Flying Eagle Cent is readily available in both circulated and uncirculated grades on eBay!
The Flying Eagle Penny: The First Small Cent Issued By The US Mint!
The Flying Eagle Penny is one of the more popular coins for US collectors.
The 1856 Flying Eagle Penny is one of the rarest and most expensive of all key date US coins, with only an estimated 800 or so circulation strikes and 1500 proof strikes.
The Flying Eagle Penny was brought into production because around the time of its release the cost of copper was causing the Mint to lose money in producing the classic Large Cent design. Prices of copper at that time were around 42 cents a pound and the Mint had calculated that when the cost of copper was at or above this level, it would incur a loss on these coins when manufacturing costs were factored in.
This was troubling for the Mint because producing Large Cents had long been a profit center due to the fact that they had cost much less than a cent to produce and the difference, or "seignorage" went directly to the Mint's bottom line.
The lineage of the Flying Eagle Penny can be traced back to the Feuchtwanger's Tokens proposed by Dr. Lewis Feuchtwanger in the late 1830's.
Feuchtwanger had spent a lot of time trying to convince Congress to use his Feuchtwanger's composition, a silvery alloy of nickel copper and zinc, in US coinage. This "German Silver" had a light colored composition similar to the copper nickel all0y that would be used in the Flying Eagle Penny. These also had an eagle motif with a feather design similar to that of the Flying Eagle Penny. Although his pattern was never adopted, Feuchtwanger's Tokens would later circulate as money as a result of the coin shortages of the early 1940's.
The design of the Flying Eagle Penny was based on the Flying Eagle design that Christian Gobrecht had designed in 1838 for use in US half dollars.
The reverse featured a wreath designed by James Longacre for use on $1 and $3 US gold coins. Longacre engraved the dies designed for the minting of the Flying Eagle Penny and later achieved fame as the designer of the classic Indian Head penny. The composition of the Flying Eagle Penny was set at 88% copper and 12% nickel.
The 1856 Flying Eagle Penny was minted in low quantities to "educate" the public about this new size cent. Large Cents had been in circulation since the Mint's founding, and people were more vocal about changes in the country's money in the 1850's than they are now. Coins of this time were designed to guarantee a fixed amount of a metal's intrinsic value in each coin, and the reduction of size in the cent could have been viewed as the government trying to "cheat" the possessor of the smaller coin out of a specific amount of intrinsic value. These coins were minted for distribution to newspaper editors, congressmen, & other "influential" individuals who could get the word out and create a favorable view of the coins. Word got out about the new coins and soon the 1856 Flying Eagle Penny was being traded at a premium of 50 cents to a dollar a coin. This was at a time when $2 was more than a day's pay for many people, which is quite remarkable.
The Mint struck 17,450,000 examples of the 1857 Flying Eagle Penny and 24,600,00 examples of the 1858 Flying Eagle Penny. These were soon snapped up by an eager public, who were taking advantage of a program where they could turn in their worn and damaged coppers and Spanish Reales for the Flying Eagle Penny. Supply could not keep up with demand and the lucky folks who got a hold of the Flying Eagle Penny often sold them at a premium to those less lucky. But the Mint was not as happy with the Flying Eagle Penny. Mint director James Snowden decided that the design of the coin caused it to strike poorly and after a run of only three years, the Flying Eagle Penny was replaced by the Indian Head penny.
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 1858 FLYING EAGLE CENT SMALL LETTERS NICE DETAIL US $15.00
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 1858 FLYING EAGLE CENT SMALL LETTERS nice details US $29.00
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 1858 FLYING EAGLE CENTNICE COINA US $9.99
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1857 1858 FLYING EAGLE ONE CENT US $14.50
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 1858 SL FLYING EAGLE CENT CH EF US $99.00
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1857 Flying Eagle Cent US $35.00
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 1858 ANACS VF35 Details Lg Lts Flying Eagle Cent NR US $28.00
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 1858 US FLYING EAGLE CENT SMALL LETTERS NICE COIN NR US $21.75
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The Flying Eagle penny is easy to find on eBay!