Lot 1040
1856 Flying Eagle Cent. PCGS graded Proof 50. The key date to this short-lived series! Lightly toned over clean, crisp surfaces. The coin actually looks much nicer than the grade would indicate. Apart from some trivial friction on the high points, there is a small hit on the ear of corn on the left side of the wreath. Always in strong demand because of its tiny mintage and the all-important date.
The 1856 Flying Eagle was the first design of the Small Cent denomination, an innovative experiment to produce a smaller, less expensive coin than the bulky, costly Large Cents. For the first time, at least as far as coins were concerned, the government was asking the public to accept as money coins that did not contain their full value in metal. The experiment worked and the Small Cent lives on today! (PCGS # 2037) .
Estimated Value $6,000 - 6,500.
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| Realized $8,625 |
