Flying Eagle Pennies are a favorite among coin collectors due to their unique design and short history. Minted for only three years from 1856 to 1858, these coins are a rare piece of America’s past. In this article, we’ll explore what makes these pennies special, their history, and why they’re a must-have for any coin collection. Let’s dive into the world of Flying Eagle Pennies!
What Are Flying Eagle Pennies?
Flying Eagle Pennies were the first small-sized cents made by the U.S. Mint. Before these, pennies were larger and heavier. These coins were introduced to make everyday transactions easier and are now prized for their historical and collectible value.
Design of the Flying Eagle Penny
The Flying Eagle Penny has a simple yet striking design, created by James Barton Longacre:
- Front (Obverse): Shows an eagle in flight, symbolizing freedom and strength.
- Back (Reverse): Features a wreath made of corn, wheat, cotton, and tobacco, representing America’s agriculture.
- Material: Made of 88% copper and 12% nickel, giving it a lighter color compared to modern pennies.
- Size: Smaller than earlier large cents, measuring about 19mm in diameter.
A Brief History
The Flying Eagle Penny was minted for just three years:
- 1856: A test year with very few coins made, making these extremely rare and valuable.
- 1857–1858: Regular production years, but still limited compared to later pennies.
These coins were created to replace the bulky large cents, which were costly to produce and less practical for daily use. By 1859, the Indian Head Cent took over, ending the Flying Eagle’s short run.
Why Are Flying Eagle Pennies Popular?
Collectors love Flying Eagle Pennies for several reasons:
Rarity and Value
Because they were only minted for a short time, these coins are hard to find, especially in good condition. The 1856 Flying Eagle Penny, in particular, is a collector’s dream, with some selling for thousands of dollars at auctions.
Historical Significance
These pennies were used during a time of change in America, just before the Civil War. They represent an important shift in U.S. coinage history.
Beautiful Design
The flying eagle and agricultural wreath make these coins visually appealing, adding to their charm for collectors.
Key Features to Look for in Flying Eagle Pennies
When collecting these coins, here are some things to keep in mind:
Condition and Grading
The condition of a coin affects its value. Coins are graded on a scale from Poor (P) to Mint State (MS). A coin in “Mint State” (like new) is worth more than one that’s worn out.
- Good (G): Worn but details are visible.
- Fine (F): Clearer details, some wear.
- Mint State (MS): Nearly perfect, as if just minted.
Key Dates and Varieties
The 1856 Flying Eagle Penny is the rarest due to its limited production. Other varieties, like coins with errors (e.g., misprinted dates), can also be valuable.
Authenticity
Since these coins are valuable, fakes exist. Buy from trusted dealers and look for coins certified by grading services like PCGS or NGC.
How to Start Collecting Flying Eagle Pennies
Ready to add Flying Eagle Pennies to your collection? Here’s how to begin:
Research and Learn
Read about coin collecting and Flying Eagle Pennies. Books, online guides, and collector forums are great places to start.
Find Reputable Sellers
Buy from trusted coin dealers, auction houses, or online marketplaces with good reviews. Avoid deals that seem too good to be true.
Store Coins Safely
Keep your coins in protective holders or albums to prevent scratches or damage. Handle them by the edges to avoid fingerprints.
Attend Coin Shows
Coin shows are a fun way to find Flying Eagle Pennies, meet other collectors, and learn from experts.
Tips for Finding Rare Flying Eagle Pennies
Hunting for rare coins can be exciting! Try these tips:
- Check Online Auctions: Websites like eBay or Heritage Auctions often list Flying Eagle Pennies, but verify seller ratings.
- Join Coin Clubs: Local or online clubs can connect you with collectors who might trade or sell rare coins.
- Look for Errors: Coins with minting mistakes, like double-stamped letters, can be worth more.
Conclusion: Start Your Flying Eagle Penny Collection Today
Flying Eagle Pennies are a treasure for coin collectors, offering a mix of history, rarity, and beauty. Whether you’re new to collecting or a seasoned enthusiast, these coins are a fantastic addition to any collection. Start exploring, learn about their unique features, and hunt for your own piece of American history. Happy collecting!