Wednesday 22nd February 2012

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Flying Eagle Cent 1856 - 1858

Slow to respond, in the 1850s Mint officials finally became willing to deal with the problems caused by the large cents since 1793. The large copper cents (because of their size) were too cumbersome and unpopular, they were also uneconomical to make. Additionally, there were still many small Spanish silver coins circulating in the United States which made the need for a smaller US coin obvious.

Sparked by the widespread use of tokens, the idea of fiduciary coinage, based on the trustworthiness of the issuing authority, not on the coin’s intrinsic value, was beginning to catch on as well. Large Copper coins were on their way out, but it was the large numbers of small Spanish colonial silver coins in use that finally made it imperative that smaller cents should be struck.

Vital Stats.

Designer: James Barton Longacre using Christian Gobrecht's eagle design
Diameter: 19 millimeters
Weight: 4.7 grams
Content: 88% copper 12% nickel
Edge: Plain
Mint Mark: None (Philadelphia)

I View Grading
Year
Mint
Circulation
Strikesc
1856 Key CoinAbout 750
185717,450,000
185824,600,000

The coinage law of February 21, 1857 gave Snowden the means to perge the halls of commerce of foreign coins. In addition to abolishing the half cent, the law also specified that the new cents would weigh 72 grains and be composed of 88% copper and 12% nickel, and that they were redeemable for the old copper cents and half cents.But the most important provision as far as Snowden was concerned was the one that permitted the Mint to redeem Spanish double-reales, reales and medios at the rate of 25, 12-1/2, and 6-1/4 cents, respectively, for the new cents. All other government offices would only convert them at 20, 10, and 5 cents respectively, therefore, banks were very desirous of exchanging as many of the Spanish coins as possible. When the Flying Eagle cents were first released on May 25, 1857, more than a thousand people were at the mint building to convert their old Spanish coins and large coppers.

"Flying Eagle" One Cent

1856 Flying Eagle Cent Obv 1856 Flying Eagle Cent Rev

1858 Flying Eagle Large Letter Example
1858 Flying Eagle Small Letter Example

Designed by James B. Longacre, the Flying Eagle motif was actually an adaptation of the design used on pattern silver dollars twenty years before. The eagle figure had originally been drawn by Titian Peale and sculpted by Christian Gobrecht. The reverse wreath was similarly adapted from the model Longacre had made for the 1854 one and three dollar gold pieces.

The relationship of the head of the eagle, the tail of the eagle (both on the front) and the wreath (on the reverse) when added to increased striking pressure (in order to show the eagles feathers) all led to frequent die breakage on the "Flying Eagle" cent. After three years of production the "Flying Eagle" was suspended.

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