1857 1C Flying Eagle MS64 Certification #83612384, PCGS #2016

Expert Comments

Ron Guth

In 1857, the U.S. Mint produced two different Cents: the old-style Large Cent and a new, smaller cent with an eagle flying left across the obverse.  One of the motivating factors for the creation of the new "Small" Cent was the high price of copper.  Each new Small Cent required less than half the amount of copper than the Large Cent, yielding significant savings for the U.S. Treasury.

To introduce the new design, the Mint produced a then-record high 17,450,000 Flying Eagle Cents, making it the first Cent with a mintage over 10 million coins.  Because of public and collector interest, large quantities were saved, making it very easy to find an example today.  Mint State examples are quite common and are usually seen in MS-64 (and to a lesser degree in MS-63).  Gems are only slightly scarce, but in MS-66 the population drops precipitously.  As of July 2011, none have been graded finer then MS-66 by PCGS.

Diameter
19.00 millimeters
Designer
James Barton Longacre
Edge
Plain
Mintage
17450000
Weight
4.70 grams
Metal Content
88% Copper, 12% Nickel
Region
The United States of America
Pop Higher
341
Pop Lower
4214
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 12000 R-2.9 5 / 5 5 / 5
All Grades 4000 R-4.2 5 / 5 5 / 5
60 or Better 300 R-6.4 5 / 5 5 / 5

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS66 PCGS grade MS66 PCGS grade

Tom & Jean Fore Collection - Heritage 1/2016:5232, $18,800

1 MS66 PCGS grade

Wright Collection

1 MS66 PCGS grade MS66 PCGS grade
1 MS66 PCGS grade MS66 PCGS grade
1 MS66 PCGS grade