When it comes to iconic coins in American numismatics, the Flying Eagle cent holds a special place in the hearts of collectors. Minted from 1856 to 1858, this coin marked the first time the United States issued a one-cent piece in a new, smaller size. Among the many variations of this historic coin, the 1857 Flying Eagle cent, graded PCGS MS65, stands out as a remarkable specimen worth exploring.
Historical Background
The Flying Eagle cent was designed by the renowned engraver James B. Longacre, who was also the Chief Engraver of the U.S. Mint. The design features a majestic eagle in flight, symbolizing freedom and opportunity, and was an innovative departure from the larger large cents that preceded it. The introduction of the Flying Eagle cent was also a response to the economic challenges of the time, as the country sought to streamline its currency.
The 1857 Minting
The year 1857 was significant in many ways. It was the year that the U.S. economy faced a severe downturn, leading to the infamous Panic of 1857. Despite these challenges, the U.S. Mint produced approximately 20 million Flying Eagle cents that year, making it the most widely circulated of the series. However, many coins did not survive in pristine condition, which makes high-grade examples, such as the MS65, highly sought after.
What Makes the MS65 So Special?
Graded by the Professional Coin Grading Service (PCGS) as MS65, this particular Flying Eagle cent is a true gem. Here are some characteristics that make it stand out:
Quality and Detail: An MS65 grade indicates that the coin has excellent eye appeal and strong, original luster. The details of the eagle and the surrounding elements are sharply defined, showcasing the artistry of Longacre’s design.
Rarity: While millions of Flying Eagle cents were minted, very few have survived in this condition. The combination of age, circulation, and the general tendency of coins to wear over time means that high-grade examples are rare.
Collectible Value: Coins graded MS65 or higher are in high demand among collectors and investors alike. This particular 1857 Flying Eagle cent has seen appreciation in value over the years and represents a solid investment in numismatics.
The Significance of the Flying Eagle Cent Today
The Flying Eagle cent is not just a beautiful piece of history; it also represents a time of transition in American currency. The introduction of smaller coins helped to standardize U.S. coinage and set the stage for future designs. Today, collectors prize these coins not only for their historical significance but also for their artistic merit.
The 1857 PCGS MS65 Flying Eagle cent is more than just a coin; it’s a piece of American history that captures a pivotal moment in our nation's past. Whether you're a seasoned collector or a newcomer to numismatics, this coin serves as a reminder of the resilience of the American spirit and the beauty of our currency. If you have the chance to acquire one of these stunning coins, consider it not just an addition to your collection but a connection to the past that will be cherished for generations to come.
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