In a story that has fascinated collectors and history enthusiasts alike, a rare 1856 Flying Eagle Cent was found at an antique market and later sold for an impressive $25,000. This unexpected discovery highlights the value of rare coins and the hidden treasures that can be found in everyday places.
The Historical Importance of the 1856 Flying Eagle Cent
The 1856 Flying Eagle Cent is more than just a coin — it’s a milestone in American numismatic history. Designed by James B. Longacre, it marked the transition from the large copper cents to the modern small-size cents used today.
This coin features a bold flying eagle on the obverse, with a wreath and the denomination on the reverse. While officially struck as a pattern coin, the U.S. Mint produced around 1,500 to 2,500 pieces in 1856 for distribution to members of Congress and government officials to showcase the proposed new design.
Due to its limited mintage and historical significance, the 1856 Flying Eagle Cent is a highly sought-after rarity among collectors.
Antique Market Surprise: The Details of the Find
The coin was discovered by a sharp-eyed collector at a local antique market. Recognizing its unique design and potential value, the buyer had the coin authenticated and professionally graded.
It received a Proof 63 (PR63) grade from the Professional Coin Grading Service (PCGS), meaning it’s a well-preserved specimen with only minor imperfections. Even more impressively, it was awarded a CAC (Certified Acceptance Corporation) sticker, confirming it meets the highest standards for quality within its grade.
How Much Is a 1856 Flying Eagle Cent Worth?
The market value for this rare coin can vary dramatically based on its condition and grading. Here’s a breakdown of recent estimates:
Estimated Value by Grade:
| Grade | Estimated Value |
|---|---|
| Good (G) | $8,000 – $10,000 |
| Very Fine (VF) | $15,000 – $20,000 |
| Extremely Fine (XF) | $20,000 – $25,000 |
| Proof 63 (PR63) | $25,000 – $30,000 |
| Proof 67+ (PR67+) | Up to $312,000 |
One of the highest recorded sales was a PR67+ graded Flying Eagle Cent which sold for a staggering $312,000 at a Heritage Auctions event. These numbers show how valuable these early American coins can be, especially when properly graded and authenticated.
The Importance of Coin Grading and Authentication
Professional evaluation is key when it comes to rare coins. Reputable organizations like PCGS and CAC verify a coin’s authenticity and assess its quality. A coin with high-grade certification and CAC approval will attract serious buyers and command premium prices.
The recently discovered coin’s PR63 grade and CAC sticker played a major role in its impressive $25,000 sale — a strong testament to the power of proper grading in numismatics.
A Reminder for Collectors and Antique Hunters
This story is a powerful reminder that history can show up in unexpected places — even at your local antique market. With the right knowledge, patience, and a keen eye, you could stumble upon a forgotten treasure worth thousands.
The 1856 Flying Eagle Cent continues to inspire collectors and investors alike. As interest in rare U.S. coins grows, finds like this only add fuel to the fire, encouraging more people to explore the fascinating world of numismatics.
FAQs
Why is the 1856 Flying Eagle Cent so valuable?
It’s the first small-sized U.S. cent ever minted, produced in very limited quantities, and holds immense historical significance. These features, combined with collector demand, make it highly valuable.
How do I authenticate a rare coin?
You can submit your coin to professional grading services like PCGS or NGC. They offer authentication, grading, and encapsulation to preserve the coin’s integrity and market value.
Where can I sell a rare coin?
Rare coins can be sold through reputable coin dealers, specialized auction houses, or certified online platforms that focus on numismatics. Always ensure the buyer is trustworthy and experienced.