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The Flying Eagle Cent of 1857, graded as Very Good (VG), is a coin with a rich history and intriguing design. This one-cent piece represents a pivotal moment in American numismatics as it marked the transition from large cents to smaller, more convenient coins.
The Flying Eagle Cent series, introduced in 1857, was a response to the need for a more practical and economical small cent coin. The 1857 issue was the first year of this new design and holds a special place in numismatic history. Prior to this, large cents were the standard one-cent denomination, but they were deemed cumbersome for everyday transactions.
The obverse of the 1857 Flying Eagle Cent features a striking depiction of a bald eagle in flight. With its wings outstretched and talons poised, the eagle symbolizes the strength and freedom of the United States. Surrounding the eagle is the inscription "UNITED STATES OF AMERICA," proudly declaring the coin's national identity. On the reverse side, a laurel wreath encircles a central shield. The laurel leaves represent victory and honor, while the shield signifies the unity and strength of the nation. Within the wreath, the denomination "ONE CENT" is prominently displayed, emphasizing the coin's fractional value within the U.S. monetary system.
The minting process for the 1857 Flying Eagle Cent introduced a new technique known as the "wide collar." This method allowed for precise alignment of the coin's edge during striking, resulting in improved quality and consistency. The use of the wide collar technique set a standard for future coinage in the United States.
Mintage figures for the 1857 Flying Eagle Cent are noteworthy. This coin was produced exclusively at the Philadelphia Mint, with a total mintage of approximately 17,450,000 pieces. While this figure may seem substantial, it is important to consider that not all of these coins have survived to the present day, making well-preserved examples highly sought after by collectors.
The denomination of the Flying Eagle Cent, one cent, reflected its fractional value within the U.S. monetary system during the mid-19th century. At that time, a single cent had greater purchasing power than it does in today's economy, making these coins essential for everyday transactions and commerce.
Now, let's examine the specific condition of the 1857 Flying Eagle Cent in the "Very Good" grade. Coins in Very Good condition exhibit wear due to circulation, with some loss of detail in the design elements. On the obverse, the feathers of the eagle may show noticeable wear, but the overall design remains discernible. The date is typically readable, albeit with some flattening of the numerals. The reverse side displays a similarly worn laurel wreath and central shield, with inscriptions remaining legible.
In summary, the 1857 Flying Eagle Cent in Very Good condition is a historically significant and collectible coin. Its innovative design, introduction of the wide collar minting technique, mintage figures, denomination, and the specific characteristics of the Very Good grade all contribute to its importance in the world of numismatics. This coin serves as a tangible reminder of the United States' transition to a more practical and efficient one-cent coin and remains a favorite among collectors who appreciate its historical and aesthetic value.