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The Flying Eagle Cent of 1858 with Small Letters, in the About Good (AG) condition, holds a special place in American numismatic history. This particular coin offers a fascinating glimpse into the past, representing a significant era in the development of United States coinage. The Flying Eagle Cent of 1858 is a noteworthy coin, marking a transition from the larger, cumbersome one-cent pieces of earlier years to a more compact and practical format. This change was driven by the need for coins that were more suitable for everyday commerce in a rapidly growing nation.
On the obverse of the coin, a majestic bald eagle is depicted in flight, its wings outstretched and talons extended. This iconic design symbolizes the strength and freedom of the United States. Encircling the eagle, the inscription "UNITED STATES OF AMERICA" proudly declares the nation's identity and unity. Flipping the coin to its reverse side, you'll find a central wreath made up of laurel leaves, symbolizing victory and honor. Within the wreath, the denomination "ONE CENT" is prominently displayed, emphasizing the coin's fractional value within the U.S. monetary system. The Small Letters variety of this coin is characterized by the finer and less pronounced letters in the inscription.
The minting process for the 1858 Flying Eagle Cent involved the use of a copper-nickel alloy, which was a departure from the pure copper composition of earlier large cents. This change not only reduced the coin's size but also made it more durable and resistant to wear. The adoption of the copper-nickel alloy paved the way for the eventual introduction of the small cent, a denomination still in circulation today.
Regarding mintage figures, the 1858 Flying Eagle Cent with Small Letters was exclusively produced at the Philadelphia Mint, with an estimated mintage of around 24,600,000 pieces. While this number may seem substantial, it's important to note that over time, many of these coins have been lost or heavily circulated, making well-preserved examples highly sought after by collectors.
The coin's denomination, one cent, reflects 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 today, making these coins essential for everyday transactions and commerce.
Now, let's explore the specific condition of the 1858 Flying Eagle Cent in the "About Good" grade. Coins in this condition have seen extensive circulation and exhibit significant wear. On the obverse, the feathers of the eagle are heavily worn, and the overall design shows noticeable flattening. The date may be partially worn or barely legible. On the reverse side, the laurel wreath and central shield also display substantial wear, with inscriptions remaining faint but still decipherable.
In conclusion, the 1858 Flying Eagle Cent with Small Letters in About Good condition is a numismatic treasure with a rich history and distinctive design. Its role in the evolution of U.S. coinage from large copper cents to smaller, more practical coins is a testament to its significance. This coin serves as a tangible link to a pivotal moment in American numismatic history and continues to be cherished by collectors who appreciate its historical and aesthetic value.