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The Flying Eagle Cent of 1858 with Small Letters, in Very Fine (VF) condition, is a numismatic treasure that offers collectors and enthusiasts a fascinating glimpse into the rich history of American coinage. This coin, though small in denomination, played a significant role in the evolution of U.S. currency. In this description, we will delve into the coin's history, its iconic design, the minting process, mintage figures, denomination, and the significance of its condition within the realm of coin collecting.
The Flying Eagle Cent series was introduced in 1857 as a response to the need for a smaller and more cost-effective one-cent coin. Prior to this, the large cent was in circulation, but it proved impractical for everyday transactions. The 1858 Small Letters variety is distinguished by subtle differences in the design elements and is highly sought after by collectors.
The obverse of the coin features a magnificent bald eagle in flight, its wings gracefully extended and its talons clutching a bundle of arrows. This eagle symbolizes the nation's readiness for defense and protection of its principles. Encircling the eagle is the inscription "UNITED STATES OF AMERICA," proudly declaring its national identity. On the reverse side of the coin, a wreath composed of laurel leaves encircles a central shield. The laurel leaves represent victory and honor, while the shield signifies the strength and unity of the United States. Inside the wreath, the denomination "ONE CENT" is prominently displayed, emphasizing its fractional value within the U.S. monetary system.
What sets the 1858 Small Letters Flying Eagle Cent apart is its innovative minting process. These coins were struck using a "narrow collar" technique, where a collar was employed during the striking process to ensure uniform dimensions and improved production efficiency. This method was a significant advancement in coin minting and set a standard for future coinage techniques.
Examining mintage figures, the 1858 Small Letters Flying Eagle Cent was minted exclusively at the Philadelphia Mint. The total mintage for this variety was approximately 24,600,000 pieces. While this figure may appear substantial, it is essential to remember that not all of these coins have survived in excellent condition, making well-preserved examples prized among collectors.
The denomination of the Flying Eagle Cent is one cent. During the mid-19th century, a single cent had more purchasing power than it does today, making these coins crucial for everyday transactions, commerce, and trade.
Turning our attention to the coin's condition, "Very Fine" (VF) is a grade that indicates moderate wear from circulation. In this state, the coin retains a significant amount of its original detail, although some of the finer features may exhibit slight flattening due to handling and use. Despite the wear, a Very Fine 1858 Small Letters Flying Eagle Cent still possesses a strong visual appeal and historical significance.
In summary, the 1858 Small Letters Flying Eagle Cent in Very Fine (VF) condition represents a captivating chapter in American numismatic history. Its iconic design, innovative minting process, mintage figures, denomination, and well-preserved condition all contribute to its desirability among collectors and numismatic enthusiasts who appreciate its role in shaping the landscape of U.S. coinage.