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The Flying Eagle Cent of 1858, specifically the Small Letters variety, holds a significant place in the annals of American numismatics. Graded as Very Good (VG), this one-cent coin bears witness to a transformative period in U.S. coinage history.
The Flying Eagle Cent series was introduced in 1857 as a response to the need for a smaller and more practical one-cent coin. The 1858 issue, featuring Small Letters, builds upon the design of its predecessor, representing a pivotal moment in American numismatics.
On the obverse side of the coin, a majestic bald eagle is depicted in flight. With its wings gracefully spread and talons extended, the eagle symbolizes the strength and freedom of the United States. Encircling the eagle, the inscription "UNITED STATES OF AMERICA" proudly proclaims the nation's identity and unity. Turning to the reverse, a wreath of laurel leaves gracefully encircles a central shield. The laurel leaves symbolize victory and honor, while the shield represents the nation's strength and unity. Within the wreath, the denomination "ONE CENT" is prominently displayed, underscoring the coin's fractional value within the U.S. monetary system.
The minting process for the 1858 Small Letters Flying Eagle Cent was marked by innovation. This coin introduced the "wide collar" technique, a method that allowed for precise alignment of the coin's edge during striking, resulting in enhanced quality and consistency. The use of the wide collar technique set a new standard for coinage in the United States.
Mintage figures for the 1858 Small Letters Flying Eagle Cent are notable. These coins were exclusively produced at the Philadelphia Mint, with a total mintage of approximately 24,600,000 pieces. While this number may appear substantial, it is essential to recognize that not all of these coins have survived the test of time, 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 held more purchasing power than it does in today's economy, making these coins indispensable for everyday transactions and commerce.
Now, let's delve into the specific condition of the 1858 Small Letters Flying Eagle Cent in the "Very Good" grade. Coins in Very Good condition exhibit noticeable wear due to circulation. On the obverse, the feathers of the eagle may display wear, and the overall design shows signs of flattening. The date, while somewhat worn, remains legible. On the reverse side, the laurel wreath and central shield also exhibit wear, with inscriptions remaining readable.
In conclusion, the 1858 Small Letters Flying Eagle Cent in Very Good condition represents a numismatic treasure with a storied history and exquisite design. Its introduction of the wide collar minting technique, mintage figures, denomination, and the specific characteristics of the Very Good grade all contribute to its significance in the world of coin collecting. This coin serves as a tangible link to the United States' transition to a more practical and efficient one-cent coin, and it continues to be cherished by collectors who appreciate its historical and aesthetic value.