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The 1858 Flying Eagle Cent with Large Letters in Very Fine (VF) condition is a remarkable specimen that offers collectors and enthusiasts a glimpse into the history of American coinage during a transformative era. This one-cent coin is a testament to the United States' ongoing efforts to create a practical and efficient small denomination coin.
The Flying Eagle Cent series, introduced in 1857, marked a significant moment in U.S. coinage history. The 1858 issue, the second year of this new small cent denomination, was a pivotal step in addressing the need for a more cost-effective and convenient one-cent coin. This transition from large cents to smaller, lighter coins was driven by practicality and economic considerations.
The obverse design of the 1858 Flying Eagle Cent features a majestic bald eagle in flight, symbolizing the nation's strength and soaring spirit. With its wings gracefully spread and talons poised for action, the eagle embodies the ideals of freedom and courage. Encircling the eagle is the inscription "UNITED STATES OF AMERICA," proudly declaring the coin's national identity. On the reverse of the coin, a laurel wreath encircles a central shield. The laurel leaves signify victory and honor, while the shield represents the unity and strength of the United States. Inside 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 1858 Flying Eagle Cent involved a specialized technique known as the "wide collar." This innovative method allowed for precise alignment of the coin's edge during striking, contributing to the coin's overall quality and uniformity. The use of this technique set a standard for future coinage in the United States.
Mintage figures for the 1858 Flying Eagle Cent are of particular interest to collectors. This coin was exclusively minted at the Philadelphia Mint, with a total mintage of approximately 24,600,000 pieces. While this figure may seem substantial, it is essential to note that not all of these coins have survived in Very Fine condition, making well-preserved examples highly desirable among 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 trade.
Now, let's examine the specific condition of the 1858 Flying Eagle Cent in the "Very Fine" grade. Coins in Very Fine condition exhibit moderate wear due to circulation, with more defined details than coins in lower grades. On the obverse, the eagle's feathers and features remain relatively sharp, and the date is clearly visible. The reverse side displays a well-defined laurel wreath and central shield, with inscriptions remaining legible.
In summary, the 1858 Flying Eagle Cent with Large Letters in Very Fine condition is a noteworthy addition to any coin collection. Its distinctive design, innovative minting process, mintage figures, denomination, and the specific characteristics of the "Very Fine" grade all contribute to its significance within the realm of numismatics. This coin serves as a tangible link to a transformative period in U.S. coinage and continues to be highly sought after by collectors who appreciate its historical and aesthetic value.