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The Flying Eagle Cent of 1858, specifically the Large Letters variety, is a coin steeped in history and numismatic significance. Graded as Very Good (VG), this one-cent piece is part of the remarkable series that marked a transition in American coinage.
The Flying Eagle Cent series was introduced in 1857 as a response to the need for a more practical and smaller denomination coin. The 1858 issue, featuring Large Letters, builds upon the design of its predecessor and represents 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 encompasses 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, emphasizing the coin's fractional value within the U.S. monetary system.
The minting process for the 1858 Large Letters Flying Eagle Cent introduced an innovative 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 1858 Large 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 figure may seem substantial, it is crucial to acknowledge that not all of these coins have survived over the years, making well-preserved examples highly coveted 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 essential for everyday transactions and commerce.
Now, let's explore the specific condition of the 1858 Large 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.
The 1858 Large Letters Flying Eagle Cent in Very Good condition is a numismatic treasure with a rich history and 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 realm 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 remains a prized piece for collectors who appreciate its historical and aesthetic value.