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Lot
7027

1858 1C Small Letters PR65 NGC. Snow-PR1....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 4 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1858 Small Letters Flying Eagle Cent, PR65
One of Perhaps 75 Extant Pieces
1858 1C Small Letters PR65 NGC. Snow-PR1. High Leaves Reverse. The Small Letters variant of the 1858 Flying Eagle cent is believed to have been the work of Assistant Engraver Anthony C. Paquet. Most collectors know to look at the AM in AMERICA to distinguish between the Small Letters and Large Letters coins, but Snow (2001) also notes the eagle's head is boxier and its feathers are sharper on examples of the former variety.
The ultimate representative of either variant of the 1858 cent must surely be one of the rare proofs. We do not know exactly how many specimen strikings of the Small Letters version were originally prepared by the Philadelphia Mint, but it is currently believed that about 100 pieces were produced. Noted Flying Eagle and Indian cent authority Rick Snow opines that no more than 75 examples are extant, a figure that, if correct, would place the 1858 Small Letters about on par with the proof 1857 in terms of overall rarity. Proof Flying Eagle cents from both 1857 and 1858 are considerably more difficult to locate than their more widely publicized counterparts dated 1856.
Both sides of this Gem present well for the grade. The otherwise medium tan color yields to a patchwork of beautiful pastel-lilac and pale green iridescence. The fields are moderately reflective. Pinpoint striking definition is apparent, as is the virtual absence of distracting handling marks.
Ex: Central States Signature (Heritage, 5/2003), lot 5133.
From The Mile High City Collection.(Registry values: N7079) (NGC ID# 227D, PCGS# 2043)

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