1856 1C MS65 PCGS....

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Sold on Apr 30, 2009 for:

$34,500.00 Bid Source: Internet bidder

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Significant 1856 Flying Eagle Cent MS65

1856 1C MS65 PCGS. Snow-9. Die Stage D. A diagonal die polish line crosses the U in UNITED to reach the eagle's beak, and wispy die cracks (as made) extend below the point of the beak and above the top left cotton leaf. A tiny center dot is found beneath the upper left serif of the N in CENT, and a brief spur (as made) extends from the left (facing) wreath stem.
Although PCGS has certified this cent as a business strike, the razor-sharp definition on the devices and the moderately mirrored fields are suggestive of a proof. In recent years, PCGS has certified all 1856 Flying Eagle cents as proofs, to sidestep the difficulty of determining proof or business strike status.
The present Gem is light golden-brown with streaks of lilac hues in the fields. The strike is needle-sharp, and only the patient observer armed with a strong lens will be able to locate the few tiny surface imperfections.
The 1856 Flying Eagle cent is among the most famous and historically important coins in American numismatics. The Guide Book estimates 2,000 pieces were minted, which is the lowest production of any small cent date. Technically a pattern, Judd-180, survivors are found in all grades. Assumedly, pieces were released into circulation under circumstances similar to the issue of pattern Gobrecht dollars a generation earlier. The flying eagle motif on the reverse of the Gobrecht dollar was resurrected for the obverse design. Most Uncirculated 1856 cents grade between MS62 and MS64. Gems are both rare and desirable. Population: 13 in 65, 2 finer (2/09).
Ex: FUN Signature (Heritage, 1/2004), lot 2009, which realized $48,875.
From The Joseph C. Thomas Collection.(Registry values: N10218)

Coin Index Numbers: (PCGS# 2013, GSID# 15310)

Metal: 88% Copper, 12% Nickel
Weight: 4.70 grams
Weight: 0.14589oz
Mintage: 1,000

View all of [The Joseph C. Thomas Collection, Part One ]

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