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The Flying Eagle cent is a one-cent piece struck by the Mint of the United States as a pattern coin in 1856 and for circulation in 1857 and 1858. The coin was designed by Mint Chief Engraver James B. Longacre , with the eagle in flight based on the work of Longacre's predecessor, Christian Gobrecht .
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The Coinage Act of 1857 repealed prior legal tender laws concerning foreign specie. It fixed the weight and measure of US one-cent pieces at 4.655 grams, which was composed of 88% copper and 12% nickel. It also mandated that this new copper/nickel alloy be received as payment for the worn gold and silver coins turned in at the mint.
Patterns for the Flying Eagle cent were struck in 1854, and proved to be a suitable replacement for the large cent. The small cent was approved for production in 1856, and several thousand 1856 Flying Eagle cents were sold to collectors. Full-scale production commenced in mid-1857, replacing the large cent last struck earlier that year. [13]
The flying eagle design was adopted for a large issue of experimental patterns given to government officials and others in 1856; that coin was then used for the regular issue from 1857. The reverse featured Longacre's cereal wreath, which led to difficulties in coining; the head and tail of the eagle on the obverse opposed the wreath, making ...
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Under the Mint Act of 1792, the largest-denomination coin was the gold eagle, or ten-dollar piece. [2] Also struck were a half eagle ($5) and quarter eagle ($2.50). [3] Bullion flowed out of the United States for economic reasons for much of the late 18th and early 19th centuries.