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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 .
1856 Flying Eagle Cent — $172,500. 1864 Indian Head Penny “L” on Ribbon — $161,000. 1914-D Lincoln Penny — $159,000. 1926-S Lincoln Penny — $149,500.
The Coinage Act of 1857 repealed prior legal tender laws concerning foreign specie.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.
Longacre is best known for designing the Indian Head cent, which entered commerce in 1859, and for the designs of the Shield nickel, Flying Eagle cent and other coins of the mid-19th century. Longacre was born in Delaware County, Pennsylvania, in 1794. He ran away to Philadelphia at age 12, where he became an apprentice in a bookstore.
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]
1857 (P) 333,456 (P) 238 Proof 1868 (P) c12 Struck in copper for collectors. About a dozen are known to exist. ... Flying Eagle cent, 1856–1858 (Cupronickel) Year ...
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