Did you know that a small penny from 1856 could be worth up to $34 million? The 1856 Flying Eagle Cent is one of the most legendary and valuable coins in U.S. history.
While it may look like an ordinary penny, its rarity, design, and historical significance make it a prized possession among collectors.
But what makes this coin so special? In this article, we’ll break down the story behind the 1856 Flying Eagle Cent, why it’s so valuable, and how to identify one if you’re lucky enough to come across it.
What Is the 1856 Flying Eagle Cent?
The 1856 Flying Eagle Cent was one of the first small-sized pennies ever produced in the U.S. Before this, pennies were much larger, making them inconvenient to carry and use.
The U.S. Mint decided to create a smaller, more practical coin, leading to the birth of the Flying Eagle Cent.
Design and Features
- Front (Obverse): A detailed flying eagle in mid-flight with “UNITED STATES OF AMERICA” above and the year “1856” below.
- Back (Reverse): A simple wreath of laurel leaves encircling the words “1 CENT.”
- Size and Weight: About 19mm in diameter and weighs 4.67 grams.
This stunning design, created by James B. Longacre, symbolized American freedom and progress, making it one of the most admired coin designs in U.S. history.
Why Is the 1856 Flying Eagle Cent So Rare?
The 1856 Flying Eagle Cent is extremely rare for a few key reasons:
- Limited Production – The U.S. Mint only produced a small number of these coins, estimated to be around 1,500 to 2,000 pieces.
- Trial Coin – This cent was originally made as a pattern coin (a test design) before the U.S. Mint officially approved the new small penny.
- Many Were Lost – Over time, many of these coins disappeared, were melted down, or got damaged, making the surviving ones even rarer.
Because of this, collectors today are willing to pay millions to own a well-preserved example of this historic penny.
How Much Is an 1856 Flying Eagle Cent Worth?
The value of an 1856 Flying Eagle Cent depends on its condition and authenticity. Here’s how much some of these rare pennies have sold for:
- High-quality (MS-65 Grade) – Over $1 million
- Average condition – $100,000 to $500,000
- Top auctions – One of these cents has been sold for a staggering $34 million!
Factors that influence the value include:
- Condition – Coins with fewer scratches or wear marks are worth more.
- Historical Provenance – Coins owned by famous collectors sell for higher prices.
- Certification – Coins graded by trusted organizations like PCGS or NGC attract serious buyers.
How to Identify an 1856 Flying Eagle Cent
If you think you have an 1856 Flying Eagle Cent, follow these steps to check its authenticity:
1. Look at the Date (1856)
- The number “1856” should be clearly stamped on the front.
- If the numbers look blurry or uneven, it might be a fake or a later version (1857 or 1858).
2. Check the Flying Eagle Design
- The eagle’s wings should be stretched wide, with clear feather details.
- The eagle should be flying slightly upwards, not flat or straight.
3. Inspect the Reverse Side (Back of the Coin)
- The wreath of laurel leaves should be sharp and well-defined.
- The words “1 CENT” should be clear, without fading or errors.
4. Weigh the Coin
- A genuine 1856 Flying Eagle Cent weighs about 4.67 grams.
- If your coin is significantly lighter or heavier, it could be a replica.
5. Get It Authenticated
- If you believe you have a rare 1856 Flying Eagle Cent, take it to a professional coin grader for verification.
Where to Buy and Sell an 1856 Flying Eagle Cent
Since this coin is worth so much, buying and selling should be done through trusted sources. Here are the best places:
1. Major Auction Houses
- Heritage Auctions
- Stack’s Bowers
- Sotheby’s or Christie’s (for rare coin collections)
2. Certified Coin Dealers
- Work with reputable numismatists to ensure a fair deal.
3. Online Marketplaces (Use Caution!)
- Websites like eBay or NumisBids can be options, but you should only buy certified and graded coins.
4. Coin Shows & Collector Groups
- Attending numismatic events can help you connect with serious buyers and sellers.
The 1856 Flying Eagle Cent is one of the most valuable and sought-after coins in American history. With its limited mintage, beautiful design, and historical significance, it has become a prized piece for collectors worldwide.
If you’re lucky enough to find one, make sure to have it authenticated—you might be sitting on a fortune!
