The 1856 Flying Eagle pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Flying Eagle Penny
Year: 1856
Face Value: $0.01
Composition: 88% copper, 12% nickel
Total Weight: 4.67 grams
There is no mint mark on this coin. Each coin was minted in Philadelphia.
This was the first year that the Flying Eagle cents were minted. For this year they were released as pattern coins only. It wasn't until the following year that they were released for circulation.
| Series | Location | Quantity Minted |
|---|---|---|
| 1856 | Philadelphia | 2,000 |
| 1856 Proof | Philadelphia | 1,500 |
Value
The 1856 Flying Eagle penny is worth around $7,500 in good condition. In very fine condition the value is around $12,250. In extremely fine condition the value is around $13,500. In uncirculated condition the price is around $16,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $25,000.
The 1856 Flying Eagle proof penny is worth around $18,000 in PR 63 condition.
Grading System
Good- All of the details are readable but worn.
Very fine- The feathers on the eagle's right wing and tail show considerable detail.
Extremely fine- All details are sharp. There is only slight wear.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
The Red Book
See also: