The 1858 Flying Eagle pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.
Specifications
Type: Flying Eagle Penny
Year: 1858
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.
Two different varieties exist for this coin. There is the variety with the small letters, and the variety with the large letters. It's easy enough to tell the difference between the two varieties. On the large letters variety, the "A" and "M" in the word "AMERICA" are touching. By contrast, letters are separated in the the small letters variety. See the image below for reference.
| Series | Location | Quantity Minted |
|---|---|---|
| 1858 | Philadelphia | 24,600,000 |
Value
The 1858 Flying Eagle Penny with the small letters is worth around $35 in good condition. In very fine condition the value is around $75. In extremely fine condition the value is around $165. In uncirculated condition the price is around $700 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $1,200. Proof coins are worth around $8,000 in PR 63 condition.
The 1858 Flying Eagle Penny with the large letters is worth around $35 in good condition. In very fine condition the value is around $75. In extremely fine condition the value is around $165. In uncirculated condition the price is around $650 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $1,100. Proof coins are worth around $8,000 in PR 63 condition.
8/7 Error Coins
There is a notable error variety that can be found on the date. On these coins the number 8 is minted over a number 7.
The 1858 Flying Eagle 8/7 error penny is worth around $125 in good condition. In very fine condition the value is around $450. In extremely fine condition the value is around $850. In uncirculated condition the price is around $4,250 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $10,000.
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: