The 1856 Flying Eagle Cent is one of the most legendary coins in American numismatic history. A blend of rarity, artistry, and historical importance, it has captivated coin collectors for generations. Some reports even suggest this cent could be worth up to $34 million—but is it really still out there in circulation?
Let’s dive into the fascinating story behind this coin, why it’s so valuable, and what to do if you think you’ve found one.
A Brief History of the 1856 Flying Eagle Cent
Minted as a pattern coin, the 1856 Flying Eagle Cent was the U.S. Mint’s prototype for the first small-sized cent, replacing the larger, bulky versions that were costly and impractical. Designed by James B. Longacre, this coin was never intended for wide release—only around 800 to 2,000 pieces were struck to test public reaction.
It marked a turning point in American coinage and laid the foundation for modern U.S. cents.
Why Is It So Rare?
- Limited Mintage: Only a small batch was ever made.
- Not Meant for Circulation: Most were distributed to lawmakers and VIPs.
- High Attrition: Many have been lost, damaged, or melted over time.
Today, it’s estimated that fewer than 1,000 authentic examples remain.
The Design
- Obverse: A bold eagle in flight, “UNITED STATES OF AMERICA” inscribed above, and the year 1856 below.
- Reverse: A laurel wreath encircles “ONE CENT.”
- Metal Composition: 88% copper, 12% nickel
- Weight: 4.67 grams
Its artistic value and symbolism of American freedom make it a standout piece.
Current Value
While many coins from the 1800s are worth modest sums, the 1856 Flying Eagle Cent is in another league:
- Worn Examples: $10,000–$30,000
- High-Grade Coins: $250,000–$1.2 million
- Private Offers: Rumors place ultra-rare, pristine examples at up to $34 million
How to Identify One
Think you might have one? Check for:
- Date: Must be clearly marked “1856”
- Flying Eagle design (not the Indian Head or Lincoln)
- Weight: Should be close to 4.67 grams
- Authenticity: Only certified coins are reliable—look for grading by PCGS or NGC
Record-Breaking Sales
- PCGS Proof 65+ – Sold for $172,500
- Specimen Strike – Valued over $1 million
- Private Collectors – Offers rumoured up to $34 million
What To Do If You Think You Have One
- Do Not Clean It! – This ruins collector value.
- Get It Authenticated – Use services like PCGS or NGC.
- Compare Carefully – Match it with verified images.
- Contact an Expert – Professional numismatists can guide you.
Conclusion
The 1856 Flying Eagle Cent is more than just a coin—it’s a piece of American history. Its rarity, design, and mysterious origins make it one of the most valuable coins in the world. While it’s highly unlikely to find one in your spare change, the possibility keeps the dream alive for collectors everywhere.
So, check your drawers, coin jars, or old family boxes—you might just be holding a fortune in copper and nickel.
FAQs
How rare is the 1856 Flying Eagle Cent?
Extremely rare. Fewer than 1,000 are believed to exist today.
How much is one worth now?
Values range from $10,000 to over $1 million, with rumored private valuations reaching $34 million.
How can I tell if mine is real?
Look for date, weight, and design details. Always consult a certified coin grader