Acceptance Letters Examples
Acceptance Letters Examples
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Flying Eagle Cents
1856 marked an auspicious year in the history of the US Mint. From the very starting, one cent pieces had been a staple of United States coins. Everybody knew their look and their feel. Everybody was comfortable with the coin, until 1856.
Since the beginning of US coinage, the face of the one cent piece had featured an outline of the goddess Liberty. Admittedly, there had been a number of completely different depictions of Liberty, with each providing its coin with an interesting name. Flowing Hair Cents have been produced by the US Mint from 1793 via 1796, once they were replaced by Draped Bust Cents. The Classic Head Cent design was the design produced from 1808 via 1814 when it was replaced by the Coronet Head Cent. Lastly, the Braided Hair Cent took center stage in 1839. It was also referred to as the "Silly Head" or the "Booby Head" Cent. The Braided Hair Cent was produced by means of 1857.
People started to object to carrying round these coins. Some folks said the coins were too giant, with a diameter of 27.5 millimeters (merchants complained that the coins "clogged up" their tills). There have been complaints that the coins had been too heavy, weighing in at a hefty 10.89 grams. The general public gave the impression to be prepared for a change in its pennies.
In 1856 the US Mint started producing a smaller, lighter one cent coin. The Flying Eagle Cent was the primary of what collectors now check with as "Small Cents" (weighing 4.7 grams with a diameter of 19 millimeters) contrasted with the one cent coins heretofore produced being dubbed "Massive Cents."
The public did not just like the coin. The Flying Eagle Cent did not include pure copper, as had all one earlier one cent coins. It was 88% copper and 12% nickel. The lighter colour induced the general public to derogatorily confer with the brand new cent because the "white cent." People weren't happy with the design either. Though design on the obverse (or face) of James Barton Long acre's coin depicts an Eagle in Flight, people generally referred to the coin as the "Buzzard Cent."
Officials on the US Mint had been embarrassed. They shortly made plans to revamp the coin. Longacre was commissioned to provide the brand new design. The Eagle was eliminated, and Liberty returned to the entrance of the one cent coin, this time carrying a Native American headdress. The Indian Head Cent stays one of the most popular coins ever produced by the US Mint, whereas the Flying Eagle Cent took its place among the coins with the briefest mintage in US history...simply [two] years (1857-1858).
Incidentally, in the event you occur to find a Flying Eagle Cent bearing the date 1856, you would be properly-suggested to take the coin to an skilled to have it evaluated. The 1856 coins were only produced as examples to be introduced to Congress and other officials to encourage them to help the coin's acceptance. Once the vote was taken, legislators have been alleged to return the coins to the US Treasury. The cash were supposed to be destroyed, and minting of the Flying Eagle Cent to start in 1857.
Somehow, not the entire coins made their approach again to the Mint. Evidently some of them had been stored as souvenirs by various people. The cash' rarity prompted their collector's value to soar. Now, even probably the most mediocre specimens of the 1856 Flying Eagle Cent promote for in excess of $5,000, with the nicest of those coins expected to carry effectively in excess of $one hundred,000. (The Professional Coin Grading Service lists the worth of the highest grade Flying Eagles they've licensed as $150,000.) Needless to say, counterfeiters have taken note of those numbers and have taken steps to attempt to defraud individuals by producing and selling fakes.
So a set of Flying Eagle Cents consists of three coins . . . the 1857, and [two] varieties (Giant Letters and Small Letters) of the 1858. You should purchase enticing specimens of all three cash for a complete of less than $200.
At Valueincoins.com find information regarding flying eagle penny, 1856 flying eagle cent,and flying eagle cent value.
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