The most famous issue of the one cent denomination from the 1850s is the key 1856 Flying Eagle cent that was issued in extremely limited quantities during the transition from the large copper cents that were issued from 1793 to 1857. The Mint was looking for an alternative to the bulky and expensive-to-produce cents of prior years. After numerous trials, they settled on the small size that remains the same today, and they chose a composition of 88% copper and 12% nickel. The new composition resulted in a coin that was much lighter in appearance than the earlier coins.
Snow-9 is the typical variety encountered among proof 1856 Flying Eagle cents. Its availability, though, does not lessen its appeal to collectors, most of whom simply want a single, attractive example of this key date. The variety is also conditionally scarce at the Gem grade level, and it is rare finer.
The NGC population is only 3 with 2 graded higher.
Listed at $60,000 in the CDN CPG and $62,500 in the NGC price guide.
Offered at $45,000
