Lot 1337
1856. Snow 3. PCGS graded Proof 58. Lightly toned, with different shades of golden toning. Accompanied by an Eagle Eye Rare Coins photo certificate with the somewhat confusing designation "Format: Mint State." (this may have something to do with the soft strike on the head, tail, and wreath).
In a recent article, numismatic researcher Robert Julian pointed out that the first 1856 Flying Eagle Patterns were issued in quantity for presentation to anyone who might have an influence on pending legislation to authorize the new Small Cent. Apparently, the coins were an enormous hit with collectors, as they were later restruck in a variety of formats. Thus, the seemingly high mintage for this Pattern Cent is explained by political motives first and collector demand second. Even today, the demand for this date far outstrips the supply, as evidenced by the impressive prices this coin brings whenever it appears on the market (PCGS # 2037) Estimated Value $8,000 - 9,000
|
| |
| Realized $9,775 |
