A woman with a surprised expression in front of a background of coins from different countries and a red circle highlighting a detail on one of the coins.
CONSUMER AFFAIRS

A Treasure: This Flying Eagle Cent Is Worth $1 Million and Everyone Is Looking for It

Collectors are willing to pay a large amount of dollars for a very particular coin.

The world of numismatics is full of rare coins that have high historical and economic value. Some of them have become key pieces for collectors. These coins, which go beyond their face value, are admired for their design and the stories they represent.

In addition to their rarity, the value of these pieces is driven by the conditions in which they have survived over time. Although some coins have a very brief minting history, their impact on the market remains significant.

1856 United States one-cent old coin with an eagle on one side and a floral design on the other.
The Flying Eagle Cent reaches up to 30,000 USD | Heritage Auction, Burst de Pexels

The 1856 Flying Eagle Cent: A Transitional Piece

The 1856 Flying Eagle Cent is one of the rarest treasures in the history of United States coins. This piece was designed by James B Longacre and was minted with the purpose of being a small coin, different from previous cents. However, due to its short production, only about 2,000 units were made, making it a highly collectible item.

The Flying Eagle Cent is significant not only for its scarcity but also for its innovative design. The composition of this curious coin is 88% copper and 12% nickel, with a weight of 0.16 oz. (4.67 grams) and a diameter of 0.75 in. (19 mm).

Old United States coin with a flying eagle and the year 1856 engraved.
A rare piece with only 2,000 units minted | Heritage Auction, Burst de Pexels

Although it wasn't a coin that remained in circulation for long, its impact was groundbreaking, marking the beginning of a new era in the manufacturing of small cents. Specimens in excellent condition can reach values close to $25,000 to $30,000 at auctions, depending on their preservation and demand.

However, the better the condition of the coin, the higher its value in the market. In this sense, if it is in perfect condition and highly sought after by collectors, it can reach a value of up to $1M in exclusive auctions.

The 1943-D Lincoln Wheat Cent: History and Production Error

Another extremely rare and valuable coin is the 1943-D Lincoln Wheat Cent. During World War II, the United States Mint faced a copper shortage. They eventually opted to use steel to mint the cents, reserving copper for the war effort.

However, a production error allowed some 1942 copper planchets to mix with the new steel alloy. As a result, some 1943 coins were minted with a bronze alloy, making them one of the rarest and most desired pieces of all time.

Close-up of a 1943 U.S. penny featuring the image of a man in profile on the obverse and the inscription
The 1943-D Lincoln Wheat Cent is worth up to 2 million USD | Heritage Auction, fotoblend

This production error made the bronze coins exceptional. The 1943-D Lincoln Wheat Cent is composed of 95% copper, 5% tin and zinc, with a weight of 0.11 oz. (3.11 grams) and a diameter of 0.75 in. (19 mm). Its value skyrockets in the market, reaching prices close to $2M.

Rare coins like the Flying Eagle Cent and the 1943-D Lincoln Wheat Cent continue to be a symbol of the numismatic history of the United States. With their scarce production and the manufacturing errors surrounding them, these coins are valuable not only for their composition and design but also for the historical context they represent.

➡️ Consumer Affairs

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