1856 1C Flying Eagle, CAM PR(PCGS#882037)

September 2006 Pre-Long Beach Auction #37

Auctioneer

Goldberg Auctioneers

Lot Number

1019

Grade

Proof 64

Price

18,400

Lot Description

A bold strike. Nicely toned. Many Proof examples of have dull or washed out mirrors in the fields. This piece, however, is nicely reflective while and the rims, which we haven't referred to before this, are strongly defined, leaving no question about this coin's Proof status. It is believed that perhaps as many as 2,000 pieces were struck from this die pairing with some 1,500 examples believed extant today. Many went into circulation, a significant number (probably around 300 pieces) of this variety are found with some degree of circulation. Snow theorizes that the sale of 1856 Flying Eagles stagnated after the outset of the Civil War, and the remaining supply at the Mint may have been unaccountably released into circulation. Pop 172; 50 finer.(PCGS # 2037) </B>. <BR>Estimated Value $17,000 - 18,000.