Im skeptical.....The 6 in the date looks too flat on the left side. Conveniently, the coin is worn and corroded in the other major spots to tell authenticity. A coin with that value should be sent off to a TPG.
Now this a coin i know about very very sweet and probably the coin at the top of my "will never own wish list" 1956 FE From the closeup of the O and it's very rectangular shaping I can say it is the circulation release of the penny. Most copys i have seen use the rounder O of the proof. I'm sorry to say the chances are still very likely that it is a copy I would like to see a good close up of the bow on the bottom wreath (this is where most were marked copy) and the top as well where the detail seems sharp This is one coin I can say i have seen MANY copies of. I hunted one as a kid through 100s of shops and shows for one in this condition at i might be able to afford. If this is a copy it seems a very good one, but then even now you can buy a real good exact copy (about $20) and spend a few minutes with a buffer to remove the word "copy" from it. (almost all of these are of the proof type) If you feel this is a real deal i could strongly recommend getting it slabbed, graded and certified.
took me all of 2 minutes to find one... I honestly hope yours turns out to be the real deal Note that even this "circulated finish" copy uses the round topped O of the proof coin. 1856 Flying Eagle Cent Ty-1 "circulated finish." These are as above except they were burnished (to give them a worn look) and then processed further to tone them down a bit and give them a circulated look (this is perfect for those of you who have been asking for a coin to match your sets) $17.95
Send it to ANACS for authentication and slabbing. Probably would be bodybagged by PCGS or NGC due to post mint damage.
I'm not sold that it is real, but if you want the most liquid form of certification then do not send it to ANACS, rather, send it to PCGS or NGC.
If i had seen that big round "O" i would probably have dismissed it as a copy but i had never seen one with the crude rectangular "O" Thanks for your input-well appriciated.
It does look real but there are so many good fakes these days. I would also send it into a grading company. It looks like an AG2 or AG3 to me. It is also a good idea to give Mr. Snow a few bucks to look at the coin prior to grading.
I would say seriously get this graded ASAP, even in this condition could be a 5 figure coin in a PCGS slab but with key points worn as RedRaider mentions above I doubt PCGS would slab it, I would submit to anacs, if they authenticate it 1st, it would then be more likely to crossover for NGC if you decided you wanted to sell it.
from what i have seen they tend to be less picky about damage then pcgs or ngc. This is also why anacs slabbed coins sell for a grade under pcgs or ngc
I can't tell you. I can't compare it to mine because several years ago mine ended up in the sewer grading on 47th Street and Avenue of the Americas's, where you can still see it if you look closely.
I doubt it would be 5 figures, Rick Snow offered me a solid f, (S-1) for 6500 last year at the csns show. I would say for the op's coin it might be low 4 figures.