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1857 Large Cent vs. Flying Eagle
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<p>[QUOTE="Agilmore01, post: 2046404, member: 45687"]I have been reading up some about the year 1857 and the change in cents from large cents to small cents. </p><p><br /></p><p>The large cents had a mintage of around 330,000, but many were not even released and melted down. Going through PCGS Coinfacts, the survival estimate is around 7,000 in both the large and small dates (from the best I could tell). PCGS has graded only about 300 in mint state. This sounds like it would be a very highly collectable coin. I own one with an Eliasberg pedigree, but it's only a VF25. </p><p><br /></p><p>The Flying Eagle was introduced, and had a mintage of over 17,000,000. PCGS says many were saved early on and it's fairly easy to find a mint state example of one. There are about 2,600 graded mint state just by PCGS. </p><p><br /></p><p>While searching prices through completed auctions and on Coinfacts, I was surprised to see that the prices are pretty comparable in equal grades. I figured the large cent would carry a much higher premium due to the very low mintage and survival rate and the FE being much more common. I am still early in my collecting journey, so I need help understanding this. Is this due to the FE maybe being more popular, and therefore carries a premium? Or is there another explanation for it? Just plain ole' higher demand?[/QUOTE]</p><p><br /></p>
[QUOTE="Agilmore01, post: 2046404, member: 45687"]I have been reading up some about the year 1857 and the change in cents from large cents to small cents. The large cents had a mintage of around 330,000, but many were not even released and melted down. Going through PCGS Coinfacts, the survival estimate is around 7,000 in both the large and small dates (from the best I could tell). PCGS has graded only about 300 in mint state. This sounds like it would be a very highly collectable coin. I own one with an Eliasberg pedigree, but it's only a VF25. The Flying Eagle was introduced, and had a mintage of over 17,000,000. PCGS says many were saved early on and it's fairly easy to find a mint state example of one. There are about 2,600 graded mint state just by PCGS. While searching prices through completed auctions and on Coinfacts, I was surprised to see that the prices are pretty comparable in equal grades. I figured the large cent would carry a much higher premium due to the very low mintage and survival rate and the FE being much more common. I am still early in my collecting journey, so I need help understanding this. Is this due to the FE maybe being more popular, and therefore carries a premium? Or is there another explanation for it? Just plain ole' higher demand?[/QUOTE]
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1857 Large Cent vs. Flying Eagle
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