I found this in my house...it has very faded 1858 on it. I read they didn't start making these 1859...any info is much appreciated..
Are you positive it is a 1858? If so it has to be a pattern cent, if it's the real deal. It is really worn and I can't read the date, but the reverse appears to have the laurel wreath. Check out J 208 on this link. If it's real and a 1858, it should be that one. It would also be worth a pretty penny. Pun intended. http://www.indianheads.org/Patterns.html
Call me a skeptic, but it seems unlikely that a pattern coin could have circulated so heavily. I personally think it's probably an 1859 that's just worn down and not worth much over $5. We'll see what others think though!
Have you tried taking it to a local coin shop? I'm sure someone who has it in hand can evaluate the coin more thoroughly, but let's see what others here have to say.
If you truly think it is, take the time to research it. If I am looking at this correctly, the only 58 pattern with this obv/rev design was J-208. Since you've the coin in hand, don't concern yourself with what the date looks like; check placement, and if it does not exactly match to the aforementioned variety, this should trump what you believe looks to be an 8.
And "poof" it went! Thank goodness, that was an odd post that read like a book written by Gary Busey!
I'm taking this to a coin shop Saturday....I will let you all know the results.....hopefully they can take a couple of good pics as well....
I'm fairly certain the OP's coin is a '59. I put these three images together so you can see the difference. The first coin is the OP coin, the second is a graded '59 and the third is the pattern. Note the difference in the position of the 5 in the date.
Forget the position (which can change since the dates are punched in by hand) notice that the 1858 date is straight while the 1859 is curved following the rim. Two different logotype punches.
Thanks for the correction on the date punches Conder. I was in the 20th century die making mode of thinking.