BACKGROUND: I have been working on a type set for a number of years. Naturally one of the coins is a Flying Eagle. Nice, and satisfactory, but nothing spectacular. I continued acquiring other coins for the set. Then I got my Cherrypickers' Guide and saw the DDO listing. So I checked mine. Here's what I saw: Doubling (most obvious on the "UNI".) And the other diagnostics. Left arrow points to the raised dot. Right arrow points to the remnants of the "7". After having a small cent specialist look at it, I shipped it to NGC for attribution at the current grade. It passed the test and is duly attributed at AU-58 (sorry, no pic of the label.) So now my $200 coin is a $2000 coin (values approximate.) It appears that there is more than one variety of the 1858/7 FE. Cherrypickers' Guide doesn't list both, but Snow's book does. Looks like my coin is an S-7, not an S-1 (I don't know anything more than that.) Now the same dealer (MFD) has it in hand and is checking with a small cent error specialist to fix a value. I don't generally collect error coins; the exceptions are some of the well known errors. So I'm looking to sell/trade this coin for: - at a minimum, a replacement FE in MS-64(?) - in addition trading up to a better 1860-64 IHC, possibly a MS-64(?) (my current one is a 1862 XF-45) - in addition, cash(?) I'm out of my league with this, so I'll depend on MFD to do me right. All this may happen at the Hagerstown, MD, show this weekend. There should be an update Saturday afternoon. Oh, and MFD stands for "My Favorite Dealer".
Great find!! To tell you the truth, I'd keep that coin. It's a lot more rare than an MS error-free example, and your chances of owning another are slim. There are tons of MS examples for you to pick up anytime. Guy~
You should consider sending picture to Rick Snow (www.indancent.com) and have the attribution confirmed. He should also be able to tell you fairly accurately the retail and wholesale values of the coin (i.e. I wouldn't trust Cherrypicker's). Congrats on your find...Mike
Kanga: Excellent find! I have cherried three of the S-1's, but never saw this one, altho I never thought to search for it, now I will. Congrats!
Okay, the deal is done. For my 1858/7 (S-7) NGC AU-58 Flying Eagle, I got: - a 1858 Small Letters NGC MS-64 Flying Eagle - a 1862 PCGS MS-64 IHC Both will improve my Registry type set.
Last night I did some looking, I found an 1865 " Fancy 5 " with some doubling of the lettering, I will have to definatly investigate this further, lol.
