Your old coins may contain a valuable treasure worth up to $32,600 (about ₹ 27 lakhs). Yes, we’re talking about the 1857 Flying Eagle Cent, which appears to be quite commonplace, but its scarcity and historical significance make it quite valuable.
Even today this coin may be present with some people and is circulating in the open market. So the next time you see old coins, look a little carefully – maybe you too will become a millionaire.
What is Flying Eagle Cent?
Flying Eagle Cent is an American coin, which was minted in very small numbers between 1856 and 1858. This coin has a picture of a flying eagle on the front and “One Cent” is written on the back. Its design especially makes it beautiful and historical.
The 1857 Flying Eagle Cent is especially famous because it was issued in America when smaller and lighter coins were being preferred over copper.
Why is this coin so expensive?
There are many reasons behind the price of this coin:
- Rarity: This coin was minted for only a few years, making its number extremely limited.
- Historical Value: It is considered a symbol of a change in the US coin system.
- Difficult to find in good condition: If a Flying Eagle Cent is found in mint condition, its price can go up to thousands of dollars.
- Demand from collectors: Coin collectors around the world are looking for this coin.
In 2023, a Flying Eagle Cent was auctioned for $32,600 (about ₹27 lakh). If this coin is in very good condition, its price can be even higher.
How to identify if you have a Flying Eagle Cent?
If you have a collection of old coins, you can identify it by looking at the following things:
- Year written on the coin: Note if it is marked “1857”.
- Front image: There should be a picture of a flying eagle.
- Back design: There is a circle with the words “ONE CENT”.
- Color of the coin: This coin is usually light bronze or copper in color.
If you see such a coin, it should be shown to a coin expert or numismatist immediately.
What to do if you have this coin?
- Do not clean it: Do not try to clean the coin by rubbing it, this can reduce its value.
- Get the value evaluated: Get it evaluated by a professional coin dealer.
- Auction option: If the coin is rare and in good condition, then it can be sold through auction.
- Research on online platforms: You can find out the sale and price of such coins on sites like eBay, Heritage Auctions.
Are these coins still circulating?
The surprising thing is that such old and valuable coins may still be lying in some people’s pockets, drawers or piggy banks. Because their number is very less and people do not recognize their importance, they often keep circulating here and there unknowingly.
Can a common man find this coin?
Although the possibility of this is very low, it is not impossible. If you have a box of coins from the time of your grandparents in your house, then definitely open it. Especially if you have ever brought an old coin from America or someone has gifted it.
Conclusion: Give your luck a chance
The purpose of this article is to remind you that sometimes even things that look common can be extraordinary. A small coin like the Flying Eagle Cent can completely change your financial situation. So the next time you see a box of coins, keep your eyes open – your fortune might be hidden inside.
FAQs
What is Flying Eagle Cent?
Flying Eagle Cent is an American coin, minted between 1856 and 1858, with an image of a flying eagle.
Why is the 1857 Flying Eagle Cent so costly?
It is rare, historic and found in small numbers. Worth up to $32,600 (approximately ₹27 lakh) in good condition.
How can I recognize it?
On it must be inscribed “1857” and a picture of a flying eagle on the front. “ONE CENT” on the reverse.
What should I do if I come across this coin?
Have the coin appraised by a coin expert. Don’t clean it, it could devalue it.
Is this coin still in circulation?
Sure, a few Flying Eagle Cents can likely still be sitting around, at least in back-of-the-money collections.
