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Valued Member
United States
236 Posts |
I apologize. I meant all 1856 flying eagle small one cent copper coins where rare.
What is an Iggle?
Edited by jdbooth
05/03/2012 06:54 am
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Rest in Peace
United States
9104 Posts |
Approximately 2250 1856 iggles were made, 10,000 of which are in the hands of collectors worldwide.
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Rest in Peace
United States
9104 Posts |
Quote:
I meant all 1856 flying eagle small one cent copper coins where rare. They're not even close to rare. Rare starts around 20, not 2250. In fact, as patterns go, these are one of the commonest in existence. Quote:
What is an Iggle? Big darn bird that builds huge nests in treetops. Tastes like spotted owl. |
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Rest in Peace
United States
4849 Posts |
Rare is relative. If talking about a specific date/mm (not dividing it into varieties), there are very few US coins that would have less than 20 in existence. Whether the 1856 is a pattern or not is debatable, but it is considered a key date in the series and thus has lots of popularity. Compared to other key dates of the era in popular series, the 1856 FE is rare.....hence the high value. If the market compared it with other patterns as a pattern, I imagine it would be worth a couple hundred dollars max. |
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Valued Member
United States
236 Posts |
I could not have phrased it better Johnny.
I believe that there is actually about 50 true patterns for the small cent FE's and 500 or so made for congress. 25 snow-1's, 25 snow-2's for President Pierce & Sec of Treas. then the ones made for congress. I may be off on some of the figures by a little bit.
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Rest in Peace
United States
9104 Posts |
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Compared to other key dates of the era in popular series, the 1856 FE is rare.....hence the high value. Artificial demand caused by putting a pattern coin in a book of regular issues, it doesn't change the fact that it's common as dirt as patterns go. What do you think the legitimately rare 1854 and 1855 iggle patterns would sell for if they were incorrectly listed as part of the regular issues in folders, albums and price guides? Incorrectly listing a pattern as a regular issue does not make it rare, only in high demand. |
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Valued Member
United States
236 Posts |
Nonetheless. People pay the exorbitant prices for these coins, which always goes back to the adage "something is only worth what someone else is willing to pay for it and they do...right or wrong. Hmmm I guess " a fool and his mon.... Oh never mind
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Rest in Peace
United States
4849 Posts |
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Approximately 2250 1856 iggles were made, 10,000 of which are in the hands of collectors worldwide.  ...so true I won't argue the "pattern" tidbit.....but artificial demand? I completely disagree. These were in high demand almost as soon as they were released, which is a big reason the mint restruck more of them in 1858-1860 for collectors(at this point, there were circulating business strike flying eagles everywhere, so would the restrikes still be considered patterns?). There has been a steady stream of strong demand for 1856 flyers for 150+ years....hardly something that can be chalked up to "artificial demand". These coins were very important for popularizing coin collecting in the 19th century. |
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Moderator
 United States
16680 Posts |
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Rest in Peace
United States
9104 Posts |
A MS66RD 1877 IHC is worth triple a PR66 1856 iggle. What do you suppose it would sell for with a mintage of 2500 instead of 341 times that? |
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Rest in Peace
United States
4849 Posts |
Quote:A MS66RD 1877 IHC is worth triple a PR66 1856 iggle. What do you suppose it would sell for with a mintage of 2500 instead of 341 times that? Makes sense. An 1877 IHC in that grade is a conditional rarity, and probably much more rare than the 1856 in that specific grade. The 1856 saw much less circulation, so much of the population was preserved in higher grades. 1877 ihcs got the daylights circulated out of them. |
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Bedrock of the Community
United States
10045 Posts |
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They're not even close to rare. Rare starts around 20, not 2250. In fact, as patterns go, these are one of the commonest in existence. If there's a difference with the 1856 FE, it's a pattern that became a regular issue in 1857, so 1856 gets a higher profile as the perceived first year--with corresponding demand. There are other "common" first year coins with corresponding high demand and value. Well, that's just how I see it.  |
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Rest in Peace
United States
9104 Posts |
If there's a difference with the 1856 FE, it's a pattern that became a regular issue in 1857, so 1856 gets a higher profile as the perceived first year--with corresponding demand. There are lots of coins with a pattern made for the previous year, and like the 54 and 55 iggles, they weren't listed as part of the set. Quote:
There are other "common" first year coins with corresponding high demand and value. Well, that's just how I see it. Fur egg-sample? In most cases, first years sell for less than later ones. |
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Bedrock of the Community
United States
10045 Posts |
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Fur egg-sample? In most cases, first years sell for less than later ones. As a "for example"? How about the 1916 SLQ? But I won't split hair on US coin "rarities". Whether you think an 1856 is a true rarity or not--it's certainly in demand with collectors. Edited by DVCollector
05/08/2012 9:42 pm
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Rest in Peace
United States
4849 Posts |
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There are lots of coins with a pattern made for the previous year, and like the 54 and 55 iggles, they weren't listed as part of the set. The 1854 and 1855 patterns look nothing like the flying eagle series....while the 1856 is exactly the same...they even used the 1856 die to strike some of the 1857s. (052) Not Allowed - Auto-Removed .com/Pattern_Guides/flyingeagleonecentpattern.html Quote:
As a "for example"? How about the 1916 SLQ? But I won't split hair on US coin "rarities". Whether you think an 1856 is a true rarity or not--it's certainly in demand wuth collectors. The first year in combination with hallmark low mintage compared to the rest in the series is a recipe for high demand. As you stated, the 1916 slq, then also the 1916-d merc and the 1909-svdb all have the "first year/low mintage" allure. Low mintage does not always equal rarity, especially with the svdb(I would call that one kind of common)......but it is a strong contributing factor. sheesh....have we ever digressed from the original topic.. Edited by johnny54321
05/08/2012 9:22 pm
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Posted 05/03/2012 07:23 am
