Sabrina
In a remarkable turn of events, a seemingly ordinary coin hidden within the pages of a family Bible has fetched an astounding $212,000 at auction.
This discovery not only underscores the hidden treasures that can reside in heirlooms but also highlights the historical significance of rare coins in the numismatic world.
The Hidden Treasure: Discovery of the 1856 Flying Eagle Cent
During a routine cleanout of their late grandfather’s estate, a family stumbled upon an old, leather-bound Bible.
Nestled within its pages was a coin that, at first glance, appeared to be of nominal value.
However, upon closer inspection and subsequent authentication, it was identified as an 1856 Flying Eagle Cent, a coin of significant rarity and historical importance.
Historical Significance of the 1856 Flying Eagle Cent
The 1856 Flying Eagle Cent holds a special place in U.S. numismatic history:
- First Small Cent: It marked the transition from the larger cents to a smaller, more practical coinage.
- Limited Mintage: Approximately 1,500 to 2,150 pieces were minted, primarily as pattern coins to gain congressional approval for the new design.
- Design: Crafted by Chief Engraver James B. Longacre, the coin features a flying eagle on the obverse and a wreath on the reverse.
Auction Details and Coin Specifications
After professional grading, the coin was classified as Choice Proof (PR64), a high grade indicating its excellent preservation over nearly 170 years.
The coin was then consigned to a reputable auction house, where intense bidding led to its final sale price of $212,000.
Key Specifications:
| Attribute | Details |
|---|---|
| Coin Name | 1856 Flying Eagle Cent |
| Place Found | Inside a family Bible |
| Final Auction Price | $212,000 |
| Mint Location | Philadelphia (no mint mark) |
| Designer | James B. Longacre |
| Composition | 88% Copper, 12% Nickel |
| Diameter | 19 mm |
| Weight | 4.67 grams |
| Grade | PR64 (Choice Proof) |
| Estimated Mintage | 1,500 – 2,150 coins |
The Coin’s Journey: From Sacred Pages to Auction Block
The coin’s concealment within a Bible suggests it was cherished, possibly passed down through generations as a keepsake. Its preservation in such a setting likely contributed to its exceptional condition.
This story serves as a poignant reminder of the unexpected treasures that family heirlooms can hold.
The discovery and subsequent sale of the 1856 Flying Eagle Cent underscore the profound historical and monetary value that can be hidden in plain sight.
This event not only excites numismatists but also encourages individuals to explore their own family artifacts, where history and value may intertwine in the most unexpected ways.
FAQs
How can I determine if a coin I own is valuable?
Consult with a professional numismatist or a reputable coin grading service. They can assess the coin’s authenticity, condition, and market value.
What factors contribute to a coin’s value?
Key factors include rarity, demand, historical significance, condition (grade), and provenance.
Are coins found in old books or Bibles commonly valuable?
While not common, valuable coins have been discovered in such places. It’s always worthwhile to inspect inherited items carefully.