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Old 03-25-2010, 12:20 AM   #1
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Check out these coins

I hope I am posting right...today I was on my bike headed home from work and saw a lump of stuff hanging out of a dumpster to thee side. Rode over and started pulling out old t shirt rags for my cats to sleep in at night. I didn't have a bag, so I reached down and pulled up an old purse and started cramming the shirts into it. When I got home I bedded the cats houses, and before I discarded the purse I felt the bottom- feeling a cardboard floor in there, I put my fingers underneath and pried it up. It was two books full of pennies! Here's three of them, so far I have found out they are called flying eagles and am still looking into the market for them. Pretty neat huh?
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Old 03-25-2010, 12:24 AM   #2
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Those are really cool. I've never heard of Flying Eagles. Let us know what more you find out about them. Just how old was this purse anyway?

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Old 03-25-2010, 12:31 AM   #3
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It was not old, just there like a circle bag with a draw string like a beach bag. Had to have belonged to a mother type, and she had hidden the coin slots in the bottom I figure. I will come back to this thread and add what I find out...wish me luck- it's a jungle out there! Oh by the way - what I have found out so far is that these were designed by a painter not a sculptor. They were created to replace a larger copper penny that was around then, and it is I think 15 % nickle and the rest is copper, but they have a silverish finish to them. They were made because copper was getting 'pricie' (?) and this was the alternative. I have youtubed them so far. Bill
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Old 03-25-2010, 12:43 AM   #4
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It was not old, just there like a circle bag with a draw string like a beach bag. Had to have belonged to a mother type, and she had hidden the coin slots in the bottom I figure. I will come back to this thread and add what I find out...wish me luck- it's a jungle out there! Oh by the way - what I have found out so far is that these were designed by a painter not a sculptor. They were created to replace a larger copper penny that was around then, and it is I think 15 % nickle and the rest is copper, but they have a silverish finish to them. They were made because copper was getting 'pricie' (?) and this was the alternative. I have youtubed them so far. Bill
This goes deeper very cool guys!
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Old 03-25-2010, 05:43 AM   #5
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we almost threw out all of my mothers jewelry when she died, my wife was throwing out all of her old clothes and junk from closet, just as she was about to toss an old suitcase she decided to look inside. What she found was everything my father had ever given her. You may be dealing with the same situation.
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Old 03-25-2010, 06:07 AM   #6
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I hope I am posting right...today I was on my bike headed home from work and saw a lump of stuff hanging out of a dumpster to thee side. Rode over and started pulling out old t shirt rags for my cats to sleep in at night. I didn't have a bag, so I reached down and pulled up an old purse and started cramming the shirts into it. When I got home I bedded the cats houses, and before I discarded the purse I felt the bottom- feeling a cardboard floor in there, I put my fingers underneath and pried it up. It was two books full of pennies! Here's three of them, so far I have found out they are called flying eagles and am still looking into the market for them. Pretty neat huh?
Nice Find!!!!

Flying Eagle cents were the first "small" cents made in the USA. Before that the cents were larger than a quarter in size. 1000 demonstration Flying Eagle cents were made in 1856 and handed out to Senators or Congressmen to show them the idea. The idea was approved and large cents were last minted in 1957 and Flying Eagle cents were minted in much higher quantities for public use in 1857 and 1858 (both types were made in 1857). In 1859 they were replaced with the more familiar Indian Head cent that was made until 1909. Flying Eagle cents are one of the shortest lived U.S. coin designs of all time. BTW, there are many fake and altered 1956 Flying Eagle cents, so if you have one, get it authenticated before celebrating too much - chances are it is not real.

If you want to get maximum value if you sell them, DO NOT CLEAN THEM!!! Especially do not clean them with anything abrasive or anything that will shine them. Coin collectors want "original" and "naturally worn" coins. Cleaned coins are worth significantly less.
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Old 03-25-2010, 06:29 AM   #7
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Very cool. What a find!

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Old 03-25-2010, 07:32 AM   #8
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Now I have found out a little more about these types...there is a 'Large Letter' type and a 'small Letter'type. The 'Large letter' ones (if you look closely at the word 'America') - the A and the M will be connected at their bottoms. The 'Small Letter' type upon close up--the A and the M are not connected ...had some thing to do with their making. I was looking at how to clean coins with 8% vinager and salt, but you have said not to clean them, so I won't--but I was tempted.!
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Old 03-25-2010, 07:54 AM   #9
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I'll give you a nickel each for them. You get 500% profit! Ha Ha
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Old 03-25-2010, 09:00 AM   #10
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Flying Eagle

Nice find!! RED BOOK A Guide Book of United States Coins....the emphasis is on GUIDE....states that they are worth somewhere between $30 and $80 depending on condition.....oh, where have I heard condition mentioned before..ha! Hope this helps....it's always nice and exciting to find forgotten and misplaced stuff.

Best Regards,
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Old 03-26-2010, 12:49 PM   #11
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a penny collector just contacted me from Tucson Az and said to insure them for 300.00. What does he mean?
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Old 03-26-2010, 01:51 PM   #12
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a penny collector just contacted me from Tucson Az and said to insure them for 300.00. What does he mean?
I guess you don't watch Antiques Roadshow..

Apparently, things should be insured for what it would cost you to buy them, not what you could sell them for (less).

Now, what does that mean?

Ken

PS: Cool Find. I guess I don't go dumpster diving enough.
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Old 03-26-2010, 02:22 PM   #13
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Good find,when I was redoing my GTO 20 years or so ago,I found a gold 2 1/2 peso piece under the edge off the carpet,still have it on a chain.Car came out of New Mexico,but it was still quite of a surprise. Dave
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Old 03-26-2010, 03:02 PM   #14
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The potential buyer is in Tucson and they said to mail them over and they will call me and tell me what they will pay. The fellows name was (and still is) Rick Snow, and I just hope they don't pull a fast one ha!
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