How to Maximize Profits Selling Double Dime Time: 20 Cent Pieces at Auction
September 26, 2026The Capital Gains and Tax Guide for Selling Double Dime Time: Post Your Twenty Cent Pieces with Confidence
September 26, 2026Introduction: Not Every Coin Survives the Crafting Process
I’ve held hundreds of Flying Eagle cents through my loupe, and I’ll tell you straight: not every coin deserves the drill press. When I first considered transforming an 1856 Flying Eagle cent into jewelry, I had to balance its numismatic value against my desire to create wearable art. These small cents aren’t just metal—they’re fragments of American history that demand respect.
In this guide, I’ll walk you through everything a crafter needs to know: the controversial metal composition, the die varieties that affect structural integrity, and the practical realities of turning a potentially six-figure coin into something you can wear every day. Whether you’re seeking mint condition perfection or a character-filled specimen with eye appeal, understanding what you’re working with is half the battle.
Metal Composition: The 88/12 Copper-Nickel Reality
Understanding What You’re Actually Holding
Let me be direct: the 1856 Flying Eagle cent is not silver. It’s an 88% copper, 12% nickel alloy—a composition that gives it distinctive properties for both collectors and crafters. This was the first experimental small cent issued by the U.S. Mint, and its metallurgy directly impacts its suitability for jewelry making.
In my experience grading and preparing coins for ring conversion, the copper-nickel alloy presents both advantages and challenges:
- Hardness: The nickel content makes this alloy significantly harder than pure copper or silver, which means it holds detail better but is also more resistant to bending—good for structural integrity, but harder to work with on a mandrel.
- Tarnish Resistance: Unlike pure copper coins that turn green, the nickel component provides some oxidation resistance. However, it won’t match the tarnish-free performance of sterling silver.
- Color: The bright, whitish-silver appearance of uncirculated examples is striking in a ring setting, though it lacks the warm tone of yellow gold or the classic shine of silver.
I learned this the hard way early in my career when I attempted to anneal a Flying Eagle cent too aggressively—the nickel content caused it to work-harden differently than I expected. Now I always test a small area first and use lower heat than I would for silver. The luster of these coins can be stunning, but the patina that develops over decades is part of their charm—something to consider before you strip it away.
The “No Color Designation” Mystery
One forum participant noted something crucial: the 88/12 alloy explains why these coins don’t oxidize like other copper coins, which in turn explains the lack of color designations (Red, Red-Brown, Brown) that we use for pure copper issues. For crafters, this means you’re working with a more stable metal, but one that can still develop a unique patina over years of wear. That stability preserves the eye appeal even in a working ring.
Die Varieties: Why Your Choice of Specimen Matters for Crafting
The Three Original Die Pairings: S-1, S-3, and S-5
Not all 1856 Flying Eagle cents are created equal, and from a crafting perspective, the die variety you choose affects both the coin’s value and its structural characteristics. Here’s what I’ve learned from examining dozens of examples:
- The S-1: The rarest of the originals, with perhaps a dozen copper-nickel examples and even fewer copper pieces. The blundered reverse—where “ONE CENT” tilts downward to the right—makes these immediately identifiable. I’ve only handled one S-1 in my career, and I wouldn’t dare drill it. At current market values, these are museum-quality pieces that should remain in holders. The provenance alone makes them untouchable for crafting.
- The S-3: The most plentiful of the original die pairings, with hundreds still extant. These are your best bet for crafting—available in grades from Fine to Mint State, they offer the classic Flying Eagle design without the extreme premium of the S-1 or S-5. I’ve transformed two S-3 cents into rings myself, and the detail holds up beautifully under the drill press. The collectibility remains strong even after conversion.
- The S-5: Discovered in the 1990s in a hoard of approximately 15 coins, these are believed to be from the initial 1856 striking period. They have a distinctive “texture and feel” according to experts like Rick Snow, with die striations visible in two directions on the obverse and one on the reverse. The pointed U in UNITED and the centering dots under the N serif in ONE are key identifiers. At current populations (only 4-5 known in top grades), these are too rare and valuable to destroy through crafting. A true rare variety that demands preservation.
The Later Strike Varieties: S-4 and Beyond
For practical crafting purposes, later die varieties like the S-4 offer an affordable entry point. These were struck to satisfy collector demand rather than as original patterns, and while they lack the historical mystique of the S-5, they still feature the iconic Flying Eagle design. One forum participant shared their S-4 PR64, noting concerns about darkness in the fields—something to consider when choosing a coin for a ring, as dark fields can obscure design details in a jewelry setting. Check the strike quality carefully; weak strikes mean lost detail in your finished piece.
Design Details That Shine in Jewelry Settings
The Flying Eagle Itself
The obverse design of the Flying Eagle cent, attributed to James Barton Longacre, features a soaring eagle with dramatically detailed feathers. In my experience, the breast feathers on proof examples are exceptionally sharp—a quality that translates beautifully into a ring setting. When light hits the recessed areas of the eagle’s breast, it creates natural shadow lines that make the coin ring look far more expensive than its base material suggests. The eye appeal of a sharp strike is undeniable.
THE UNITED STATES OF AMERICA Lettering
The peripheral lettering on the 1856 cent presents both opportunities and challenges for crafters:
- The pointed U in UNITED (especially visible on S-5 varieties) creates a distinctive visual anchor
- The spacing between letters affects how the ring sits against the finger
- Worn examples may have softened lettering that loses definition after sizing
ONE CENT and the Laurel Wreath
The reverse design, with its laurel wreath and the infamous tilted “ONE CENT” on S-1 varieties, offers unique artistic possibilities. I’ve found that coins with slightly off-center designs actually look more organic in ring settings, as the asymmetry follows the natural curve of a finger. The numismatic value of the design shouldn’t be underestimated—even in a ring, it tells a story.
Grading & Authenticity: What Every Crafter Must Verify
The MS vs. PR Confusion
Here’s where things get interesting for crafters: the 1856 Flying Eagle cent has a troubled grading history. As the forum discussion reveals, early examples were designated MS by PCGS, then later reclassified as proofs. John Dannreuther, one of the foremost authorities on Flying Eagle cents, has stated that all 1856 cents should properly be called “Patterns.”
What does this mean for you as a crafter? First, always buy certified. The die striations that characterize these coins can confuse grading algorithms and human graders alike. Second, understand that a coin certified as MS might actually be a proof, and vice versa—this doesn’t affect its crafting suitability, but it dramatically affects price. If you’re buying for crafting, look for mint condition details that verify authenticity without relying solely on the slab.
Verifying Authenticity Before You Craft
Before I ever touch a coin with a drill, I verify these key markers:
- Die striations in two directions on the obverse, one on the reverse (for S-5)
- Pointed U in UNITED
- Centering dot under the upper left of the N serif in ONE
- Smaller dot directly above the N in ONE, equidistant between the two leaves
- Sharply struck breast feathers on proof examples
- Mirrored surfaces with characteristic die striation patterns
If your coin lacks these features, you may be looking at a later restrike or reproduction—fine for practicing your crafting skills, but worthless as a numismatic item. Never sacrifice provenance for convenience.
Practical Crafting Considerations
Sizing and Resizing
The 19mm diameter of the Flying Eagle cent makes it compatible with standard ring sizing machines, but the copper-nickel alloy work-hardens quickly. I recommend:
- Annealing between size adjustments
- Using a ring sizer with padded jaws to prevent marring the design
- Planning for one-shot sizing when possible—repeated sizing can crack the alloy
Setting Options
From my workshop, here are the most popular ways to showcase an 1856 Flying Eagle cent:
- Full dome ring: The eagle and lettering remain fully visible
- Half dome (cabochon style): Shows the obverse with a flat back
- Bezel setting: Protects the coin’s edge while
Related Resources
You might also find these related articles helpful:
- How to Maximize Profits Selling Double Dime Time: 20 Cent Pieces at Auction – There is a massive difference between selling on eBay and consigning to a major auction house. In my years handling Libe…
- Inherited a Double Dime? What to Know Before Selling Your Twenty Cent Piece – If you inherited this piece, your first instinct might be to rush it to a local pawn shop. Don’t. Here is how to p…
- Buried Treasure and Double Fakes: What the S.S. Central America, Redfield Hoard, and Saddle Ridge Hoard Teach Us About Authenticity – The Salvor’s Hook: When Old Wrecks Meet Modern Counterfeits Remarkable coins do not always begin in a dealer’s showcase….
