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Fugio Cent, 10-T, Pointed rays, STATES UNITED, 1/horizontal 1
Item #: fug05
A very cool coin, a fugio cent with counterstamp on both sides. When and why the counterstamping was put in is anybodys guess. Has four hearts on one side with 1802 on the other. does it represent the year who knows. But a very nice coin with a cool history.
LOT DESCRIPTION
1787 Fugio Copper. Pointed Rays. Newman 10-T, W-6705. Rarity-5. STATES UNITED, 1/Horizontal 1. Very Fine, Counterstamped.
146.3 grains. An interesting example with 4 hearts counterstamped on the obverse and the date 1802 on the reverse. The coin otherwise is a choice light brown and the 1 over horizontal 1 feature is bold.
Provenance: From our (Stack's) June 1975 Sale, lot 189.
HISTORY
Though privately manufactured by James Jarvis of New Haven, Connecticut and his partners, the Fugio Cents were the first commissioned coin by the, United States government on April 21, 1787. Of course there was a bribe in place. Only about 400,000 were made before congress found out that Jarvis was not meeting his obligation and his contract was dissolved. Many designs are found featuring the sundial, with sun rays above, (MIND YOUR BUSINESS) below, meaning time is fleeing, mind your business or affairs. "FUGIO" and "1787" surrounding. The reverse has thirteen linked circles surrounding, representing the 13 colonies. With inside "UNITES STATES" or "STATES UNITED", the center reading "WE ARE ONE". These are fascinating coins from our earliest history as a nation, all very historic.
146.3 grains. An interesting example with 4 hearts counterstamped on the obverse and the date 1802 on the reverse. The coin otherwise is a choice light brown and the 1 over horizontal 1 feature is bold.
Provenance: From our (Stack's) June 1975 Sale, lot 189.
HISTORY
Though privately manufactured by James Jarvis of New Haven, Connecticut and his partners, the Fugio Cents were the first commissioned coin by the, United States government on April 21, 1787. Of course there was a bribe in place. Only about 400,000 were made before congress found out that Jarvis was not meeting his obligation and his contract was dissolved. Many designs are found featuring the sundial, with sun rays above, (MIND YOUR BUSINESS) below, meaning time is fleeing, mind your business or affairs. "FUGIO" and "1787" surrounding. The reverse has thirteen linked circles surrounding, representing the 13 colonies. With inside "UNITES STATES" or "STATES UNITED", the center reading "WE ARE ONE". These are fascinating coins from our earliest history as a nation, all very historic.
Shipping Weight:
1 lb
Not for Sale