Fugio cent history book

That penny, called a fugio cent, is a onecent coin that remains popular today as a collector coin. The history of the fugio is so cool and they cost so much for a real one we had to get one to keep around as a reminder of bens wit an wisdom and to remember to always have fun doing. Continental congress of the confederation passed a resolution on april 21, 1787, for the contract coining of a national copper cent. The book is a hard bound, 168page with color enlargements, quarto volume.

Discover delightful childrens books with prime book box, a subscription that delivers new books every 1, 2, or 3 months new customers receive 15% off your first box. The first coins issued by the authority of the united states were the fugio cents, called so because of the word fugio latin for time flies on them. Fugio cent first united states coin monaco rare coins. We focus on early american coppers from 1787 to 1857 including fugio coppers, half cents and large cents. It contains a history of the coin, including the 1859 new haven restrikes, thorough variety identifications with rarities, errors, a reprint of the original 1949 publication and bibliographical references. This specimen has stronglystruck, bold lettering and features in some areas, but weak ones in other areas. About two and a half months later they agreed on a design.

Collector ray rouse tells the story of the 1787 fugio cent, one of americas earliest experiments in circulating coinage. The first coins struck were essentially experimental coins and include the 1792 silver center cent, the 1792 birch cent and the 1792 half disme pronounced like the word steam but with a d. Mar 27, 2019 today the fugio cent is, in a way, a collectors bargain. Jul 08, 2015 collector ray rouse tells the story of the 1787 fugio cent, one of americas earliest experiments in circulating coinage. Today the fugio cent is, in a way, a collectors bargain. Newman numismatic portal at washington university in st. The first coin minted by ben franklin fugio replica youtube. How a slave and a counterfeiter made the fugio cent, the 1st. A resolution of july 6th stated the penny obverse would have the sun and a sundial with the legend fugio i fly, the date, and the legend mind your. However, it didnt see the same kind of widespread use as the onecent coins struck by the u. The fugio cent, also known as the franklin cent, is the first official circulation coin of united. Fugio cents 1787 coins for sale on collectors corner.

The influx of counterfeit and lightweight coppers in circulation was a serious problem that hurt both laborers and small. Well struck with lustrous even chocolate surfaces and strong eye appeal. These pieces are hard to find and very collectible. Nov 04, 2018 mind your business on the fugio cents did not have the modern meaning.

Fugio cent pcgs certified us colonial coins for sale ebay. A pleasing example of the first coin issued by the authority of the. Jun 04, 2019 in 1787, the fugio cent was the first us coin to be authorized by congress and minted. Also, like the massachusetts coppers, they were denominated as cents, that is a decimal coin based on one hundred to the spanish milled dollar. Its design is very similar to a 1776 continental currency dollar coin that was produced in pattern pieces as potential continental currency but. The fugio cent, also known as the franklin cent, is the first official circulation coin of united states. Review the total fugio cents 1787 pcgs graded coin population, including varieties, and shop results from dealers and ebay. Known as the fugio cent, it bears the image of a sun and sundial above the message mind your business. They were the first coins issued under the authority of the united states, a full two years before the u. Continental currency dollar obverse with inscriptions fugio and mind. This is more commonly referred to as united states, 4 cinq within the numismatic community.

A convicted counterfeiter and a connecticut slave made the first u. Eric newmans united states fugio copper coinage of 1787 is a longawaited and welcome addition to the literature of u. In sum, fugio coppers circulated in 1787, to the extent that they circulated at all, as pieces equivalent to british halfpennies 124 shillings and not as one cent coins, a denomination which. Over 400,000 fugio cents, which meant time flies, were minted, but never saw much use, as the contract for their production was voided a year later and the coins were acquired by the bank of new york where they were stored until 1926. The history of the american penny in 1787, congress issued the first iteration of the american penny, which was reportedly designed by none other than benjamin franklin himself. Pcgs set registry fugio cents with major varieties 1787. The back features thirteen links of chain for the thirteen original states, around the words we are one. How a slave and a counterfeiter made the fugio cent, the 1st u. A chain with links, each representing one of the original colonies, encircles the motto we are one on the reverse. Roger siboni submitted these thoughts on a recent acquisition a bank of new york fugio cent encased in lucite. Certainly our history books can devote more than a few pages to his service to the.

Perfect for a collection or to compare to an original. This barcode number lets you verify that youre getting exactly the right version or edition of a book. Up for auction is a 1950s era becker restrike fugio cent. Its design is very similar to a 1776 continental currency dollar coin that was produced in pattern pieces as potential continental currency but was never circulated. The fugio cent earned its name from the caption fugio above an image of the sun shining on a sundial. Nov 29, 2009 on 761787, the board of treasury directed the contractor for the copper coin to stamp on one side of each piece. It is generally known as the franklin cent, but should properly called the rittenhouse cent, if named after any individual. The legends on this coin are credited to benjamin franklin and sometimes referred to as the franklin cent. We, here at tudor coins, buy only quality circulated.

Referred to informally as the franklin and eventually as the fugio cent, this penny prominently featured the sayings mind your business and we are. The phrase, which came from benjamin franklin, met work hard at your business or occupation and succeed. Get the best deals on fugio cent us colonical coins when you shop the largest online selection at. Find the current fugio cents values by year, coin varieties, and specific grade. Fugio cents introduction coin and currency collections. A pleasing example of the first coin issued by the authority of the united states. The fugio cents were struck on a device called a drop press. Winning bidder will receive the actual item that is pictured. Mint opened for fulltime coin production in 1793, and the onecent coin was among the very first coins struck at the u. Congress passed a resolution on april 21, 1787 to produce the first u. First edition the fugio cents alan kessler 1976 dec 11. In 1787, the fugio cent was the first us coin to be authorized by congress and minted. This coin was issued by authority of congress in 1787. Sometime in 1788, a keg of fugio cents were acquired by the bank and stored in the basement.

Colonial coinage fugio coppers are not onecent coins. Fugio is latin for i fly the sun and the hour sundial was to convey time. As punishment, authorities cut off the top of his ear and branded his forehead with the letter. So franklins message was that time flies by so you should. Discussion in whats it worth started by kfill, apr 8, 2015. Mind your business on the fugio cents did not have the modern meaning. Benjamin franklin reportedly designed the first american penny in 1787. It contains a history of the coin, including the 1859 new. I have been looking for one of these in this kind of original condition for literally years. We, here at tudor coins, buy only quality circulated and uncirculated coins and currency that we pass on to you knowing that the article is genuine.

Actually, there are several differences between this coin in the original fugio series. The fugio cent, also known as the franklin cent,12 is the first official. The first copper coins issued by the authority of the united states were the fugio cents, struck in 1787 by a private mint. United states fugio copper coinage of 1787 by eric newman eric newmans united states fugio copper coinage of. Compared to the more famous 1793 chain cent, the prices are almost modest. They were the first coins issued under the authority of the united states, a full two years before.

Sometime in 1788, a keg of fugio cents were acquired by the. Fugio cents 1787 coins for sale on collectors corner, the collectibles marketplace, where you can buy safely from the worlds top coins dealers. We also major on civil war dated coins of 1861 to 1865. Im trying to find out what the first us coinage authorized by congress was. I was lucky enough to recently find a very nice original, in the box, with enclosed fugio history book, and related ephemera bank of new york lucite fugio cent on ebay.

Mar 01, 2017 the history of the fugio is so cool and they cost so much for a real one we had to get one to keep around as a reminder of bens wit an wisdom and to remember to always have fun doing this. As a young man, abel buell got caught counterfeiting five pound notes. According to, the first onecent coin was struck in 1787 by a private mint. The onecent coin, or the penny, was the first currency authorized by the united states. Selling early american coppers and us coins 1861 to 1865.

As one of the coins listed in the critically acclaimed book. The fugio cent was the first coinage issued on authority of the united states and was only made in 1787. The fugio cent, a hard currency, was later authorized by congress in. The fugio cent, struck only in 1787, was one of the most historic and important issues of the colonial period. This coin, known as the fugio cent, was 100 percent copper and this composition would continue until the mid1800s. The first circulated coin by the new american federal government. I just got this coin back from certification and i have looked at values from several different. The bank of new york hoard is the name given to identify a treasure trove of several thousand fugio cents that were discovered at the bank. Collector ray rouse tells the story of the 1787 fugio cent, one of americas earliest. Our items for sale are presented in pdf text lists with attribution, grade traditionaleac, third party, or both, and price.

The coins were forgotten about until they were rediscovered in 1856, this time at the banks current location. I was lucky enough to recently find a very nice original, in the box, with enclosed fugio history book. Fugio cents first edition the fugio cents by alan kessler 1976 1976 first edition hardcover book, the fugio cents by alan kessler, choice near mint. Franklins own copy of the book was a german publication from mainz. May 23, 2014 the history of the american penny in 1787, congress issued the first iteration of the american penny, which was reportedly designed by none other than benjamin franklin himself. On 761787, the board of treasury directed the contractor for the copper coin to stamp on one side of each piece. How a slave and a counterfeiter made the fugio cent, the. United states fugio copper coinage of 1787 by eric newman eric newmans united states fugio copper coinage of 1787 is a longawaited and welcome addition to the literature of u. Fugio definition and meaning collins english dictionary. Was the fugio cent the first coin authorized by congress.