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1787 Fugio Cent -- Thoughts?

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Bedrock of the Community
United States
94367 Posts
 Posted 08/17/2016  4:54 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Nice one - not my field, but always enjoy looking!
Pillar of the Community
United States
968 Posts
 Posted 08/17/2016  5:45 pm  Show Profile   Bookmark this reply Add Saruma to your friends list
Nice! I'm not really into colonials, maybe because trying to do them in any serious way becomes hugely expensive really fast, but a Fugio cent is a must have for me at some point. For whatever reason I've always thought of it as Americas first true coin (even if arguments to the contrary could be made). Plus, I've always thought the motto on that coin came off as though it was telling people off, even though it is meant to be taken literally.
Pillar of the Community
United States
4416 Posts
 Posted 08/17/2016  5:48 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
That's a good lookin' Fugio, WheatBack! IMHO F-15, possibly cleaned as it has a shiny look. It nevertheless has a pleasing, chocolate color, along with decent surfaces and a respectable planchet lamination. Unless it's a better variety, I'd estimate its worth in the $400 range (based on pieces I've seen selling at shows - not book value).

As I've had mixed success attributing these, you might well post your pics on this popular Fugio thread ... https://goccf.com/t/253600

P.S. - Be sure to keep that old envelope with it. To many a collector of these early coppers, provenance is important.
Edited by ExoGuy
08/17/2016 6:09 pm
Valued Member
United States
309 Posts
 Posted 08/17/2016  5:54 pm  Show Profile   Bookmark this reply Add Pistareen to your friends list
This appears to be a genuine 1787 Fugio, of the variety Newman 15-Y, with eight pointed stars in recess on the label on the reverse. It is rated rarity URS-10 (fewer than 500 known) and retails per Whitman for $700 in Very Good condition. Yours is a nice original coin with old flip providing some indication that it has been out of the collector market for decades. This is a singular type that uses the eight pointed stars in recess on the reverse. No other known die combination has them. Nice!
Bedrock of the Community
United States
11951 Posts
 Posted 08/17/2016  7:05 pm  Show Profile   Bookmark this reply Add GR58 to your friends list
Looks good to me ...

I like it
Pillar of the Community
United States
7375 Posts
 Posted 08/17/2016  7:22 pm  Show Profile   Bookmark this reply Add edweather to your friends list
I really like it! $3.75 purchase price on the envelope? The envelope almost looks as old as the coin
Pillar of the Community
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United States
2362 Posts
 Posted 08/17/2016  7:31 pm  Show Profile   Bookmark this reply Add cipster to your friends list
Very nice Fugio - I just love them. I have a few and have always asked Vermontensium (Dave) for assistance before purchasing.
Member ANA and EAC

"You got to lose to know how to win".
Dream On by Aerosmith
Edited by cipster
08/18/2016 12:43 pm
Bedrock of the Community
United States
10982 Posts
 Posted 08/17/2016  9:41 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Nothing jumps out screaming fake to me. The flip insert is curious though. The ANA member # indicates it's no more than 60 years ago or so but the price seems way too low for the 1950s? Anybody an ANA history buff who might know when #11838 was created?
ANA #R3154474
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3058 Posts
 Posted 08/17/2016  9:57 pm  Show Profile   Bookmark this reply Add coinlover1899 to your friends list
Did you pay $3.75?
That would be awesome!
Pillar of the Community
United States
3160 Posts
 Posted 08/17/2016  11:33 pm  Show Profile   Bookmark this reply Add jerryc39 to your friends list
nice looking coin!
Bedrock of the Community
United States
12057 Posts
 Posted 08/18/2016  01:22 am  Show Profile   Bookmark this reply Add paralyse to your friends list
Beautiful Fugio. The envelope is worth as much as the coin, historically speaking!
Member ANA - EAC - TNA - SSDC - CCT #890

"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Pillar of the Community
United States
4416 Posts
 Posted 08/18/2016  08:14 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list
Here's a comparable Fugio, a VG+ and perhaps the same variety as the OP's coin, that has a BIN of $389. It has a few, small pits that may be planchet imperfections.

http://www.ebay.com/itm/1787-Fugio-...AOSwRoxXn7V9
Pillar of the Community
United States
1211 Posts
 Posted 08/18/2016  12:45 pm  Show Profile   Bookmark this reply Add jerseyben to your friends list
How much did you pay for this coin?
Pillar of the Community
Germany
1849 Posts
 Posted 08/18/2016  2:04 pm  Show Profile   Bookmark this reply Add GERMANICVS to your friends list
As Pistareen says, this is a N. 15-Y. and a nice coin. Heritage lists 43 specimens sold and is described there as R-2.
I would grade it F12 in terms of detail and would need to have it on-hand to better appreciate the color of the surfaces.
Value-wise between $250 and up to about $375 seems reasonable.
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United States
2850 Posts
 Posted 08/18/2016  6:57 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list
Lots of good info from everyone. Thank-you!
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