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1787 Fugio Is It Real?

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Valued Member
United States
486 Posts
 Posted 07/17/2008  12:41 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list
I know old Tom Reynolds! Nice guy but I would look for a reputable dealer in your area there should be a few shops in the Pittsburgh area. -PP
Bedrock of the Community
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 Posted 07/17/2008  12:57 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
I think I would probably send it to ANACS myself also if I were in your shoes because that way it only goes from you straight to the grading company which will lessen the misinformation you may get from a dealer that doesn't know the series very well or a dealer that may be out for himself and try to scam you out of the coin by telling you its worthless when he in fact knows its not (I am not saying its real I don't know the series enough to feel comfortable saying either way). The only thing you have to worry about with sending it to ANACS is maybe the mail losing the package (which doesn't happen as much as one would believe but it does happen) so insure the package as if it were real (because as of right now thats all you know) and once it gets to ANACS they definately won't switch,or take your coin because they will not ruin their reputation (which is built on trust) that they have built up for so long for a couple thousand dollars. Once its authenticated by ANACS or deemed fake you will know for a fact what you have and once its authenticated the price jumps up quite a bit from a raw coin because so few of these things exist and when people see them they have a hard time getting all the fake coins out of their mind and usually just throw your coin in that category with them so the slab from ANACS would ease anyones mind that its real
Valued Member
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 Posted 07/17/2008  1:31 pm  Show Profile   Bookmark this reply Add Pennypusher to your friends list
STEP 1: Locate a coinshop
STEP 2: Go to Coinshop
STEP 3: Ask if Fugio is real/If not get another shops opinion
STEP 4: Have shop send it off for grading

Don't make it harder than it is people, its a fairly simple process. -PP
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United States
1130 Posts
 Posted 07/17/2008  1:41 pm  Show Profile   Bookmark this reply Add 1sikevo to your friends list
From the NGC website for certified dealers in PA

Jim McGuigan
Early US coins (Copper, Silver & Gold)
412-247-4484
N. Versailles, PA

or

Charles Litman Coin Exchange
Foreign , US, Ancients, Medals, Tokens
412-261-9000
coinex@aol.com
http://www.lbp.com/com/pit/coinex
Pittsburgh, PA

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 Posted 07/17/2008  2:36 pm  Show Profile   Bookmark this reply Add fengk to your friends list
Tom Reynolds is one of the most respected early copper dealers in the country, and you should have no problems dealing with him. If you do feel the need to send the coin in for grading yourself, you could either ship it off to ANACS like everybodyelse is suggesting. Or, if it is possible for you to go the the ANA in Balitmore at the end of the month (or any other large show), ANACS, NGC, and PCGS will all likely be there. ANACS has a table where a couple of the graders sit there all day and give free opinions about authenticity, grade, and whether or not it's worth sending something in.
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 Posted 07/17/2008  8:16 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
Or, if it is possible for you to go the the ANA in Balitmore at the end of the month (or any other large show), ANACS, NGC, and PCGS will all likely be there.


If you make the effort of going to the Baltimore show, I flat guarantee that I'll be there, drooling over a chance to hold this coin.
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 Posted 07/18/2008  11:04 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
STEP 1: Locate a coinshop
STEP 2: Go to Coinshop
STEP 3: Ask if Fugio is real/If not get another shops opinion
STEP 4: Have shop send it off for grading

Step 1 Good
Step 2 Good
Step 3 Here you have a problem. The typical dealer handles one of these once in a blue moon and has no idea about the varieties (See earlier post that thought it was fake because UNITED STATES was not where he expected it to be.) and he isn't going to have a clue if it is real. I've had dealers who couldn't recognize a colonial/state coin let alone know if it was real.
Edited by Conder101
07/18/2008 11:37 am
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1984 Posts
 Posted 07/18/2008  11:31 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list
I disagree with those imploring a person who is not necessarily a collector to take it cold calling to a local coin shop. It would probably be a colossal waste of time and gas money. Not to mention all of the handling and potential for mishaps that go on. As a former Pittsburgh resident, I know you could drive from N. Versailles up to Monroeville, downtown, or even down to Washington (PA), and you would find maybe 0.63 people with 1/10th as much experience as they'd need to have to approach the authentication of the coin. And even if one of them said, "yeah, it's real," or "No, I am sorry it's fake," what more would you really know? The advice to send it to ANACS delivers a solid first step for determining if this is genuine, and getting it in plastic--even temporarily--is not a horrible idea. The cost is comparable to and maybe even better than a day of driving around the 'burgh. Second-best would be to send it directly to Tom Reynolds--it's a good enough sign that he wants you to send it to him as far as I'm concerned.
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 Posted 07/18/2008  12:20 pm  Show Profile   Bookmark this reply Add Goldie1492 to your friends list
Thanks again for all the help. I called Jim McGuigan in N. Versaille and he was not in but I will keep trying. Jim is located not far from me. I looked up the ANA show in Baltimore and I am thinking about it. My children live in that area so it would work well for me. I will let you all know what I decide.

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 Posted 07/18/2008  12:47 pm  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list
I take it back--Jim McGuigan might be able to help you if he is still in N. Versailles. I thought he had gone to Virginia to work for a new grading service, but he might be working from home for them.
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 Posted 07/18/2008  1:18 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
I envy the guy who gets to look at this coin and give you expert advice. Sometimes coins have a way of suggesting something special at first glance, which is later corroborated by better info--as happened here. It's great to see something you didn't expect, where collector opinion reveals a possible rarity. I hope that's the case here--good luck!
Edited by KurtS
07/18/2008 1:53 pm
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 Posted 07/19/2008  6:59 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
If it's a copy, it's a good one. Has the ever so common off centering of so many Colonial's of the time. Still, interesting conversation piece.
swcoin.ecrater.com
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 Posted 07/20/2008  03:36 am  Show Profile   Bookmark this reply Add Archraz to your friends list
Very interesting. I look forward to seeing how this pans out.
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 Posted 07/29/2008  07:26 am  Show Profile   Bookmark this reply Add Goldie1492 to your friends list
Hi Everyone! Again, I would like to thank you all for your help and advise. Unfortunately I will not be able to go to Baltimore this weekend. I spoke to Jim McGuigan and he does not have a coin shop but will be at the coin show in Pittsburgh in October. Tom Reynolds will also be in Pittsburgh in October so I am looking forward to going to that show. I will keep you posted on any progress but I am assuming nothing is going to happen until October.
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 Posted 08/03/2008  3:39 pm  Show Profile   Bookmark this reply Add KurtS to your friends list
Well, I for one am looking forward to what the experts say--good luck!
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