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Corroded Colonials...fugio & Rosa Americana

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 Posted 02/27/2013  5:25 pm  Show Profile   Bookmark this reply Add paddy murphy to your friends list
None of the coins will EVER be for sale if I can help it.

Giving a lot of coins to an 18 year old in hindsight wasn't very smart. Now that I'm 48 (for a few more months) I regret selling a lot of 90% as well as lots of my "doubles" for beer money and road-trips back in the 1980's.

I had my dad take the coins from me for over a decade, then he gave me back the safe in the mid 90's once I had settled down, got married and had kids. I then lost the combination to the safe and figured, huh, I'm not selling them. 2 years ago there was a big flood in northeast that ruined my basement. Eventually I got worried that there night be mildew damage so I finally got the safe cracked last month.

Slowly I am documenting my collection and am slowly adding to the collection via craigslist. Once I get serious I may sell some 90% to fund finishing my 2 main objectives as a collector....a complete non gold 20th century US collection, and a date set of Cents going all the way back to 1793 of which I'm only missing about 12...( darn you 1804, 1799 & 1793!)

GO BRUINS!!

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 Posted 02/27/2013  5:31 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I know what you mean. I had to sell a few coins including a $5 PCGS VF20 Moffat & Co. back in the day when I was a xumb kid with credit card debt everywhere. Now that I'm in my 40's, blessed with a nice job and no debt to speak of, I have aquired some very nice coins including a Chain Cent and several Colonials that I hope to never sell!

Oh, Bruins



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 Posted 02/27/2013  7:16 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
v, it's definitely obverse 12. Just need my Newman to see if I can find a corresponding reverse with a clash like that.
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 Posted 02/27/2013  8:26 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
12-U?
swcoin.ecrater.com
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 Posted 02/27/2013  8:57 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
That seems to fit! Of course, that would mean paddy's reverse pic is upside-down!
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 Posted 02/27/2013  9:00 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
That's what I took into account :-)
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 Posted 02/27/2013  10:49 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Try imagining all the places those coins have been and what they've seen. Lots of years of History there.
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 Posted 02/28/2013  06:59 am  Show Profile   Bookmark this reply Add westcoin to your friends list
You guys and your colonials - you have your own language, one I'm eager to learn more on, such exciting pieces, and I think coins like this look better worn anyways! The history is undeniably cool.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2˘ variety collector.

See my want page: http://goccf.com/t/140440
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 Posted 02/28/2013  11:04 am  Show Profile   Bookmark this reply Add thestew to your friends list
Those are awesome. The condition just adds to the character, if you ask me.
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 Posted 03/01/2013  11:33 am  Show Profile   Bookmark this reply Add paddy murphy to your friends list
According to this a Newman 12-U is rare variety. Is my Fugio worth anything given it's condition?

http://www.coinfacts.com/colonial_c...t_n012_U.htm
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 Posted 03/01/2013  1:30 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
The word "rare" on that site (and I'm only guessing, as they don't seem to offer their criteria) probably refers to the Sheldon Rarity Scale, generally accepted as:
R8 = 1-3 known (estimated), "Unique or Nearly Unique"
R7 = 4-12 known, "Extremely Rare"
R6 = 13-30 known, "Very Rare"
R5 = 31-75 known, "Rare"
R4 = 76-200 known, "Very Scarce"
R3 = 201-500 known, "Scarce"
R2 = 501-1250 known, "Uncommon"
R1 = over 1251 known, "Common"

"31-75 known" sounds like a tiny number (at least, to me), but these estimates are endlessly debated, and most Fugio die varieties could be considered in the R4-5 range.
What your Fugio is worth in dollars, IMO, is not as important as the membership it gives you in the Fellowship of the Gnomon and Exergue! (all right, I just made that up, but help me keep it going if you want. Two numismatic terms that in American coinage can only really apply to Fugios!)
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 Posted 03/01/2013  1:39 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list
But at Heritage Auctions, three corroded 12-U Fugios have sold between 2002 and 2005, graded F-details, VF-details, and XF-details, for $92, $207, and $518.65, respectively, including buyers premium.
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 Posted 03/01/2013  2:27 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
paddy,
I have several Colonials that are corroded. Some are worth more to me (not monetarily) than other non-problem coins in my collection :-)

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 Posted 03/01/2013  2:44 pm  Show Profile   Bookmark this reply Add paddy murphy to your friends list
It's definitely worth more to me than somebody else. My Grandmother never referred to it as Fugio's, always called them "Mind your business" coins.
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 Posted 03/01/2013  2:47 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
That's cool!
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