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1787 Fugio With Hole In The Middle - Opinion On Value

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Cents111's Avatar
Canada
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 Posted 08/26/2012  12:15 pm Show Profile   Bookmark this topic Add Cents111 to your friends list Get a Link to this Message Number of Subscribers
I received this 1787 Fugio from my father in law. Obviously a problem with a hole in the middle. Does this rate a grade despite the damage? Any opinion as to its value?

1787-Fugio-With-Hole-In-The-Middle---Opinion-On-Value

1787-Fugio-With-Hole-In-The-Middle---Opinion-On-Value
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philadelphian's Avatar
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 Posted 08/26/2012  12:54 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
It's also been shined up within an inch of its life. That, and the hole, is what will determine its monetary value, more than grade, but EVERY Fugio has value. Does everyone see the die clash at the bottom of the reverse? Sweet!
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Cents111's Avatar
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 Posted 08/26/2012  2:17 pm  Show Profile   Bookmark this reply Add Cents111 to your friends list Get a Link to this Reply
Sorry clearly a noob at this. I took the pics I previously posted under spot lighting so the inscriptions would be clear. Of course it made the coin look like it had been polished - sorry about that.

Here is what the Fugio looks like outdoors in the shade at around 11:00am this morning.

Hope this will give you experts something more realistic to examine.

1787-Fugio-With-Hole-In-The-Middle---Opinion-On-Value

1787-Fugio-With-Hole-In-The-Middle---Opinion-On-Value
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vermontensium's Avatar
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 Posted 08/26/2012  2:26 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Too bad about the hole. The coin has VF details otherwise, and very decent color.
As far as monetary value, that would depend on what one would be willing to pay for this particular specimen.
swcoin.ecrater.com
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Coinstar's Avatar
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 Posted 08/26/2012  3:06 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
thats a shame
Retired USAF 1983-2003
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philadelphian's Avatar
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 Posted 08/26/2012  3:47 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Calling SSuperDdave! Is it even possible to light a chocolate-brown Fugio in such a way that it photographs like a polished brass doorknob?
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SsuperDdave's Avatar
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 Posted 08/26/2012  3:51 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Calling SSuperDdave! Is it even possible to light a chocolate-brown Fugio in such a way that it photographs like a polished brass doorknob?


Yes, absolutely. In fact, I dial down the wattage when photographing brown copper - more angle and more distance from the subject. Direct, intense light will do exactly what the OP shows.
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Cents111's Avatar
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 Posted 08/26/2012  4:48 pm  Show Profile   Bookmark this reply Add Cents111 to your friends list Get a Link to this Reply
Here's another pic of the Fugio taken outdoors in the sun around 11:00 am that gives another view of the tone and coloring of the coin.

BTW I ran across a posting on this website that linked to below:
http://johnmaciver.tripod.com/id4.html
They have a similar problem with hole in middle not to mention saw tooth edges (certainly unusual). It mentions in the article that that Fugio is a certain type - 12-N.2

Can anyone advise what type of Fugio this is and where to read about the various types?

1787-Fugio-With-Hole-In-The-Middle---Opinion-On-Value

1787-Fugio-With-Hole-In-The-Middle---Opinion-On-Value
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vermontensium's Avatar
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 Posted 08/26/2012  5:18 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
That was me

Always a good resource:

http://www.coins.nd.edu/ColCoin/Col...o.intro.html
swcoin.ecrater.com
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philadelphian's Avatar
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 Posted 08/26/2012  6:20 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
I might be able to attribute the obverse when I get home, but much of the reverse attribution of Fugios depends on the letters of WE ARE ONE within the band, which was sacrificed to this hole.
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Cents111's Avatar
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 Posted 08/26/2012  6:25 pm  Show Profile   Bookmark this reply Add Cents111 to your friends list Get a Link to this Reply
That's for the link. I also found this site for determining the type
http://www.coinfacts.com/colonial_c...io_cents.htm
and got this far.
POINTED RAYS ON OBVERSE
Five-leaved Ornaments on Obverse
1. STATES at left, UNITED at right on Reverse

I can't see the 5 leaved ornament on the reverse, but assume that it has been simply worn away.
Any advice as to what I should look for. Should I be looking at the ring shapes to narrow it down?
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philadelphian's Avatar
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 Posted 08/26/2012  8:58 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Got it! Newman 12-U, working from Newman's "United States Fugio Copper Coinage of 1787."
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philadelphian's Avatar
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 Posted 08/26/2012  9:02 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
U in BUSINESS lower than B and S, ornament between MIND and YOUR over center of I, last S high and almost touches R, left side of N in BUSINESS recut. Reverse trickier, but the die clash clinches it!
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Cents111's Avatar
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 Posted 08/26/2012  9:49 pm  Show Profile   Bookmark this reply Add Cents111 to your friends list Get a Link to this Reply
Wow. Thank you for figuring out of the variety. I followed your description of what the obverse shows but I was struggling to see the die clash error on the reverse side. However I believe I think I finally see it. Is it the circular lump between the bottom ring representing the sun and the rays are on each of the adjacent rings as it is struck upside down?

Thanks again for all your help. A really neat coin!
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philadelphian's Avatar
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 Posted 08/26/2012  10:04 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
That's it! A die clash occurs when the obverse and reverse dies are smacked together in the press when someone forgot to put a copper planchet between them. Happened plenty in the mill of James Jarvis, who got the contract to mint the first United States coin by paying a $10,000 bribe to the chairman of the congressional committee responsible for the issue.
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philadelphian's Avatar
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 Posted 08/26/2012  10:11 pm  Show Profile   Bookmark this reply Add philadelphian to your friends list Get a Link to this Reply
Google "Newman 12-U" and you'll find a bunch of images that will show you the specifics of your coin. The sun, sundial, rings, and "band" with UNITED STATES are from a standard hub, but the other lettering was stamped by hand into each die, making each one unique.
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