1787 fugio cent

is this coin real? And if it is what's your estimation of the grade?
Thanks in advance

 

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Can anyone give me information on this coin? Thanks in advance

 

Sure looks real, darn nice one too!

 

Not an expert. It looks good. Good strike very little wear. Well centered.
They get some flexibility in grading too. If a similar modern coin like that might
grade VF30-XF40, the Fugio will grade higher XF45-AU53.

 

in a really old 2x2 flip nice

 

Is this the same Fugio from your first thread earlier today? Or a different Fugio?

 

Same, just out of the flip photos

 

It looks real enough to me. It should grade XF45 to AU50 at the very least. As a guess I'd say it's a Newman 11B variety, considered rare.

Maybe someone who has Alan Kessler's "The Fugio Cents" (1976) or Eric P.
Newman's "The 1776 Continental Currency Coinage, Varieties of the Fugio
Cent" (1949) can pin it down better. There are probably 50 varieties of this one year coin.

 

https://coins.nd.edu/ColCoin/ColCoinIntros/Fugio.intro.html

That link is from the University of Notre Dame, and has just about everything you need to know about Fugios.

I didn't take the time to verify which exact variety it is, but it's one of the 'States United, 4 cinq, pointed rays' varieties.

In that condition, (mt guess about XF40), it's worth a lot of money, and could be 5 digits depending on the variety.

Nice find!

 

may I ask how you acquired this piece?

 

Looks genuine, and probably xf-au as stated above.

 

My dad owns a gold/coin shop and some lady brought in her husbands collection

 

It looks like a 12-U to me, from Bowers' book on colonials, est 125-250 known. Nice!

 

That's an good find, was it bought? if so I recommend sending it into NGC or PCGS.

 

Our gold buyer basically stole it ‍♂️ Feel bad for the lady kind of.

 

That's why you research a little before you bring stuff into shops I guess but do send it into NGC and PCGS.

 

True that. Thank you sir

 

That's a disgrace. People like that give a bad name to those businesses.

 

It's one thing to fault so-called collectors for not doing their homework, but is somewhat of a gray area for those with no interest in the hobby. This is especially true for those who haven't embraced the internet, and is because many of them falsely believe such shops are both trustworthy and knowledgeable. This very thread is a fine, yet most regrettable example of just this.

Indeed. There's simply no ifs, ands, or buts about it. If not for crap like this, the hobby would be significantly larger and much more healthy than it is today.

I couldn't even begin to say how many times I watched the light go out in someone's eyes, and simply because some schmo decided that a quick buck was better than a potential long-term collector or customer. In fact, "disgrace" is almost too kind of a word to describe it.

 

I agree, we are a coin shop mostly buy gold but have no clientele for coins, besides a little junk silver here and there but my dad is a coin hoarder. He says he's a collector but he has a full time business so he doesn't enjoy his collection or even know what he has.
We do not work the gold shop we just pick the coins up and stuff, we pay 70 percent of gold/silver value and a small premium for coins. I believe this guy ripped her off but he was being safe rather than being sorry.