CoinTalk 1787 Fugio Cent Collection

Speedy already added it to the CT Fugio Collection list on post 1. :thumb:

I hear ya on trying to complete something before getting involved with something as expensive as Fugios. I'm doing the same and reducing my collection to what I am going to go after aggressively. Plus, I will use the money to help fund some new additions.

Ribbit

 

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Does anyone see any red flags about this one? I am thinking of making an offer on it.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180337792483

Most fugios I see are real worn or corrodded. Is the price fair? Would this be considered "problem free"?

 

I wouldn't call it problem free but it's close. I think for the condition and variety, the asking price is not bad but they will also entertain offers so it may be had for even less.

Ribbit

 

Thanks Toad, I like to slab my coins. Would PCGS or NGC grade this coin, or would they body bag it? Is there some kind of lee-way for old coppers when it comes to porosity, scratches, corrosion, ect?

 

You'd have to send it to NCS, with a note to pass it on to NGC if it will grade out but if it won't, then it will end up in a NCS slab with a details grade.

Ribbit

 

Seller accepted the offer I submitted. He thinks it is good enough to get a normal grade/slab. He said that these were made from surplus copper from barrell staves, is this true? Hope to get my name added to the first post.

 

I know they were first produced with copper supplied by the government but where they got the copper, I haven't a clue.

Ribbit

 

Well, the Red Book has some information on where the copper used to coin our Fugios (may have) come from.

I quote "April 21 1787: That the board of the treasury be authorized to contract for 300 tons of copper coin agreable to the proposition of Mr. James Jarvis... that it be coined at th expense of the contractor..."
"The cents were coined in New haven Conn. and possibly elsewhere. Most of the copper used came from military stores. It is believed to have been the copper bands which held together the powder kegs sent to us by the French."

So the copper is believed to have come from France. The dealer was right mill rat41 (interesting name). BTW, that is a nice coin you got there. Hope you got a good deal.

I'll see if i can get some further info from the B&M catalogue of the Holden Collection 1987 which had a very extensive run of Fugio cents, and some really interesting articles along with it.

Eduard

 

There's a nice write-up here:

http://www.coins.nd.edu/ColCoin/ColCoinIntros/Fugio.intro.html

But it doesn't mention exactly where the copper came from. :goofer:

Ribbit

 

here it is:

 

Great addition, Mill Rat! :thumb:

Speedy will be along shortly to add it to the collection.

Ribbit

 

Now THIS is my kind of thread ...

1-B Cross After Date



3-D(A) Club Rays



3-D(B) Club Rays



4-E Club Rays



7-T



8-B



8-X



9-P



9-T Cracked Planchet



13-X RB

 

15-Y 8 Pointed Star



19-Z Raised Rims



21-I Off Center



104-FF Copper



104-FF Silver

 

Wow, those are some beauties! Fugios are one of my favorite coins.

 

I agree - very sweet coins!

 

We bow to thee master Fletcher - those are very beautiful Fugios.

(now let us see the rest of your colonial collection).

 

Wow, great to see Fletcher's Fugio's all together! Here is my newp, a 9-P, which I expect he will recognize:

 

Just picked up a low-grade 12-Z Raised Rims from CRO to go with the set ...

 

Nice color, and a lot of detail, even if 'low grade.' I like it!

 

OK, let's add the 10-T 1/Horizontal 1 that I picked up last night ... very low grade, but an extremely tough variety. It also happens to be "plated" for the variety on the CoinFacts website.