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<p>[QUOTE="Conder101, post: 3629703, member: 66"]It wasn't a US mint, the Fugios were struck under contract by James Jarvis. He had purchased the Company for Coin Coppers in New Haven CT. The Company had a contract for supplying coppers for the state of CT (and they produced pieces of other sates as well that they didn't have contracts for.) But Jarvis bought it with the intention of getting a government contract to make coins for the Federal government. Which he managed to secure through a $10K bribe. He got some 30 tons of copper from the government on credit and then left to Europe to try and acquire the other 270 tons he need to fullfill the contract. While he was gone his partners struck between 3 and 400,000 fugios (about 4 tons of copper) as the first payment, and then diverted the rest of the government copper to making Connecticut coppers. Due to their lighter weight they could make more coins from each ton making them more profitable. When Jarvis returned (unable to acquire any more copper, they wanted cash and were not willing to accept credit on the part of the United States) he found his partners gone, the copper and CT coppers gone, and the government saying "where are the rest of our coins?". Jarvis fled the country.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 3629703, member: 66"]It wasn't a US mint, the Fugios were struck under contract by James Jarvis. He had purchased the Company for Coin Coppers in New Haven CT. The Company had a contract for supplying coppers for the state of CT (and they produced pieces of other sates as well that they didn't have contracts for.) But Jarvis bought it with the intention of getting a government contract to make coins for the Federal government. Which he managed to secure through a $10K bribe. He got some 30 tons of copper from the government on credit and then left to Europe to try and acquire the other 270 tons he need to fullfill the contract. While he was gone his partners struck between 3 and 400,000 fugios (about 4 tons of copper) as the first payment, and then diverted the rest of the government copper to making Connecticut coppers. Due to their lighter weight they could make more coins from each ton making them more profitable. When Jarvis returned (unable to acquire any more copper, they wanted cash and were not willing to accept credit on the part of the United States) he found his partners gone, the copper and CT coppers gone, and the government saying "where are the rest of our coins?". Jarvis fled the country.[/QUOTE]
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