PCGS reclassifies Fugio Cent

https://www.pcgs.com/news/early-ame...pJobID=2230498510&spReportId=MjIzMDQ5ODUxMAS2

 

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Much discussed over on CCF. Just change your definition of "federal" and voila! Groundbreaking! Hype!

 

I just finished reading that an hour or so ago, right or wrong, it will always be in a class of it's own.

 

TOO STEEP FOR ME, JUST GOT 2 CENTS AND 1 DOLLAR PRE-1800, THAT KILLED MY COIN BUDGET FOR A BIT

 

The cost of completing a US type set just went up.

 

Yeah agree. But think they truly belong in a true us type set. So does a continental dollar. But those pricy Hopefully the grading costs there of a fugio go to that of a regular large cent not a colonial. I always sent them to ngc to save in the grading fees

 

The Pine Tree Shilling will be next. I have to agree with KBBPLL, hype!!! Now everyone that has one certified by PCGS, ANACS and NGC will need to send theirs's in for a new plastic slab indicating it as a federal issue.

 

It might be nit picking but I would say that since the authorizing legislation preceded the adoption of the Constitution that the fugio can not be considered "federal". The Constitution came about the next year in 1788 and was then enacted in a process that was beyond the laws of the Articles of Confederation.

What we really need is a declaration by the grading services that clad coins are US issue since most collectors obviously think coins were no longer produced after 1964.

Tempus really does fugit though.

 

I agree that the Fugio is a US cent - the first one.

However, the Continental "dollar" is a medal of European manufacture dating to about the end of the Revolutionary War, not the beginning.

 

I concur. However, it has been my limited experience that making a market rarely gives weight to history, unless there is a positive economic impact for the person/entity declaring an alternative history.

 

I noticed it yesterday, The Fugio is now at the top of the coinfacts page.
https://www.pcgs.com/coinfacts

 

It will be interesting to see if CAC changes the "Coins Accepted" List.

 

The Continental Dollar was a medal made Europe after the Revolutionary War as souvenirs.

I wonder if the first time they get a submission of Fugios submitted under regular service and not under special issues like other colonials need to be they'll realize that unintended consequence. It's not like they're losing a ton of money on just the one issue, though.

 

LOL.

I'm still wondering who made money demoting Pluto.

Astronomers always knew Pluto was a little different so why does this suddenly mean it's not a planet at all? We use all sorts of categories and taxonomies to describe what we perceive as reality and then periodically shuffle them around. We never seem to notice that nothing fits perfectly in any definition because even definitions are ephemeral. We change the names of places and encourage drift and change in language. We are forever reinterpreting, reevaluating, and redefining as though we are approaching some kind of perfection instead of engaging in a random walk just like the worn out fugio cents.

I guess so long as it's "publish or perish" we'll get questionable science and a new look at history.

I don't really have a problem call fugios "federal" but the constant changing of terms is confusing and dangerous and makes research increasingly difficult.

It also ages people over a "certain age".

 

Anyone want to post their Fugio "Cents" in light of the discussion? Here's mine:

 

So a TPG "speaks" and so what?

 

I'll bet Nova Constellatio's will be next.

 

I presented the question on the CAC Forum. We will see.

 

Not all that important, however it is a 4PG, no?

Anyway, the "so what", to me, is $ and History and making a market.

It will be interesting to see if there is an announcement in the coming months that a cache of Fugios have been discovered.

 

I guess it's one way to jack up the prices for them. I like the coin, but it was not a part of the Federal Government period.