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1787 Fugio Cent Club Rays, Rounded Ends, Newman 4-E

1787 Fugio Cent Club Rays, Rounded Ends, Newman 4-E

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Greysheet Catalog Details (GSID: 261889)

The 1787 Fugio Cent is part of a series of Fugio cent coins struck from 1787. The specific variety is Club Rays, Rounded Ends. Designated as a Business (MS) strike, this coin is made of Copper.
The first coins issued under U.S. authority for which contract information is known today were the Fugio pieces, which were valued at one cent each. They were made under contract with James Jarvis, owner of a controlling interest in the Connecticut 83 federal issues CONTRACT ISSUES and PATTERNS mint, which was then striking Connecticut coppers in New Haven. Jarvis obtained the federal contract with a $10,000 bribe to Col. William Duer, then head of the Board of Treasury.

Catalog Details    Dealers Only

Catalog Detail

GSID: 261889
Coin Date: 1787
Denomination: Fugio 1c / Fugio Cent
Designation: MS
Coinage Type: Fugio cent
Coinage Years: 1787
Composition: Copper
Variety: Club Rays, Rounded Ends
Variety 2: Newman 4-E
Strike Type: Business
Coin Shape: Round
PCGS #: 878896

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