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Lot 3047

Image Information

Type Coin
Title Lot 3047
Date 1787
Side reverse
Grade 40
Service NGC
Service Catalog # 907
Denomination FUGIO
Description 1787 1C Fugio Copper "Cent," UNITED STATES, Concave Club Rays, FUCIO XF40 NGC. CAC. Newman 2-C, W-6630, R.6. 178.0 grains. A late obverse die state with a faint die crack from the ray at 3:30 to the bottom of the nearby cinquefoil, and the base of the 1. A linear die bulge extends from the right center of the 8 to the bottom of the second 7. This piece is plated in Eric P. Newman's 2008 reference, United States Fugio Copper Coinage of 1787, illustrating obverse die state C. This prized variety enjoys high demand for its distinctive obverse that features the FUCIO misspelling. There was apparently no punch for the letter G at the Fugio coinage facility, so the engraver was required to use a C punch and add the cross-stroke to complete the letter G, neglecting to do so on this obverse die. In addition to the misspelling of Fugio, the obverse has Club Rays with concave ends. Walter Breen assigned the fanciful name of "Musket Butt Rays." Three of the five obverse dies of this style are unique. The other two obverse dies are very rare as offered here, or extremely rare (Obverse 5). In addition to its status as a single (collectible) variety type, the 2-C is the only collectible variety with Concave Club Rays. The Eric P. Newman coin is a Condition Census example, and certainly one of the finest known. Lovely light olive and chestnut-brown surfaces exhibit a few trivial planchet laminations on each side. The strike is improperly centered, so the top of FUCIO is tight against the border, although all letters are complete. Small splashes of maroon patina appear at the lower reverse. The surfaces are smooth and attractive. Ex: Eric P. Newman Numismatic Education Society. Realized $35250.00. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part V
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