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Lot 3061

Image Information

Type Coin
Title Lot 3061
Date 1787
Side reverse
Grade 10
Service NGC
Service Catalog # 892
Denomination FUGIO
Description 1787 1C Fugio Copper "Cent," UNITED STATES, Pointed Rays, 1 over Horizontal 1 VG10 NGC. CAC. Newman 10-G, W-6700, R.6. 151.0 grains. This popular blundered die has the 1 engraved sideways, and then corrected to create the diagnostic 1 over Horizontal 1 feature. Combined with the reverse having UNITED left and STATES right, this is a single variety type. The obverse was combined with three reverse dies, and all are rare, although there is some misunderstanding about how rare. Eric P. Newman's 2008 Fugio reference rates the 10-G R.5, meaning 31 to 75 examples are known, and Michael Hodder designated it R.6 in the Ford catalog, suggesting a population of 13 to 30 examples. However, the Whitman Encyclopedia of Colonial and Early American Coins records a URS-4 rating, suggesting that only five to eight examples are known. Like most, the Newman example is low-grade, with olive and dark steel-brown surfaces, but lacks the usual porosity seen on many survivors. The few surface marks on each side are trivial. Ex: St. Louis Stamp & Coin Co. (7/19/1927); Hillyer Ryder; Eric P. Newman Numismatic Education Society. Realized $2115.00. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part V
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