1787 Fugio Cent 4 Cinquefoils Pointed Rays 1c ‘STATES UNITED’ NGC MS64BN
NGC certified and graded MS64BN! This is an attractive, original, uncirculated example! This is the ‘STATES UNITED’ variety with 4 cinquefoils and pointed rays. Current NGC pop shows 39 in MS64BN with 33 graded higher. A total of 607 have been graded by NGC to date.
This 1787 Fugio Cent 4 Cinquefoils Pointed Rays 1c ‘STATES UNITED’ NGC MS64BN is one of the first coins issued by the United States. Benjamin Franklin has been credited for the legends on this coin (i.e. We are one and Mind Your Business) which has at times been referred to as the Franklin cent.
Coined in New Haven, Connecticut, the copper for these coins mostly came from military stores or salvaged metal. The dies were made in New Haven by Abel Buell.
Some interesting information relating to this coinage has been found in an entry in the Journal of Congress dated April 21, 1787; “That the board of treasury be authorized to contract for three hundred tons of copper coin of the federal standard, agreeable to the proposition of Mr. James Jarvis… That it be coined at the expense of the contractor, etc”. In another entry dated Friday, July 6, 1787, it reads “[r]esolved, that the board of treasury direct the contractor for the copper coinage to stamp on one side of each piece the following device, viz: thirteen circles linked together, a small circle in the middle, with the words ‘United States’ around it; and in the centre, the words ‘We are one’; on the other side of the same piece the following device, viz: a dial with the hours expressed on the face of it; a meridian sun above on one side of which is the word ‘Fugio,’ [the intended meaning is time flies] and on the other the year in figures ‘1787,’ below the dial, the words ‘Mind Your Business.'”