CAC Cert #30712076

Entry
1787 4 Cinquefoils, 8-Pointed Stars Fugio 1c BN
Grade
VF25
GSID
193
CPG Price Guide
$1,750.00
Population
1
Population Higher
1
Series
Fugio Cents (1787)
Group
Federal Contract Coinage
Label Type
CAC Standard Label - Silver Metallic
CAC Grading Coin Image Secure
Description
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.

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