1787 Fugio 1C 4 Cinq, Raised Rims, BN MS(PCGS#895)

The January 2013 Americana Sale

Auctioneer

Stack's Bowers

Lot Number

11614

Grade

AU50

Price

7,638

Lot Description

1787 Fugio Copper. Pointed Rays. Newman 19-Z, W-6975. Rarity-5. STATES UNITED, Label with Raised Rims. AU-50 (PCGS). 152.78 grains. Lovely glossy medium brown with some light reverse woodgraining. An exceptional specimen of this distinctive and scarce variety, a strong candidate for the Condition Census. Some trivial planchet chips are visible in the obverse fields, very minor natural planchet granularity at right reverse periphery, no significant planchet flaws or post-striking defects. Exceptionally well struck from centers to peripheries on both sides. A tiny rim clip right of 12 o'clock is hidden by the slab prongs. A couple of choice AU examples are known, while Ford's beautiful example appears to be the only real Unc. That piece brought $20,700 in 2003. This example is finer than any example offered in recent memory. It has now been off the market for 99 years. Last time it sold, it hammered for $3.