1787 Fugio Cent STATES UNITED, 4 Cinq P.R. Raised Rims, Dbl Strk Error NGCVF25

Description

NGC Cert #
4340061-002
NGC Description
1787 4 CINQ P.R. FUGIO RAISED RIMS 1C
NGC Grade
MINT ERROR VF 25 BN
Pedigree
OBVERSE DOUBLE STRUCK 2nd STRIKE OFF CENTER
Label
NGC Standard Brown
The Fugio Cent is one of the most popular of all U.S. "colonial" coins because 1) it is a quasi-Federal coinage (in other words, not associated with a particular colony), and 2) it is available in fairly large quantities in Mint State thanks to the Bank of New York Hoard, which contained thousand of Uncirculated examples.
The cinquefoils refer to the ornaments on the front of the coin: before and after FUGIO and before and after the date. The Four Cinquefoil obverses were combined with a number of different reverse types. This variety has the word STATES on the left side of the label on the reverse (others have raised rims, UNITED on the left side, etc.).
Quality-control was good, but not strict on these coins, thus fully struck, well-centered examples are difficult to locate. Planchet laminations and voids are also common flaws on these coins.
Perhaps the most historically significant of the pre-federal United States coins are the Fugio Cents, which take their name from the Latin word fugio (I fly) appearing on their obverse. Though privately manufactured by James Jarvis of New Haven, Connecticut and his partners, the Fugio Cents were commissioned by the infant United States government on April 21, 1787. On the obverse of each cent appears a sundial, as well as the sun itself. On the reverse are thirteen interlocking rings, each of which bears the name of one of the colonies. At the center are the words AMERICAN CONGRESS and WE ARE ONE. This expresses the unity that the American colonies needed to protect their independence. The message was particularly important, since most Americans were loyal to their own state, but they didn't initially feel much connection to the nation as a whole
One of a Kind Obverse Double Struck with Reverse struck off Center 1787 Fugio Cent with 4 Cinquefoils and Pointed Rays in a NGC VF25BN Holder. Coin was recently purchased from a large estate collection that contained the most original and rarest type coins Ive ever had the pleasure of purchasing. Fast and free shipping as always!
1787 Fugio Cent STATES UNITED, 4 Cinq P.R. Raises RIMS Mint Error Obverse Double Struck 2nd Strike Off-Center NGC VF25BN (Mind your business).