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1787 Fugio New Haven Res-Silver Colonials - Fugio Cents "Restrike" PCGS MS63

Ex. Norweb Collection

Out of stock

SKU
30317388
  $10,250.00

Description / 1787 Fugio New Haven Res-Silver Colonials - Fugio Cents "Restrike" PCGS MS63

 
Newman 104-FF. Silver. 175.9 grains. Highly lustrous, well struck and aesthetically appealing with golden toning gracing steel gray fields. Very few marks are noted.  Extremely choice. 

In the 1850s, contemporary collectors avidly sought examples of many types of Colonialcoins for inclusion in their collections. According to numismatic lore, in 1858 C. Wyllys Betts discovered three sets of 1787-dated Fugio copper dies on the site of the Broome & Platt store in New Haven, Connecticut. Betts's "discovery" was supposedly made while rendering services to coin dealer Horatio N. Rust who, circa 1860, had Fugio coppers struck in copper alloy, silver and gold from these dies. These coins are known as the New Haven Restrikes. Modern numismatic scholarship has proven that very little of the above-mentioned account is true. What is true is the increased popularity of coin collecting in the United States in the 1850s made it profitable to produce and sell reproductions of the historically significant Fugio coppers. Scovill Manufacturing Company of Waterbury, Connecticut, is the firm which evidently created dies used to strike these coins. Horatio Rust still seems to have been involved, but only as a distributor of these pieces or, maybe, the person who commissioned Scovill Manufacturing Company to create the dies and/or coins. Technically, these coin are neither from New Haven nor are they restrikes, as they differ in detail from original Fugio coppers, particularly on the reverse where the rings are narrow. Most examples of this type are struck in copper, bronze or brass, although rarer silver and gold impressions are also known. The present lot features one of the rare silver impressions of the Newman 104-FF "New Haven Restrike" variety, one of perhaps just 50 pieces originally produced. 

More Information

Grading Service PCGS
Grade MS63
Denomination Type Fugio Cent
Numeric Denomination Fugio
Mint Location Philadelphia
Designation NONE
Strike Type Business
Circ/UnCirc Uncirculated
Grade Add On NONE
Holder Type N/A