1787 Fugio 1c No Cinquefoils, AM CONGRESS Newman 1-CC BN

Coin / United States of America / 1787 / / Fugio Cents / Fugio 1c

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.

coinage-type Fugio cent
desg MS
edge Plain
material Copper
mintage 3 or 4 known
pcgs-link 871
pcgs-number 871
variety No Cinquefoils, AM CONGRESS
variety-2 Newman 1-CC
year-display 1787