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    Description

    1787 Fugio Copper, MS64 Brown
    Newman 1-Z

    Cross After Date, Raised Rims
    Likely the Finest Known

    1787 1C Fugio Copper "Cent," Raised Rims, Cross After Date MS64 Brown NGC. CAC. Newman 1-Z, W-6610, R.7. 154.0 grains. The combination of the Cross After Date obverse and the Raised Rims reverse yields an extremely important single-variety type with claims to pattern status. In the "Fugio Files Updated, Part Twelve," published in the July 1994 issue of Penny-Wise, Michael McLauglin writes:

    "The elements on this die were hand engraved which lends credence to the probability that this die was a pattern. Against this, however, the proportion of survivors of this variety in lower grade attests to their circulation. Perhaps a 'production pattern' designation to this die would not be inappropriate."



    The hand engraving of both dies is not immediately obvious on lower grade pieces, but it is readily apparent on this Mint State piece. This Production Pattern issue may illustrate a stage in the Fugio design process as Michael Hodder suggested in the October 2003 Ford catalog. Since obverse 1 is identified as both a pattern and production obverse, the combination of these two dies is unprecedented among regular issue Fugios. Walter Breen recorded this variety and others from obverse 1 as prototypes of Jarvis & Company's New Haven Mint.

    The Norweb coin, plated in Newman's 2008 Fugio reference, was graded AU55. The finer of two in the Ford sale was called "Nearly About Uncirculated," which apparently means XF. The Eric P. Newman 1-Z is an impressive example and likely the finest known. The satin surfaces display splendid olive-brown color with a few splashes of steel toning. A few planchet rifts or laminations are typical of the Fugio series.
    Ex: Eric P. Newman Numismatic Education Society.

    Coin Index Numbers: (NGC ID# B7VH, PCGS# 877)


    View Certification Details from NGC

    Auction Info

    Auction Dates
    November, 2014
    14th-15th Friday-Saturday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 2,164

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
    Sold on Nov 14, 2014 for: Sign-in or Join (free & quick)
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