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    Description

    1787 Fugio Cent, New Haven Restrike
    Stars in Rings, Very Fine
    N. 103-EE, Unique in Gold

    1787 Fugio Cent, New Haven Restrike, Stars in Rings, Gold, VF20 NGC. N. 103-EE, Breen-1345, W-17530, Unique. 13.59 gm. Entrepreneur Horatio N. Rust was the man behind the misnamed New Haven Restrike Fugio cents. Circa 1860, he contracted with the Waterbury, Connecticut, firm Scoville Manufacturing Company to produce several varieties from copy dies. Today, the Plain Rings variety (Newman 104-FF) is relatively plentiful in copper and brass, but the American Congress and Stars in Rings marriages (and their various trials) are formidable rarities. No genuine Fugio cents have stars within the rings, which makes it unclear why Rust designed the EE die with 13 reverse stars. He might have believed the variety could be marketed to collectors familiar with 13 stars on one side (and, sometimes, both sides) of early Federal coins. In any event, not many were made. Two or three pieces are known in silver, including the Col. Green - Eric Newman piece we offered as lot 3076 in our November 2014 Newman Part V Signature. One is known in brass, and Breen lists a copper example but adds it is untraced. The gold example is unique, and was likely the final piece struck from the Newman 103-EE die pair, given the central failure of the obverse die. The obverse border also exhibits a network of fine die cracks. Presumably, the obverse die was not hardened prior to use. The high points are honey-gold, while the fields are tan-brown. No marks are noticeable, but the high-point wear evident on both sides indicates it must have been carried as a pocket piece. The wear may have been an attempt by Rust or an early owner to increase its acceptance as authentic by the 19th-century numismatic community. The present example appeared as lot 661 in the New York Coin & Stamp Co. auction of the celebrated Lorin G. Parmelee collection, and was described as having "no duplicate known in either type or metal." Parmelee sold it to Virgil M. Brand in 1899. Listed on page 90 of the 2021 Guide Book.
    Ex: Lorin G. Parmelee (New York Coin & Stamp Co., 6/1890), lot 661, where it was bought in; Lorin G. Parmelee (7/31/1899); Virgil M. Brand (Journal #20690); Brand Estate; later, Jon Hanson; Donald G. Partrick.


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    Auction Info

    Auction Dates
    April, 2021
    22nd-25th Thursday-Sunday
    Bids + Registered Phone Bidders: 39
    Lot Tracking Activity: N/A
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