NNP Encyclopedia data is provided in cooperation of Collectibles Technology Corporation (CTC) and CDN Publishing, LLC. NNP assumes no liability or accuracy of this data.
Entry Details
Coin Date: 1787 Denomination (Short): Fugio 1c Denomination (Long): Fugio Cent Variety: Fugio Cent Desg: MS Composition: Copper Strike Type: Business Coinage Type: Fugio cent Coinage Years: 1787 Edge: Plain General Notes: 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.
