Here's one cool Fugio cent

TWQG

double struck MS66RB

DominusDeus

It amazes me how some of these coins from well over 200 years ago can survive in such remarkable condition... The same can be said for coins over 100 years old. A PR68DMPL morgan is amazing. As is an 1800's barber coin in proof dcam. Just HOW it survived in such great condition... gotta wonder sometimes.

ColonialCoinUnion

Stack's John Ford collection, Part I, lot #254. $10,350:


1787 K.8-X. Fine Rays. STATES UNITED. Rarity-3. Choice Uncirculated, red and brown. 149.0 gns. A dramatic off center double strike of this Bank of New York Hoard variety. Struck first with correct centering, and then struck a second time as it was on its way out of the dies, the second strike overlying the first and covering about 60% of the coin. As a result, there are two sun faces, two FUGIO inscriptions, and a partial double set of interlinked rings on the reverse. {cp8}(SEE COLOR PLATE)

This coin (and 99% of other Fugios that retain original mint red) are almost certainly from the Bank of New York Hoard.

The surviving population of uncirculated Fugios with some red on them numbers in the hundreds of pieces, of which this is the finest double struck example I've ever seen.

dorkkarl

it is an extraordinarily kool koin.

K S

JadeRareCoin

Very cool colonial, but how does one determine the difference between an MS-65 and an MS-66 on a double struck coin from 1787? Answer: you just pull it out of your arse. I liked it better when Colonial coins were "Unc", "Ch. Unc." or "Gem Unc."

Shamika

Do you think the owner would give it to me if I offered him my left nut?

JadeRareCoin

Do you think the owner would give it to me if I offered him my left nut?

Unlikely, unless your left nut is made entirely of gold and it weights 70.6 ounces (that's very heavy). That would equate to a street value of $30,000 based on today's spot price of gold.

What caught my attention was the mark-up of this piece. As CCU pointed out, it recently sold for $10K and now it is being offered at $30K. Are Colonial coins that "hot", or are some people hittin' the crack pipe a bit too much?

ziggy29

It looks like NGC gives a little more slack to 200+ year old coppers with respect to the RB designation. I've seen plenty of coppers with more red than this given a BN designation.

kieferscoins

<< <i>As CCU pointed out, it recently sold for $10K and now it is being offered at $30K. Are Colonial coins that "hot", or are some people hittin' the crack pipe a bit too much? >>



You need to look again. The opening bid is $25K not $30K. I know its still a huge markup.

Cameron Kiefer

coinguy89

I like them better not double struck like that, but it's still a pretty sweet coin.

ColonialCoinUnion

<< <i>

<< <i>As CCU pointed out, it recently sold for $10K and now it is being offered at $30K. Are Colonial coins that "hot", or are some people hittin' the crack pipe a bit too much? >>



You need to look again. The opening bid is $25K not $30K. I know its still a huge markup.

Cameron Kiefer >>



Cameron - the BIN is $30K. But that doesn't necessarily indicate that the mark up is THAT big. A lot of the Ford stuff traded on the secondary market and its possible, if not likely, that the current seller was not the original buyer and thus paid more than $10,350.

Darkhorse

Were older US coins lacquered to preserve the red luster? Many British pennies (and colonial equivalents) have survived in Red condition due to lacquering.

JadeRareCoin

Were older US coins lacquered to preserve the red luster?

Lacquering was not as prolific amongst American collectors as it was in Europe. Once in awhile I find an old colonial or early copper (or silver) that has been lacquered, but they are few and far between.

ColonialCoinUnion

<< <i>Were older US coins lacquered to preserve the red luster? Many British pennies (and colonial equivalents) have survived in Red condition due to lacquering. >>



Some were - and still show evidence of laquering. Others had their laquer removed in relatively recent years and thus are still red but don't exhibit any trace of the laquer that kept them that way. Others - such as the Fugio that is the subject of this thread - seem to have survived in the Bank of New York hoard, red intact, by virte of being well-stored plus some element of good luck.

northcoin

That's one ERROR coin. An error for anyone who bids what is being suggested. Fugio's are not that rare and where is the collector base for errors of that era?

rainbowroosie

I LOVE that coin!!!!!!!

MrEureka

where is the collector base for errors of that era?

Northcoin - You don't get out much, do you?

northcoin

I actually have a double struck 1808 2 and 1/2 dollar gold piece. The seller from whom I acquired it informed me that I could not expect the double striking to add to its value because there was not a significant collector base for old error coins. That was several years ago and I would be pleased to learn that such a collector base has developed over the past few years. Unfortunately I sense that error coins of that era are like patterns - they are so few and so unique that the collector base is thin. I note that the coin in question achieved no bids so we at least know that no one was willing to even offer the $25,000 minimum bid on the subject coin which sold at a recent auction for less than half that amount.

northcoin

Anyone notice if it got relisted?

wingedliberty

Wow!!