" On July 9, 1789, a New York merchant named Royal Flint purchased all of the Fugios remaining in the Treasury on credit at about one-third face value. However thirteen days later on July 20 a copper panic occurred devaluing most coppers by about seventy-five per cent of their value; this loss landed Flint in debtor's prison. Apparently, a full keg of uncirculated Fugios were acquired by the Bank of New York in 1788; these coins were stored in their basement and not rediscovered until they changed their location in 1856. The coins were then put in cotton bags and again forgotten until another rediscovery in 1926. From that time, they were slowly distributed to officials and favored customers. In 1948, the American Numismatic Society examined the remaining 1,641 Fugio's. Several examples were donated to the American Numismatic Society and others were sold to collectors. Currently the bank has 819 pieces."
You probably thought I posted my Fugio in the WT thread last night.
Here is my other Fugio. This is from the collection of my best friend/high school teacher who has now moved into a rest home. He put together 99% of a type set during the 90's. Expensive coins were mostly poor, cheap coins were pretty good. I gave him most of the difficult coins as birthday and Christmas presents including a birth year MS63 Saint (1924). It wasn't very expensive but was well beyond a Teacher's retirement fixed income. Unfortunately, all his coins were stolen when he became infirm except for some Modern Crap and his large cents which I now have. He is vicariously enjoying my re-entry into the numismatics in our daily phone calls.
<< <i>Fletch, I assume yours is one of the Bank of New York Fugios. Is that what you believe? >>
Yes, I am quite sure that it was part of the Bank of New York hoard as it is an 8-B. However, this variety is still considered scarce and there are only 170 of these @ PCGS as opposed to the 13-X of which there are 764 certified.
The original Kessler book is a GREAT resource for these!
Comments
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Sorry, I can't post images. >>
Here you go:
Edit: Very cool Fugio!
<< <i>Your into Colonials now? >>
I knew he'd get tired of those damn Saints.
<< <i>6o or 70 decades ago? >>
600 or 700 years ago?
" On July 9, 1789, a New York merchant named Royal Flint purchased all of the Fugios remaining in the Treasury on credit at about one-third face value. However thirteen days later on July 20 a copper panic occurred devaluing most coppers by about seventy-five per cent of their value; this loss landed Flint in debtor's prison. Apparently, a full keg of uncirculated Fugios were acquired by the Bank of New York in 1788; these coins were stored in their basement and not rediscovered until they changed their location in 1856. The coins were then put in cotton bags and again forgotten until another rediscovery in 1926. From that time, they were slowly distributed to officials and favored customers. In 1948, the American Numismatic Society examined the remaining 1,641 Fugio's. Several examples were donated to the American Numismatic Society and others were sold to collectors. Currently the bank has 819 pieces."
Here is my other Fugio. This is from the collection of my best friend/high school teacher who has now moved into a rest home. He put together 99% of a type set during the 90's. Expensive coins were mostly poor, cheap coins were pretty good. I gave him most of the difficult coins as birthday and Christmas presents including a birth year MS63 Saint (1924). It wasn't very expensive but was well beyond a Teacher's retirement fixed income. Unfortunately, all his coins were stolen when he became infirm except for some Modern Crap and his large cents which I now have. He is vicariously enjoying my re-entry into the numismatics in our daily phone calls.
I assume yours is one of the Bank of New York Fugios. Is that what you believe? Very nice. --Jerry
I cannot post what is in my dreams
Joe
``https://ebay.us/m/KxolR5
<< <i>Fletch,
I assume yours is one of the Bank of New York Fugios. Is that what you believe? >>
Yes, I am quite sure that it was part of the Bank of New York hoard as it is an 8-B. However, this variety is still considered scarce and there are only 170 of these @ PCGS as opposed to the 13-X of which there are 764 certified.
The original Kessler book is a GREAT resource for these!
<< <i>Where do you get your variety pops since PCGS doesn't provide these variety attributions? -jerry >>
Fletcher is giving you the UNITED STATES vs STATES UNITED pops, which don't exactly correspond to the KN numbers.
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<< <i>Your into Colonials now? >>
No...I just liked the play on Fugio/Fugin'