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First a "coins in lucite" thread, then a colonial thread...here's a "Fugio in lucite&
MidLifeCrisis
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According to Louis Jordan's University of Notre Dame Department of Special Collections website:
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.
Images courtesy of ColonialCoinUnion.
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.
Images courtesy of ColonialCoinUnion.
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Hoard the keys.
(not my coin; pic from the web)
i think orville can contribute to this thread also, seems like he had a pic of a lucite Fugio from the NY Bank Hoard in his sigline at one point
www.brunkauctions.com
www.brunkauctions.com
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
yes, they were
www.brunkauctions.com
<< <i>>>Was it cleaned before it was embedded in the lucite?>>
yes, they were >>
Was it a quick dip or something more harsh? Anyone know?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>>>Was it cleaned before it was embedded in the lucite?>>
yes, they were >>
Was it a quick dip or something more harsh? Anyone know? >>
The ones I have seen looked dipped, and not abrasively cleaned, but I have only seen a few.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sure would love to own one of these (dipped or not).
<< <i>WoW so how do you crack it out of that holder?
Band saw.
Empty Nest Collection
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
However, if you are so inclined, I have heard that you can remove these from the lucite by putting the block in a freezer and then smashing it with a large hammer, though I have never seen that done and can imagine that even if that did work the coin might get damaged in the process.
<< <i>They tend to sell for a slight premium based on the holders (as compared to the value of a raw, cleaned AU / Unc. Fugio).
However, if you are so inclined, I have heard that you can remove these from the lucite by putting the block in a freezer and then smashing it with a large hammer, though I have never seen that done and can imagine that even if that did work the coin might get damaged in the process. >>
I'd love to see that on You Tube! So, anybody here got the guts to do it?
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
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Indeed, the fugio inside the lucite holder are dipped and somewhat harshly in my opinion.
As far as assessing the value of these things, I would say the lucite holder packaging now represents 80% of the value of the coin and holder.
Removing the lucite holder would be in a word, DUMB.