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The Fugio cent, also known as the Franklin cent, [1] [2] is the first official circulation coin of the United States. Consisting of 0.36 oz (10 g) of copper and minted dated 1787, by some accounts it was designed by Benjamin Franklin .
The Continental Currency dollar coin (also known as Continental dollar coin, Fugio dollar, or Franklin dollar) was the first pattern coin struck for the United States. [1] [2] The coins, which were designed by Benjamin Franklin, were minted in 1776 and examples were made on pewter, brass, and silver planchets. [3]
1787 Fugio Cent (aka Franklin Cent) “One of the earliest, if not the earliest, coins issued by the U.S., the 1787 Fugio Cent is steeped in history,” Byers said. “Although records are sparse ...
The Bank of New York Hoard is the name given to identify a treasure trove of several thousand Fugio Cents that were discovered at the Bank of New York. Sometime in 1788, a keg of Fugio cents was acquired by the bank and stored in the basement. The coins were forgotten until they were rediscovered in 1856, this time at the bank's current location.
The 1787 Fugio cent is sometimes referred to as a Franklin cent, and it’s been deemed the first coin that was in circulation in the U.S. This coin was minted only in the year 1787, and 398,577 ...
On May 8, 1792, An Act to Provide For a Copper Coinage [1 Stat. 283]] was signed into law by President George Washington.It followed the precedent of the Fugio cent of 1787 in establishing the copper cent, from which descends today's one-cent piece.
The first authorization for the establishment of a mint in the United States was in a resolution of the Congress of the Confederation of February 21, 1782, [2] and the first general-circulation coin of the United States, the Fugio cent, was produced in 1787 based on the Continental dollar.
The chain cent was America's first large cent and the first circulating coin officially produced by the United States Mint. [1] It was struck only during 1793. [2] [3]It was not the first circulating coin produced by the United States, which was the Fugio cent of 1787 (also known as the Franklin cent), based on the Continental dollar.