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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]
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 ...
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.
On April 21, 1787, the Continental Congress endorsed a contract for 300 short tons (600,000 lb) of copper coin being of federal standard from James Jarvis. [10] The copper coinage was milled as the first standardized coin of Colonial America known as the Fugio cent .
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.
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.
Sean “Diddy” Combs and 50 Cent came up in the rap industry around the same time — and have been feuding for almost as long. While Diddy and 50 Cent have been at odds since the early 2000s ...