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Continental currency 1/3-dollar note (obverse), with the inscriptions "Fugio" and "Mind your business".. On April 21, 1787, the Congress of the Confederation of the United States authorized a design for an official copper penny, [3] later referred to as the Fugio cent because of its image of the Sun and its light shining down on a sundial with the caption, "Fugio" (Latin: I flee/fly, referring ...
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 ...
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.
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 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]
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 .