– Fugio Cents (1787)

The Fugio Cent, also known as the Franklin Cent, is a historic coin issued by authority of the United States Confederation Congress in 1787. It holds a significant place in American numismatic history and is considered one of the earliest official coins minted by the United States. Here's an overview of the Fugio Cent: 

Design: The obverse (front) of the coin features a sundial with the Latin motto "Fugio," meaning "I fly" or "I flee." The sundial is surrounded by the inscription "Mind Your Business," a reminder of the importance of thrift and industry.  

Designer: The design of the Fugio Cent is attributed to Benjamin Franklin, one of the Founding Fathers of the United States and a renowned inventor, statesman, and polymath. 

Metal Composition: The Fugio Cent was struck in copper, which was the primary metal used for U.S. coinage during the late 18th century. The coins were relatively small, with a diameter of about 28 millimeters. 

Mintage: The mintage numbers for the Fugio Cent were relatively low, with an estimated total production of around 300,000 coins. The coins were minted at the request of the Confederation Congress to provide a standardized currency for the newly formed United States. 

Historical Context: The issuance of the Fugio Cent was part of the United States' efforts to establish a stable and recognizable currency system following the American Revolution.  

Collector's Value: Due to their age, historical significance, and limited mintage numbers, Fugio Cents are highly sought after by coin collectors and numismatists. Coins in good condition, particularly those with sharp details and attractive patina, can command high prices on the numismatic market. 

Legacy: The Fugio Cent holds a special place in American numismatic history as one of the earliest official coins minted by the United States. It reflects the ideals and aspirations of the young nation, as well as the ingenuity and creativity of Benjamin Franklin.  

Today, these coins serve as tangible artifacts that offer insights into the economic, cultural, and political landscape of late 18th-century America. 

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