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Sale 38 Lot 117

1787 FUGIO PENNY An early United States coin, a 1787 Fugio one cent piece, graded Fine-12 by Photo Certified Coin Institute, ca. 1980's, wear to high point on obverse, reverse appears it should grade higher. On 21 April 1787, the Continental Congress of the United States authorized a design for an official penny, later referred to as the Fugio cent because of its image of the sun shining down on a sundial with the caption, "Fugio" (Latin: I flee/fly). This coin was reportedly designed by Benjamin Franklin, and as a reminder to its holders, he put at its bottom the message, "Mind Your Business". The image and the words form a rebus meaning that time flies, do your work. The reverse side of both the 1776 coins and paper notes, and the 1787 coins, bore the third motto "We Are One" (in English) surrounded by thirteen chain links, representing the original thirteen colonial states.
Estimate $ 300-400

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