1787 Fugio Copper. Pointed Rays. Newman 12-Z, W-6830. Rarity-5. STATES UNITED, Label With Raised Rims, Large Letters in WE ARE ONE. VF-35 (PCGS).

A significant example of this scarce die variety, tied for the finest graded Newman 12-Z at PCGS with one other VF-35, though this coin is considerably sharper than that other piece. Nice light brown with smooth, glossy surfaces. Close inspection reveals some tiny, faint scratches and small rough spots here and there which are of little import to the pleasing overall appearance. Remarkable sharpness for this variety that often comes weakly struck at the centers and/or peripheries. The detail here is well balanced and full throughout, with only light, even wear across the high points. Outstanding, Condition Census quality and a coin that would do justice to a high end cabinet.

PCGS# 878500.

From the Pierre Fricke Collection. Earlier from our (Stack's) Minot Collection sale, May 2008, lot 167; Anthony Terranova.