1787 Fugio Cent. Pointed Rays. Newman 12-S, W-6805. Rarity-5-. STATES UNITED, 4 Cinquefoils. VF-25 (PCGS).
158.3 grains. Glossy olive-brown surfaces show even, trouble-free wear, with all devices and legends clearly visible where they are not worn to a degree commensurate with the VF-25 grade designation. Well-struck and essentially perfectly centered on a high-quality flan that is absent the sometimes harsh and huge natural planchet streaks and flaws that are inherent to the less-than-ideal smelting methods used for the copper that became the canvases for the Fugio coinage. As with most other non-Bank of New York Hoard Fugios, the Newman 12-S is not even rumored to exist in Mint State, but there are enough choice VF and EF pieces, as well as some AUs to allow even discriminating collectors to acquire a piece to their liking, with this particular example tied for ninth place with five others in the Retz census. This served as the primary collection coin in two great Fugio cabinets: the publicly unheralded Scarinci Collection and the Syd Martin Collection.
PCGS# 878097.
To view supplemental information and all items from the Sydney F. Martin Collection, click here.
From the Sydney F. Martin Collection. Earlier from Heritage's sale of August 1993, lot 5016; Donald Scarinci Collection, November 2010.

Estimate: $3000