Diameter (cent): 1 1/8 in. (2.9 cm) Frame: 16 x 19 in. ( 40.6 x 48.3 cm )
Inscription: obverse inscription: FUGIO 1787 / MIND YOUR BUSINESS Inscription: reverse inscription: thirteen linked circles with legends WE ARE ONE and UNITED STATES
Copper cent stamped on obverse with sun and sundial and legend: "FUGIO 1787 / MIND YOUR BUSINESS"; Reverse has thirteen linked circles with legends "WE ARE ONE" and "UNITED STATES." Cent mounted in original presentation frame along with printed account of Fugio cent history.
Congress passed a resolution on April 21, 1787 to produce the first U.S. copper cent for regular circulation. Over 400,000 "Fugio" cents, which meant "time flies," were minted, but never saw much use, as the contract for their production was voided a year later and the coins were acquired by the Bank of New York where they were stored until 1926. This uncirculated Fugio cent was given to the Bank of New York customer, George W. Kern in 1971 to celebrate a 50 year account relationship.
Gift of Albert C. Todaro
Albert C. Todaro Mrs. George W. Kern George W. Kern Bank of New York
Due to ongoing research, information about this object is subject to change.