1787 Fugio Copper. Pointed Rays. Newman 12-Z, W-6830. Rarity-5. STATES UNITED, Label With Raised Rims, Large Letters in WE ARE ONE. Fine-15 (PCGS).A challenging variety, scarcer overall and more condition sensitive than its 19-Z counterpart. The finest known examples barely make XF and many suffer from damage or planchet issues. The present example is not the sharpest around, but is remarkable for its surface quality, choice color, and excellent provenance. Medal turn, as usual, and from a typical late state of each die with some as-struck weakness at the peripheries and central reverse.Ex Henry Chapman August 1925 ; Hillyer Ryder ; F.C.C. Boyd Estate ; John J. Ford, Jr. Stack’s October 2003, lot 279.
