Need identifying 1787 colonial coin

[Coinstar magnet]

A coworker of mine is donating some coins to an historical society here in Massachusetts. He was curious about the value and history of this coin. Any help is welcome. Thank you in advance!

 

[DerbyCityJP]

A coworker of mine is donating some coins to an historical society here in Massachusetts. He was curious about the value and history of this coin. Any help is welcome. Thank you in advance!

This USA 1 cent coin from 1787, known as the Fugio Cent, is a significant piece of American history. These coins were America's first official issue and are highly valued by collectors. The production background reveals they were produced under the authorization of the Continental Congress. In circulated condition, these coins can vary, yet they typically fetch between $3,000 - $10,000, depending on the wear and overall aesthetic appeal. In uncirculated conditions, with better preservation and less wear, prices can soar to a range of $30,000 - $100,000 due to their historical significance and rarity. Market demand remains strong, bolstered by interest from both historical enthusiasts and numismatists.

 

[l.cutler]

Most Fugios in high grade like this one were from the Bank of New York hoard. A keg of uncirculated Fugios was found in the vaults of the bank in the 1850's, over the years they were given out to special customers, friends etc. Exact value depends on the die variety of these, of course rarer varieties are worth more than the common ones. This one is a 13-X which is a common variety that was pretty prevalent in the Bank of New York hoard. Fugios were fairly recently given the status of the first official regular issue US coin which has boosted popularity and prices. I could see one like this bringing somewhere around $3000 to $4000 if authenticated and graded.

 

[Coinstar magnet]

This USA 1 cent coin from 1787, known as the Fugio Cent, is a significant piece of American history. These coins were America's first official issue and are highly valued by collectors. The production background reveals they were produced under the authorization of the Continental Congress. In circulated condition, these coins can vary, yet they typically fetch between $3,000 - $10,000, depending on the wear and overall aesthetic appeal. In uncirculated conditions, with better preservation and less wear, prices can soar to a range of $30,000 - $100,000 due to their historical significance and rarity. Market demand remains strong, bolstered by interest from both historical enthusiasts and numismatists.

That's amazing. I'll pass this on. Very much appreciated!