Previous      Table of contents      Index      Next

Fugio Cent

On April 21, 1789, the US Congress authorized the treasury "to contract for 300 tons of copper coin"... to "be coined at the expense of the contractor." On July 6 they instructed the treasury board to "direct the contractor ... to stamp on one side of each piece ... thirteen circles linked together...; on the other side ... a dial with the hours expressed on the face ...; a meridian sun above on one side of which is the word 'Fugio,'...." With these words, Congress authorized the Fugio or Franklin cent. Legend credits the design to Ben Franklin....