Friday, August 31, 2007

The Fugio Cent


Despite its vaguely Asian sounding name, the Fugio cent was actually the first coin of the United States. A copper penny similar to the 1776 Continental dollar, the overall design of the Fugio was dictated by Congress and was heavily influenced by Benjamin Franklin. In fact, Fugios have often been referred to as "Franklin cents". In particular, the proverbs on the coin most likely originated in Franklin's "Poor Richard's Almanack". The word "Fugio" on the coin (Latin for "I Fly") - combined with the image of the sundial ("Time") - form the popular Latin phrase "tempus fugit", or "time flies". The motto "Mind Your Business" had a somewhat different meaning back then, and was intended as advice to small businesses.

7 comments:

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