Copper 1 cent, 28 mm.
O: Sun Dial, Sun above, "FUGIO" to the left (Latin phrase with
the intended meaning "time flies"), 1787 to the right, inscription "MIND
YOUR BUSINESS" below.
R: 13 links of chain symbolizing the thirteen colonies, small
circle centrally upon which "UNITED STATES" is written, "WE ARE ONE" within
the circle.
These "FUGIO" cents represent the first coins issued by the authority
of the United States, minted in New Haven, CT, and possibly elsewhere.
It is believed that Benjamin Franklin provided the designs and inscriptions
for this coin; hence, they are also known as "Franklin" cents.
Benjamin Franklin spent his early years as journalist and publisher
in Philadelphia. He began to print "Poor Richard's Almanac" in 1732,
and the wisdom and advice which it contained (including "Early to bed and
early to rise make a man healthy, wealthy, and wise") brought him recognition
and prosperity. In colonial times, he held office in the Pennsylvania
legislature and became Deputy-Postmaster General for the colonies.
In 1748 he began his research into electricity, proving that lightning
and electricity are identical, and suggesting that buildings be protected
by lightning-conductors. He also invented a form of fireplace eventually
known as a "Franklin Stove". In 1776, he was actively involved in
the framing of the Declaration of Independence. During the Revolutionary
War, he was the first US Minister in Paris and gained critical French aid.
A skilled negotiator, he successfully won Britain's recognition of US independence
in 1783. He served as President of the State of Pennsylvania, and
a member of the Constitutional Convention.