2002

1861 CSA Seated Half Res NGC MS63

Currency:USD Category:Everything Else / Other Start Price:NA Estimated At:7,500.00 - 9,500.00 USD
1861 CSA Seated Half Res NGC MS63
CSA Coinage 1861 Confederate States of America Restrike Half Dollar. Breen-8002. NGC graded Mint State 63. <b>Struck using the reverse die from the Confederate issue. Undipped and attractive, with toning that shades from russet brown to medium gray and pewter color. In 1879 coin dealer J. W. Scott came into possession of the original reverse die used to strike the four original 1861 Confederate Half Dollars, at which time an authentic 1861-dated Liberty Seated obverse was mated with it. In 1879, Scott issued an 1861 Confederate Half Dollar "restrike" using genuine 1861-O New Orleans mint Seated Liberty Half Dollars as his planchets. Planing off the reverse, he put them in a collar and stamped them with the Confederate reverse, thus creating a coin similar to the four original Confederate Half Dollars. They are easily differentiated as the obverse of the coin was flattened during the striking process on Scott's pieces, and the edge reeding, because it was squeezed by the plain collar, also shows flattening. The resulting restrikes were sold by subscription, with the issue soon touted as being oversubscribed (which it wasn't). Numerous pieces remained unsold and it was not until many years later that the final coin left Scott's possession. In the years since, the 1861 Scott restrike has become a sought-after treasure, furnishing as it does an roundabout link with the Confederacy. Of the 500 restruck, most survive today, although a few may have been lost. The majority come lightly struck in portions of the reverse, with the Mint State 63 offered in this lot sharper than average, much sharper in fact; the obverse or seated Liberty side is always flattened, but varies in detail depending on the quality of the original 1861-O Half Dollar used to do the restriking. Scott avowed that 500 had been taken from circulation and thus they were in varying states of wear, mostly Extremely Fine or About Uncirculated from what we have seen.</b> <p align="center">Superior Galleries was founded in 1929 and has been a leader in
the numismatic auction business since 1971.</p> <p align="center"><b>Consignments wanted for June 2 & 3, 2002 Pre-Long Beach Sale.</b></p> <p align="center"><b>Call Steve Deeds</b> at (800) 421-0754 ext 230.</p>