SOLD
8,500.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2006 Feb 06 @ 10:47UTC-8 : PST/AKDT
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Graded solely by the reverse, as the obverse was struck from an already circulated and then flattened coin. One of 500 pieces struck in 1879 by the New York coin and stamp dealer, J.W. Scott & Co. While the story behind the issuance of this piece is well known, it bears repeating. In 1879, it was learned that Dr. B.F. Taylor of New Orleans owned an original 1861 Confederate Half Dollar, as well as the original reverse die. J.W. Scott & Co. eventually purchased the die, and decided to offer silver restrikes at $2.00 each with the mintage figure set at 500 pieces. The firm then purchased 500 regular issue 1861-O Half Dollars and had the reverses of these coins planed off. After the entire run of restrikes was struck, the new die was softened and cancelled so that no more pieces could be struck. It has been stated that "no more than 250" were sold despite clever and extensive promotion by Scott. Today, examples of the 1861 Confederate Restrike are scarce and always in demand. This is one of the nicer pieces we have seen offered in some time, as the obverse is unusually free of marks and shows considerable luster.
Auction Location:
9478 W. Olympic Blvd, Beverly Hills, California, United States
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