1861 Confederate States of America Half Dollar, CSA
Restrike, PCGS MS62. Offered here is one of 500 restrikes
of the 1861 Confederate half dollar, of which only
four originals were struck in 1861. This restrike
was made by coin dealer J.W. Scott sometime in 1879,
after he had obtained the original reverse die that
was used to strike the originals. Scarce in all grades
and always in demand for their historical significance,
this is a rare opportunity to obtain an uncirculated
example of one of the most well-known restrikes every
made of American coinage, and one of the few coins
related to the Confederate States of America which
is available to collectors.
These pieces were created by J.W. Scott from original
1861-O half dollars, many which were in circulated
condition. The present piece is such a piece, as the
reverse (usually the obverse) with the seated liberty
figure clearly shows signs from circulation. However,
this is the case with virtually all known examples,
with the grade determined by the obverse. The present
coin, after it was struck by J.W. Scott in 1879 has
retained in uncirculated condition, with no signs
of wear visible on the obverse.
PCGS, since they began grading in 1987, have only
graded 28 MS-62’s with a mere 15 finer. The
finest known of this restrike are 5 MS-64’s,
with no gems currently graded by PCGS. In fact, observed
by the irregularity of sales of this particular coin,
we think that the number of individual coins might
be much lower, as many of the 62’s and 63’s
appear to have been submitted to PCGS on multiple
occasions in hope of a higher grade.
As such, it is very well possible that this variety
is actually scarcer than usually thought, and personally
we think that this might be the case. Slightly toned
on both sides, the quality and eye-appeal of this
historic coin is excellent. Both sides are highlighted
by fully original, mottled gray toning, which actually
is seldom seen on these coins. As they were specifically
struck for collectors, many have been dipped or cleaned,
and have lost their original surfaces. A great and
original coin which should please every collector
of Civil War related coinage.
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