1861 Confederate 1C Restrike PCGS PR-65RB. A true
gem, this confederate cent only saw ca. 12 original
pieces struck in 1861. This was done by Philadelphia
engraver and die-sinker Robert Lovett Jr., after being
ordered to do so by CSA agents. As he feared prosecution
by the United States government, Lovett hid all coins,
dies and related items in his cellar until after the
In 1874, after Lovett mistakenly spent one of the
original cents which he was carrying as a pocket-piece,
on a drink, the originals came to the daylight. Captain
John W. Haseltine bought 10 or 11 originals, the original
dies and some related documentation. In March 1874,
he started restriking the confederate cents in copper,
silver and gold.
After either the 55th or 56th copper strike, one
of the dies badly broke and coinage was terminated
and never restarted. As a result, unlike the planned
number of 500 restrikes, only 56 were produced, at
most. The dies were saved, and 100 years after the
originals were struck, another restrike was made using
badly damaged dies. These, made by Robert Bashlow
are easily distinguished from the “original”
restrikes, as they show die damage as die breaks,
cuds and the like. The dies were eventually gifted
to the Smithsonian institution, where they still remain.
The present piece is a true gem. Lightly toned, nice
original red color remains on both sides. No major
hits are noted on either the obverse or the reverse,
making this one of the finest pieces still in existence.
Some small spots on the obverse and reverse are the
only things that limit the grade. A great find for
the collector or investor who wishes to own a piece
of Confederate and US history.