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1861 50C Scott Restrike MS62 PCGS....

2010 September Long Beach, CA Signature US Coin Auction #1144

 
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Auction Ended On: Sep 23, 2010
Item Activity: 6 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

CSA Scott Restrike Half Dollar, MS62
1861 50C Scott Restrike MS62 PCGS. The story of New York coin and stamp dealer John W. Scott and his "restriking" of the Confederate States of America half dollars, circa 1879, is a thrice-told tale. Self-promotion and profit, as usual, appeared to be his motive, as he also produced 500 white metal tokens advertising, or at least mentioning--his family/company name.
Although these coins have long been known as restrikes, these coins were in fact restruck on one side only with the Confederate States of America reverse. That reverse was also combined to make the white metal "Scott tokens" that refer to the CSA production of '4 ORIGINALS STRUCK BY ORDER OF C.S.A." In the case of the Scott "restrike" half dollars, the restamping of the reverse resulted in a flattening of the original (obverse) sides, explaining the weak detail always present.
This piece offers rich champagne-pink patina on the CSA side, and a lightly toned Federal side, with a few scattered areas of amber. This piece is also notably free of the struck-in grease stains, as made, that afflict many survivors, even those in high grade. While such "as made" grease stains should not affect a technical grade, they can certainly be a consideration in overall eye appeal. Population: 28 in 62, 18 finer (8/10). (PCGS# 340402)

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