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Lot
3671

1861 50C Scott Restrike MS64 NGC. CAC. Breen-8002....

2012 November 29 - December 2 US Coin Signature Auction - Houston #1177

 
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Auction Ended On: Nov 29, 2012
Item Activity: 10 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010

Description:
Breen-8002 Scott Restrike 1861
Confederate Half Dollar, MS64
1861 50C Scott Restrike MS64 NGC. CAC. Breen-8002. Four original half dollars were coined at New Orleans after the Mint was captured by the Confederacy in 1861. Years later, the special Confederate die was acquired by J.W. Scott, the New York coin dealer who operated Scott & Co. He then developed a scheme to restrike these pieces. He acquired 500 1861-O half dollars, each lightly circulated, ground down the reverse to create "planchets" and produced his famous Confederate half dollar restrikes. Because of the nature of production, every example is flattened on the obverse, in addition to the usual light wear they received in circulation before Scott acquired them. Therefore, grading can only be accomplished by examination of the Confederate obverse. The reverse of these pieces is the Liberty Seated design bearing the 1861 date.
This example has impressive ivory luster with a full cartwheel effect. Steel toning has gathered near the rims. The flattened Liberty Seated "reverse" has outstanding rainbow iridescence.
Ex: The Southwest Collection (Heritage, 2/2008), lot 618. (PCGS# 340402)

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