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    Description

    1861 Confederate States of America Cent, XF Details
    Haseltine's Gold Restrike of 1874
    Struck from Robert Lovett's Original Dies
    Only Six Pieces Positively Identified

    1861 1C CSA Cent, Gold Restrike -- Damaged -- NGC Details. XF. 6.46 grams. Ex: Groves-Robison. Numismatic tradition states that Robert Lovett made a small quantity of original copper-nickel Confederate cents after receiving an order from a well-known Philadelphia jeweler who reportedly represented the CSA government. That tradition continues to state that Lovett became nervous over perceived treasonous activities, and told no one about the coins until almost a decade had passed since the end of the Civil War. We are unaware of any fact to support this tradition, aside from the coins themselves.

    In 1874, coin dealer John W. Haseltine, who himself served in the Civil War, became aware of these pieces and persuaded Lovett to sell them to him, along with the dies. Haseltine then set about making restrikes in copper, silver, and gold. A circular to collectors bearing the imprint of Haseltine, J. Colvin Randall, and Peter L. Krider, notes that seven gold examples, 12 silver examples, and 55 copper restrikes were minted. Three decades later, Haseltine claimed only three were struck in gold and five in silver. Clearly the circular is more accurate.

    Both sides have myriad small marks, with a sizeable gouge at CA in AMERICA on the obverse, and short scratches inside the wreath on the reverse. Although noticeably cleaned, this gold restrike has acquired attractive peripheral copper toning. Although NGC describes this piece as damaged, it represents an extremely important opportunity for the collector to acquire the most affordable example among the six surviving specimens.

    Abbreviated Census of Haseltine Gold Restrike Confederate Cents

    1. PR64 Uncertified. Eliasberg Collection (Bowers and Merena, 4/1997), lot 3011, which sold for $55,000.
    2. Choice Brilliant Proof. Americana Sale (Stack's, 1/2002), lot 876.
    3. PR63+ Deep Cameo PCGS. CAC. Henry P. Kendall Foundation (Stack's, 3/2015), lot 2580, which sold for $76,375.
    4. PR63 Uncertified. Harry W. Bass, Jr. Collection (Bowers and Merena, 5/1999), lot 2074.
    5. PR62 Cameo PCGS. William H. Labelle, Sr. Sale (ANR, 7/2005), lot 27, not sold.
    6. VF, impaired. Ex: Major Mackey (Jacksonville, Florida); Louis Moskovits (New Smyrna Beach, Florida, circa 1934); later, Brand-Lichtenfels Sale (Kreisberg-Schulman, 3/1964), lot 1017; Lester Merkin (10/1973), lot 457; Donald Groves [Partrick] Collection (Stack's, 11/1974), lot 467; Ellis Robison Collection (Stack's, 2/1979), lot 325; Michael Steig Collection (Bowers and Ruddy, 9/1982), lot 2013; Stack's (1/1989), lot 680, which sold for $6,600. The present specimen.

    Additional Appearances:
    A. Proof. J.W. Haseltine (11/1881), lot 486a, sold for $19.25.
    B. Proof. H.P. Smith (7/1882), lot 945, sold for $17.75.
    C. Proof. W.E. Woodward (6/1885), lot 1388, sold for $15.00.
    D. Proof. W.E. Woodward (1/1889), lot 847.
    E. Proof. The Judson Brenner specimen illustrated in the 1914 ANS Exhibition Catalog. Brenner loaned his original copper-nickel cent along with Haseltine Restrikes in gold, silver, and copper. The catalog notes that the gold restrike was illustrated, although the image is suggestive of a copper or copper-nickel example.
    F. Proof. Walter Breen reported a gold Confederate Restrike cent that is part of the Smithsonian Institution. We believe that the piece is a circa 1961 Bashlow Restrike. The Smithsonian also has the original dies for the Confederate cent.
    G. Brilliant Proof. Dealer B.G. Johnson sold a gold Confederate cent to F.C.C. Boyd for $150 on August 9, 1941. We have not determined which coin this is among those listed above. (NGC ID# 2C4X, PCGS# 340408)


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    February, 2018
    22nd-27th Thursday-Tuesday
    Bids + Registered Phone Bidders: 24
    Lot Tracking Activity: N/A
    Page Views: 2,432

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