Intriguing 1861 Confederate Half Restrike, MS641861 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.
From The Southwest Collection. (NGC ID# 2C4T, PCGS# 340403)
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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