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SERIES: Confederates
LEVEL: Year, MintMark, & Major Variety

1861 1C CSA Restrike-Gold (Proof)

PCGS #:
340408
Diameter:
Designer:
Weight:
Edge:
Mintage:
Metal Content:
Copper
Auction Record:
$76,375 • PCGS PR63+ • 3-26-2015 • Stack's/Bowers
Condition Census (Explain)
Pos Grade Thumbnail Pedigree and History
1 PCGS PR64  
1 PCGS PR64  
3 PCGS PR62  
3 PCGS PR62  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PCGS PR64  
1 PCGS PR64  
3 PCGS PR62  
3 PCGS PR62  
P. Scott Rubin: The Confederate Cent Restike struck in gold is dated 1861 but was produced in 1874 by Philadelphia coin dealer John W. Haseltine and Philadelphia numismatist J. Colvin Randall. Only seven coins were struck in this Gold. The dies were acquired from Robert Lovett, Jr., the creator of the coin, either in late 1873 or early 1874.

It is believed that the dies were created in 1861 to be used for a coinage for the Confederates States of America. One of the obvious reasons these dies never made it to the Confederacy is that the reverse die cracked while Lovett made about fifteen samples of the coin. This set of dies was then used to make not only the seven gold Restikes but also 12 silver and 55 copper coins, the originals were made in copper-nickel. It should be noted that Indian Head Cents of 1861 were also made of copper-nickel.

Because the reverse die already showed stress in the form of a reverse crack the pressure used to strike the Haseltine and Randall Restikes was less than the pressure used to strike the Original Confederate Cent. This is best seen on the reverse of the Restikes where the designers initial ā€œLā€ is soft on the bottom as it appears on the bale of cotton.

It is obvious that this is a very rare coin with a mintage of only seven, and possibly five accounted for today (2014).