1861 CONFEDERATE CENTMintage:
see individual Varieties
Designer: Robert
Lovett, Jr.
Diameter: ±19
millimeters
Metal content:
Weight:
Edge: Plain
Mintmark: none (all
of these were made privately)
Varieties:
Originals:
Copper-Nickel - 12 struck
Restrikes from unbroken dies:
Copper - 55 struck
Gold - 7 struck
Silver - 12 struck
Restrikes from broken dies:
Aluminum - 50 struck
Bronze - 5,000 struck
Gold - 3 struck
Goldine - 5,000 struck
Lead - 50 struck
Nickel Silver - 50 struck
Platinum - 3 struck
Red Fiber - 50 struck
Silver - 5,000 struck
Tin - 50 struck
Zinc - 50 struck
In
their June 11, 2001 issue of The Coin Collector, Bowers &
Merena Galleries offered an undated (c. 1874) Washington Head/Confederate
Cent muling for $24,000.00
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Images courtesy of Ira
& Larry Goldberg Coins & Collectibles, Inc.
Significant examples:
PCGS PR-64 Brown, Restrike in
Copper (illustrated above). Ex - Ira S. Reed, July 28, 1945 at
$50.00 - Ira & Larry Goldberg Coins &
Collectibles, Inc.'s "The Benson Collection" Sale - Part 1,
February 18-20, 2001, Lot 1196 at $12,075.00 (see description below)
Notes:
From the "Benson Collection" catalog, courtesy of Ira &
Larry Goldberg Coins & Collectibles, Inc.: "1864 Confederate Cent,
Copper Restrike. PCGS graded Proof 64 Brown. The origin of the
Confederate cent is as follows: in 1861 an official of the Confederate
States of America contacted the jewelry firm of Bailey & Co (later
Bailey, Banks, and Biddle) and requested a die cutter who could make a
C.S.A. cent. Robert Lovett, Jr. was selected, and he was a logical
choice, as he had extensive experience with die engraving. Lovett
employed the head of Minerva, which he had used on an earlier one cent
sized token from 1860, and employed a wreath of distinctive Southern
agricultural products, including a bale of cotton at the bottom.
Lovett struck twelve coins with his dies, employing the then current Union
alloy of copper and nickel used on Indian cents. Lovett soon had
second thoughts, and fearing arrest by Union authorities for aiding the
Confederates, he canceled the project and concealed the dies and dozen
coins. After the war ended, Lovett took one of the coins and used it as a pocket
piece. One day in 1873, Lovett accidentally spent the Confederate
cent at a Philadelphia bar. The barkeep recognized the piece as
unusual and showed the coin to a numismatist friend. Or so the story
goes. In any event, Edward Maris, a prominent Philadelphia collector
learned of the coin and its source. Maris contacted Lovett and
purchased not only the other coins, but the dies too. Soon Capt. John W. Hazeltine and his associate J. Colvin Randall learned
of the coins and dies, and procured them from Maris or possibly Lovett (if
Maris hadn't purchased the dies). A plan was hatched to coin
restrikes, and Peter Kinder (a medalist and die sinker) of Philadelphia
was engaged for this purpose. A pamphlet was produced which stated
that seven gold, twelve silver, and 55 copper restrikes had been made,
with the dies breaking on the 55th copper strike. No copper nickel
restrikes were made to preserve the integrity of the original dozen coined
by Lovett. In 1961 Robert Bashlow, a New York entrepreneur, took the rusted and
broken dies and had copies made by the transfer process. These
pieces have irregular surfaces, and are quite unlike the 1874
restrikes. Our thanks to Bowers and Merena (Eliasberg II) for the
above. PCGS has only graded this example and one other (EF-40) of this important
issue. Perhaps the others are tied up in collections, or simply
haven't been graded as of yet. The surfaces show a few minute spots,
and there is one small low area in the field below ES of STATES.
About twenty percent of the original mint red can be seen in the lettering
and devices. Beautiful in color and a gem in surface quality, which
is simply amazing for a coin of such importance."
Sources and/or recommended
reading:
"The PCGS Population Report, October 2002" by The
Professional Coin Grading Service
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