2017 U.S. Mint's 225th Anniversary Enhanced Uncirculated Set "First Day of Issue" Perfect SP-70 Grade “Edmund C. Moy” Hand-Signed Label by NGC
1861 Confederate States 50c Restrike MS-63 Grade by PCGS
Only 500 Minted!
Only four original Confederate Half Dollars were struck in 1861. The Confederate reverse die, however, was kept by Chief Coiner Dr. B. F. Taylor. In 1879 he sold the die along with his original 1861 Confederate Half Dollar to coin dealer Ebenezer Locke Mason, Jr, who in turn sold the die and coin to J. W. Scott.
Scott polished the Confederate reverse die to remove some of the rust that had accumulated and paired it with a new die that gave a brief explanation of the history. 500 of these tokens were struck by Scott in white metal and sold to collectors. They are attributed as B-8003.
After these tokens were minted, Scott overs-truck a limited number of 1861 Seated Liberty Dollars with the Confederate reverse in an attempt to mimic the original 1861 Confederate Half Dollar design. There are two types of these re-strikes: B-8001, which has the Seated Liberty reverse design prominently visible beneath the Confederate design, and B-8002, which was struck after the Seated Liberty reverse was completed effaced and no longer visible.
Why own rare coins?
The rare coins above are not just important pieces of history; they're also incredible works of art. In addition, they've been proven to yield the highest long-term returns. Truly elite and rare modern and historic U.S. coins derive the greatest part of their value from their rarity. When U.S. coins were first minted, they were circulated as the currency of the day. Most of these coins degraded or were melted down just a few years after their mintage. In 1933, the U.S. government, in response to the Great Depression, confiscated the majority of remaining U.S. coins from its citizens. They were then melted down. Coins numbering in the millions were again melted down in the 1980s, when gold soared to $850 an ounce.
These coins, the most speculative of precious metal holdings, offer the greatest return potential. In recent years they have proven to be active, high-performance investment vehicles. Because they generally move in the opposite direction of stocks and bonds, they can act as a counterweight against volatility. They can also increase in value whether or not gold bullion prices go up. Historically, the collection of these rare gold and silver coins was relegated to those wealthy enough to afford an inspection by a professional numismatist. But the advent of standardized grading has opened this coin class to all investors, who are now free to trade, sight-unseen, based on the certified grade assigned by grading services such as PCGS, the Professional Coin Grading Service, or NGC, the Numismatic Guaranty Corporation. Access to these services has made rare coins the most liquid of all collectibles. All of this has drawn many new investors who were previously unfamiliar with these collectibles, thereby creating a higher demand for these coins.
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