Confederate Half Sells for $960K
Coinosaurus
Posts: 9,645 ✭✭✭✭✭
The Newman coin sold at 960k. The only three available coins came out in a short span of time, and being the last one may have been advantageous, being that the others are presumably locked up.
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Comments
Did you buy it?
An authorized PCGS dealer, and a contributor to the Red Book.
Legend bought it and the cent on behalf of a history buff collector
Another case of selling too early, I sold my Original Cent to QDB in 1983. For$12,000, about a third of what the Buyers Fee for this one is.
I am always delighted when this is the vector of attraction.
Congratulations to the "history buff!" Until the recent sales (last two or three years), none of these coins had been available for a very long time. This is one of those coins that has a great story behind it. I have had to make myself content with a Scott restrike, although that piece has a good story connected with it as well.
Yes, as I remember it, QDB (Bowers) had an example of the Confederate Cent listed for sale in his "Rare Coin Review" in the 1970s for a long time. Back then he was looking for something like $3 or $4 thousand and was not getting any buyers.
Wow !!!
I was the under bidder, at $100.
BHNC #203
What did the cent bring ? That was a beauty !
Nice coin... and really rare....Four pieces struck....I guess that precludes a 'hoard' being found...
Cheers, RickO
the cent brought $155,000 plus 20% buyers fee
The half's are cool and unique with their history. The Cents are fantasy pieces clearly struck privately after the war as tokens and marketed with a crazy story that carefully doesn't actually claim any southern connection. They turn my stomach that the fog of time has caused them to be accepted by nothing more than blind hope.
At best they were made in Philly by a drunk and bankrupt medal maker and sensationalized by a dealer during a period of nostalgia for the war.
11.5$ Southern Dollars, The little “Big Easy” set
Double 'WOW'...............................:
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Vector Victor !
"Storybook" coins always will be highly prized and hard to assign what the true value really is.... this one is certainly in that category!
FYI, I believe that one of the 4 coins was exhibited in the year 1910 by the owner of that time Mr. Adams at the New York Numismatic Club during an informal diner at Keens Chophouse on 36th street (Keen's Restaurant is still there) ... at the time the coin was valued at $10,000. Mr. Adams also had a letter dated 1879 from Jefferson Davis stating that one of the four coins was taken from President Davis personal trunk after his capture.
What was the pre-sale estimate?
wow.
Glad it wasn't protested by the likes of those so driven to remove "our" (rebellious) history from public view !
``https://ebay.us/m/KxolR5
They could have been struck during the war rather than after it, but I agree that they are fantasy pieces. There is no documentary history (that I'm aware of) connecting these issues to the Confederacy.
A good story always goes a long way though, with very rare coins.
Sorta funny that a confederate coin goes for close to a million bucks but a confederate statue is no longer to be shown. When it comes down to valuable coins all that political incorrectness crap gets tossed aside.
There is no oral history either. The Story claims some unnamed person asked a drunk in Philadelphia (the north) to make tokens that were found by a coin dealer (all of them how lucky) who sold them a decade after the war. Then another dealer who bought that dealers stuff found the die (how did that get there, how lucky) who made more and sold them. And then another dealer got a hold of the stuff and made more using transfer dies.
Other than the mystery person maybe being from the south there is no connection even claimed and even then that person is unverifiable to exist let alone be from the south let alone be a Gov offical.
They made only 4 halves and gave one to the president and proudly announced it to the world, but yet not even a word on a letter or document about the pennies?
When the first appearance in history is in a coin dealers inventory and even he admits they were made by a bankrupt drunk far away from where the coins report to be connected to, one should really question the rest of the BS story. But hey what do I know.
11.5$ Southern Dollars, The little “Big Easy” set
not funny at all. The half is a historical relic with a tangible connection to the history good or bad and worthy of being preserved for future generations. The other is a monument to honor (rewrite) that history good or bad with most people in the country considering the history despicable and not worthy of honor. Completely different
11.5$ Southern Dollars, The little “Big Easy” set
crypto you seem to have a bone against these coins. too bad. heritage said there were 5 people bidding $750G. people like that are not stupid. the 1C started at $80G and went to $155G. heritage also has one of the top researchers on these kinds of coins. Plus, no other numismatic scholars have stepped up ever presenting the case you are trying too.
time to retire your logo too. Isn't that offensive to native indians for what it represents?
allow the fact that restrikes are collectable. the market has stated their values
Great coin, and way more interesting than many U.S. rarities that sell in the $1M range. It's historical, extremely rare, and has a great story behind it.
Dcarr is not bankrupt!
Intrinsic value and legitimacy can be and often are decoupled plus there are plenty of sheepeople millionaires who do because they think they should instead of understanding. Plenty of researchers have stated including HA that the history is unverifiable and dubious at best for the cents.
I suspect you are conflating the intellectual riggers of my BS meter as a history buff, indifference for the hard-on many exhibit for the confederacy to the point they suspend the need for legitimacy or decorum and your willingness to
and accept the premise that people are smarter than you because they can bid 6 figures on a coin.
I get it there are some confederate tokens that people call cents that have been novelties for almost 150 years. People like you like to fill in details to make them more special, people like me like to understand them and are then underwhelmed by the few facts available. The people like you (the more successful ones at least) are the often the ones who pay up for them as novelties and then have to go all in believing as not to undercut their value.
I believe that the cents fill a void because other than the 4 half's, some normal 61-o halves and gold issues, the Secessionist Gov is under represented in coinage. This obviously didn't go unnoticed on the various dealers who "marketed" the cents over the years.
Say what you will these are the facts about the cents:
1)No records of any kind or in anyway connecting them to the confederacy or to a person connected to the confederacy
2)No record of any kind before the 1870s
3)Made privately in the North in Philadelphia
4)Coin dealer "found" all of them and the die and marketed them as such
5)Maker was of low charter and dealer was known to lobby the mint for special coins during the period where the hobby was rapidly expanding and special coins simply appearing (proof bust dollars anyone)
If one was to call them Confederate Cents I don't personally think having an association with the Confederacy or issued by a gov (to be monetized a cent/money) is a bridge to far, they are simply neither confederate nor cents. If one was to say the most desirable Civil War token then I would gladly accept that even if I rolled my eyes on why they are so desirable.
11.5$ Southern Dollars, The little “Big Easy” set
Yeah, but you got yours in change...........
Spock out
1) His reverence for the half and its provenance are stated.
2) You won't be saying that to Dan Snyder next week when @Crypto, he and I have coffee in Balt.
3) Native Americans or, lately, indigenous peoples
4) Indians from the easternmost tip of Maine to Mumbai are offended
@crypto79 Thanks for your researched (?) opinion on the "CSA" (?) cents.
Nevertheless, I'm not taking the "bait" about political history you are slinging. Let's please cut posting the progressive propaganda that has been/still is taught in our schools for three quarters of a Century. During the FL hurricane, I holed-up overnight in an elementary school and reviewed an American History book used in the classroom. Very serendipitous as a few months ago in a discussion here on commemoratives and the monument desecrations I said I would look for a modern history book to prove what I posted in that old thread.
We cannot change any minds when folks who went to school read U.S. History books with more column inches given to certain folks* who will remain unmentioned than devoted to George Washington, Thomas Jefferson, James Madison, and Ben Franklin COMBINED!
*I found 4 immediately and quit looking!
@specialist Please stop this American Indian CRAP!** Example: Get informed about the Washington Redskin's and why they picked that symbol. Same goes for our colleges and high schools! Unfortunately, a small minority of bleeding hearts and enemies of America are destroying our heritage brick-by-brick which is made up of both good and bad. Get over it!.
Read the rules.
PS We all are under the same rules so I tried to FLAG this but couldn't do it myself. May I please have more disagrees.
Where are the Colonel Green's or Eric P. Newman's who aren't afraid to show what they've got?
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The questionable origins of the Confederate issues are enough so that I wouldn't be interested as a collector but I can understand the very real appeal of these questionable coins to others. To each their own. Spend your money on what appeals most to you and I'll do the same.
The legitimacy of the 1913 Liberty Nickel is very much in doubt but that doesn't keep them from selling for millions. But, again, it's not how I would spend millions on a single coin, if I had that kind of money to spend.
The Confederate half dollar has a good, solid history; the history of the Confederate Cent is a bit shaky.
Best thing of all about the Half -NGC was gloating about it-bet it goes right to PCGS!
The history of this piece is a grand as any classic rarity. Congrats to the new owner on both coins.
I am sure @DonWillis will reward your sucking up in your next submission
Now if only somebody could find a hoard of previously unknown Confederate silver dollars buried under the floor at the New Orleans Mint, we could have the General Services Administration and the Transportation Safety Administration conduct the GSA TSA CSA Sale!
And a barrel of those uncirculated CSA cents too.
No Spock, my restrike CSA copper cent came from John Ross’s $1 junk bowl. Unfortunately it wasn’t me that found it. went straight to Leonard Starks store and ended up costing me $900.