The 1861 “Confederate” half dollar was minted during a time when the nation was undergoing an upheaval. This coin has become one of the most coveted treasures among collectors because only four original specimens are known to exist, and the last time one was sold, it grabbed a hefty price of $1.5 million.
Historical Context
In that year, while the United States was losing its cohesion into a civil war, the Confederacy was endeavoring to make its currency. This process culminated in the minting of four half dollars by the New Orleans Mint during that time, and they all carried a unique reverse design that symbolized the Confederate States of America. The coins were not intended for circulation, but were just prototypes.
Design and Specifications
These coins had a unique design which stated the identity of the Confederate States. All the coins however had their special reverse symbolizing the Confederate state with all of them having a similar size and weight to the standard half dollar.
| Feature | Details |
|---|---|
| Obverse Design | Lady Liberty seated, holding a shield and liberty cap, surrounded by 13 stars |
| Reverse Design | Shield with a liberty cap above, encircled by a wreath and the inscription “CONFEDERATE STATES OF AMERICA” and “HALF DOL.” |
| Composition | 90% silver, 10% copper |
| Weight | 12.44 grams |
| Diameter | 30.6 mm |
| Edge | Reeded |
Rarity and Provenance
This coin is extremely rare because only four pieces were struck. Each coin is documented, which adds to its value:
- Jefferson Davis Specimen: belongs to the President of the Confederacy and is still preserved.
- B.F. Taylor Specimen: added to private collections.
- J.L. Riddell Specimen: owned by the Chief Melter and Refiner, ranging from Melter to prestigious collections.
- E. Ames Specimen: belonged initially to a businessman in New Orleans, now preserved alongside the other rare pieces.
Auction Records
The 1861 Confederate Half Dollar has seen tremendous appreciation over the years:
- 2015: Proof 30 NGC graded specimen sold for $881,250
- 2017: Another graded auction reached $960,000.
- In 2023, specimen sales went beyond $1.5 million, indicating the continued rise in value.
Factors Influencing Value
Many things make the coin great in importance:
- Historical Significance: The fact that this is one of the few coins minted in the Confederacy gives it great historical value.
- Rarity: An extreme number of only four originals, it becomes unparalleled in its scarcity.
- Condition: Coins in better condition command higher prices.
- Provenance: Well-documented ownership history drives strong demand.
Identifying Authentic Specimens
Due to the high value given to the coin, the 1861 Confederate Half Dollar has been counterfeited. The best ways of ensuring it is original are:
- Certification: Certification by a reputable grading service such as NGC or PCGS.
- Provenance: Verifying the ownership history of the coin.
- Physical Examination: Consulting numismatic experts well versed with Confederate coinage.
Conclusion
The 1861 Confederate Half Dollar is not just a coin, but a piece of American history. Its rarity and historical significance ensure that it will command high prices in the future. Currently, more than $1.5 million would have to be spent to acquire it.
FAQ’s
What makes the 1861 Confederate Half Dollar so valuable?
The 1861 Confederate Half Dollar is valuable due to its rarity—only four original specimens are known to exist—and its historical significance.
How much is the 1861 Confederate Half Dollar worth?
As of recent sales, the 1861 Confederate Half Dollar has sold for over $1.5 million.
How can I verify the authenticity of a 1861 Confederate Half Dollar?
To verify authenticity, consult numismatic experts or get the coin certified by reputable grading services like NGC or PCGS.