Lowest Price EVER--Gorgeous, Very High Grade Bashlow Confederate Cent Restrike, Lot #128
The story behind these 1961, piedfort (extra thick) planchet coins is very interesting. The die was commissioned by the Confederate government and a dozen samples were made and then destroyed as the Northern die sinker feared he could be arrested on treason for supplying coins to the south. The cancelled dies for the obverse and reverse were discovered years later and were used for these 1961 restrikes (done at the centennial of the Civil War). Collectors should be very aware of other facsimile issues that were made from modern (not original) dies. These retail for as little as $10 each and I have noted more than one seller simply selling these facsimiles as restrikes....at much inflated prices. This Bashlow 1961 restrike was done in a variety of metals and quantities. as offered here were struck in a variety of metals. We recently had an original 1961 order form noting the mintage figures and prices; even though the sales were made "recently," only 60 years ago, this is the only surviving copy of an original price/order form list I've ever seen. Today, the least expensive Bashlow restrikes sell for an average of about $150-$200. A buyer would be advised to study the ebay records for sales (noting the metal composition which affects the price dramatically). Like most historical collectibles/numismatic products on ebay, the prices fluctuate dramatically. The cache with the Bashlow restrikes is the quality, limited numbers, frequent high grades and the fact that they were struck from original dies. Besides the "X" cancellation, most Bashlow strikes have nearly identical bubbles or rough spots due to rust on the original dies that could not be completely removed. This coin is at the top of the condition ladder and would/should grade MS67-68 by a third party authenticator. A graded piece, in this MS67-68 range, would probably fetch 20% more than an ungraded specime. As with all our sale items, we have priced this coin substantially below current retail. This is the first time we have ever offered ANY Bashlow restrike at less than $100, let alone one in such a high grade. I seriously doubt we could replace it today even at wholesale for less than $125.