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Scott bought 500 1861 United States half dollars from a New York bank that were supposedly struck at the New Orleans Mint. Scott had the reverse of the half dollars planed down and performed a one-sided strike using the Confederate half dollar die. The Seated Liberty obverse of the coins were flattened some because of the one-sided strike.
The Seated Liberty design remained standard on all American coins ranging from half dimes to half dollars for decades, but by 1879—the year after the Bland-Allison Act caused a drastic curtailment in the mintages of Seated Liberty half dollars, quarters, and even dimes until 1883, there was increased criticism and calls for its replacement ...
Toggle Seated Liberty half dollar subsection. ... 1861 (P) 2,888,400 O ... United States portal; United States cent mintage figures.
A Confederate half-dollar struck at New Orleans in 1861 The New Orleans Mint operated continuously from 1838 until January 26, 1861, when Louisiana seceded from the United States. On January 29, the Secession Convention reconvened at New Orleans (it had earlier met in Baton Rouge ) and passed an ordinance that allowed Federal employees to ...
The Act of March 9, 1861 passed by the Congress of the Confederate States authorized the issue of $1,000,000 in Confederate banknotes, followed by an additional $1,000,000 in August, 1861. Seven series of banknotes were authorized for $678,000,000, but just over $1.5 billion was actually issued.
This made one of the great rarities of American numismatics. A lack of silver and gold precluded further coinage. The Confederacy apparently also experimented with issuing one cent coins, although only 12 were produced by a jeweler in Philadelphia, who was afraid to send them to the South. Like the half dollars, copies were later made as souvenirs.
By the war's end, its price had dropped to 1.7 cents. [2] Overall, prices in the South increased by more than 9000% during the war, averaging about 26% a month. [3] The Secretary of the Treasury of the Confederate States, Christopher Memminger (in office 1861–1864), was keenly aware of the economic problems posed by inflation and loss of ...
The Coinage Act of 1792 established the United States Mint and regulated the coinage of the United States. [3] The act created coins in the denominations of Half Cent (1/200 of a dollar), Cent (1/100 of a dollar, or a cent), Half Dime (also known as a half disme) (five cents), Dime (also known as a disme) (10 cents), Quarter (25 cents), Half Dollar (50 cents), Dollar, Quarter Eagle ($2.50 ...
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