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John B Hamrick Coins (770) 552-6679
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More about Item 1861 Confederate Cent Original NGC PF61

$160286.00 / Add to watch list
No image avaialable for ORM18611CCSA2019142-003.jpg
From the Old Roswell Mill Collection. Although this claim cannot be proven at this time, we believe that the offered coin is Robert Lovett, Jr.'s pocket piece that he accidentally spent at a tavern one winter night in 1873. Lovett, a jeweler and engraver from Philadelphia, was approached by agents of the Confederacy before the war began in 1861. He was contracted out to design a one cent piece for circulation in the Confederacy, but after fear of being caught and convicted for treason, Lovett buried his dies and handful of coins in his cellar. However, Lovett kept one as a pocket piece which he accidentally spent in 1873 while he was inebriated at a bar. The bartender allegedly sold the coin to a collector who passed it along to Capt. John W. Hazeltine. The former Civil War captain recognized the handiwork as Lovett's and proceeded to locate the jeweler and visit him until Lovett sold the captain the remaining coins and the dies. With that story, we believe that the presently offered coin has Lovett's pocket piece spent at the tavern. The coin has a sweated appearance, consistent with the nature of a pocket piece as well as the appearance of being used for a number of years. Whether or not it can be proven, the present specimen is nonetheless an exciting and significant piece of numismatic history that will be most assuredly appreciated by generations to come.

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