New York. 1st New York Mounted Rifles. John J. Benson. 50 Cents. Schenkman NY-1-50I (NY-A50WM). Rarity-9. Iron. Plain Edge. 26 mm. MS-62 (NGC). Mottled steel and deep pewter gray patina to both sides, the surfaces a bit rough overall, as made, yet largely free of significant blemishes. All design elements are sharply defined, direct lighting calls forth faint traces of satiny luster from the protected areas around the lettering and digits. A thin vertical pin scratch in the right obverse field is mentioned solely as an identifying feature to trace this rare token through future market appearances. Finer than the only other example of this type that we have handled in recent years, an NGC MS-61 that appeared as lot 321 in our February 2015 Americana Sale.