Sees coins, tossed, splitting (9)

I believe the answer is:

secession

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'sees coins tossed splitting' is the definition.
I can't judge whether this definition defines the answer.

'sees coins tossed' is the wordplay.
'tossed' indicates an anagram.
'sees'+'coins'='seescoins'
'seescoins' anagrammed gives 'SECESSION'.

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(Other definitions for secession that I've seen before include "form of schism" , "The leaving of a federation" .)

I've seen this clue in The Times.

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