My SS Republic prediction comes true!

RYK · April 16, 2004 1:08PM

(sort of)

Lookie!--Finest known 1854-O $20

In my tongue-in-cheek (pre) FUN 2004 report, I predicted that they would find the super-rare 1854-O $20 aboard the SS Republic in the below statement:

Finally, I enjoyed the display of the 250 mint state 1854-O $20's from the SS Republic. Just think, last year one of those would have sold for $250,000, and now I am able to buy one for $1000. Is this a great hobby or what?

While I am off by about 249 coins, it is frightening to learn that there are coins of this level of rarity and condition that were aboard that ship.

Placid · April 16, 2004 1:10PM

Could just be ngc propoganda.

MrEureka · April 16, 2004 1:14PM

Could just be ngc propoganda.

Bozo.

BigE · April 16, 2004 1:17PM

RYK,seems like you hit the nail on the head, where are these for sale for 1k?-------------BigE

RYK · April 16, 2004 1:18PM

I am not sure about NGC propaganda, but clearly it is Odyssey Exploration (OMR) propaganda! Unlike other press releases, this one did not juice the stock.

As for Bozo, to my knowledge he was not found on the SS Republic, but I can neither confirm nor deny that he works for NGC.

MrEureka · April 16, 2004 1:20PM

Placid · April 16, 2004 1:22PM

Sorry after reading how ngc was selected by the png to be their offical grading service because of their superior service and consistency I don't trust much of what they claim.

Bochiman · April 16, 2004 1:22PM

Actually, maybe I am in the minority, but I think it is cool that "rare" coins are being found.
Some of the rarities are due to the fact that many coins were lost/melted/destroyed/etc.

To find some of them that are still around and brought back "to life" is pretty cool.

Granted, I am speaking as a collector overall and not as an owner of a rarity that I paid oodles of money for that suddenly lessens in value due to a find like this, but, from that purist outlook, I do think it is cool.

If I had the money, I would get one as I think it is pretty neat...one of the few "pedigrees" that I would pay a small premium for.

IrishMike · April 16, 2004 9:02PM

I can't wait to see a list of the coins that were recovered. I am hoping that they will have some of them at one of the major coin shows so that they can be viewed. It will also be interesting to see what kinds of prices these will bring and how readily acceptable they will become in the collecting market.

PS, Andy you could use that Bozo photo a lot on here.

My SS Republic prediction comes true!

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