QUESTION: What are S.S. Republic coins selling for on the retail market?

JadeRareCoin

??

Specifically, what is an S.S. Republic 1861-O Half worth? I looked in the Greysheet, but there's not a column for "currated" coins.

Thanks, Dennis

coynclecter

Don't expect them in a "currated" column in the ad when they sell either. Most of them will blend in , get slabbed and flood the market for some previously rare dates. I'd sell any seated you currently hold around those dates. I already have.

MICHAELDIXON

Teletrade sold one in the past year on Sep 1, 2004. It sold for $1050. I don't think that's indicative of the true market value.

RYK

Jade,

I have not seen any offered by anyone other than those doing the selling for Odyssey. The curated silver coins ("shipwreck effect", aka damaged) and the NCS'd gold coins will not be popular with established collectors. From what I have seen of the typical gold coins offered for sale, the coins are unattractive for the grade now (and who knows what they will look like in a few years) and offered for prices that are 50% or more greater than retail.

Robert

longtimecollector

I've seen a few here and there......... There's no mistaking the corrosive effect of 140 years of salt water submersion on any of the silver coins I've seen........ I'm not impressed by their history nor their condition....... The coins that have been salvaged will IMO have NO effect on the price of seated coins for that era..... They are novelties at best, and will always remain such.......

coynclecter

They are saving the best for last (read the articles) and I don't think you will be able to tell so readily. After the crap is sold at hyped priced, the ones that were stuck between other coins will be brought out and I'll bet there are plenty of them.

billboat

Whatever you're willing to pay for it--not being a smart a$$, just saying what I think the market is.

Coinosaurus

No secondary market for the SS Republic yet. The secondary market for the SSCA material is just now starting to kick in and the picture isn't pretty.

MrEureka

The curated silver coins ("shipwreck effect", aka damaged) and the NCS'd gold coins will not be popular with established collectors.

The curated silver coins look pretty bad, but they would look far worse if not curated.

The gold is a completely different story. Anyone that says the curated gold "will not be popular" has not seen as much of the curated gold as I have. IMHO, NCS did a great job on these coins. Many of these gold coins show little or no signs of anything that might be called "shipwreck effect".

Johnscoin

The MSRP for the silver coins seems to be $1000 or more. There are several of the Confederate 1861-Os too...Neat to see.

JadeRareCoin

Thanks for the info everyone. We were offered a 61-O from the wreck, but didn't know what the market was like on these artifacts. Now I know!! Thanks, Dennis

PS - guess I will pass at the offer price of $1,100.............

Conder101

Silvertowne has had three of the half dollars for sale at shows now for three months at $750 each with no takers.

Pistareen

I agree with Andy on how the gold looked. I've seen a number of the nicer pieces from the wreck (with QDB at FUN last year) and both of us were impressed with the quality.

Several of the silver coins we saw also looked fantastic. Some were not corroded and still showed intense mint frost. Of course, some others are badly corroded. ANR had a small display of several Republic coins at the ANA show in Pittsburgh of some lightly corroded pieces, all of which had been engraved with a name, date, initials, or -- in one dramatic case -- CSA.

ziggy29

This whole discussion brings up a question in my mind.

I've heard in the past about collectors rounding up evidence in order to have a TPG *add* a pedigree to the slab.

Could a collector resubmit a coin asking that the pedigree be *removed*? In the case of NCS gold, from the Central America, for example, these are slabbed by NGC if they show no "shipwreck effect" but still have the Central America "pedigree" listed. Could they take these coins back to NGC, asking to have the "Central America" removed, making it look just just another MS-63 $20 gold coin?

[EDIT to add: Obviously they could crack out and resubmit, but they might be worried that the coin will be bodybagged for "environmental damage" or some such.]

Johnscoin

On the Central America question...
Yes, the coins can be reholdered without the pedigree.
But, there's no problem getting them bodybagged...they seem to be market acceptable to the grading services.
Most 1857-S $20s you see without the central america pedigree are from that wreck...

morgannut2

Basically the gold aftermarket should be around what similar coins go for as long as the TPG's will certify raw material. With all the messing around with non shipwreak gold, in a strange way you at least know the shipwreak coin hasn't been inexpertly altered while it was in Davy Jone's Locker. The silver is simple. It's what ever the value of environmentally damaged ANACS net graded stuff sells for on the market.

michael

it will be interesting to see these curated gold coins from the central america and ss republic what they look like after 5 or ten years out after curation

if anything rises to the surface on these coins and makes them stained and ugly

michael

Coinosaurus

Morgannut makes a really good point. The SSCA coins have been curated, exactly once, by someone who was willing to spend as much as it took to get the best scientific expertise.

All the other gold out there is suspect and could have had just about anything done to it over the years.