Will "shipwreck"coins still be worth more money in 100 years?

seateddime

Will "shipwreck"coins still be worth more money in 100 years? Is this the buying of plastic ?

ahooka454

I dont know. I love shipwreck stuff. Good question though.

I dont or wont pay moon money for anything like this, but its cool to find deals on some of the cheaper stuff.

partagas

The shipwreck coins are neat and have an historical premium tied to them today. I don't think the coins will be winners overtime though.

The gold coins slabbed with the label are cool. they should continue to appreciate as a normal peer coin. They appear to be unharmed from years in salt water.

The sandblasted ugly silver are junk. Reason I say this is twofold. First they aren't attractive compared too their peer coins (non wreck coins). Secondly, with the advances in technology the number of coins brought to the surface will only continue to rise over the next 20 years. Until all is found and recovered. Thus saturating an already crowded after-market for ship wreck widgits.

jmcu12

IMO, no. It is not worth it now.

I suppose this is where some would insert 'buy the coin not the holder'.

And in respect to that, shipwreck stuff looks cleaned and beaten to death well...because it has been...

I wont pay 3x the money for something that, outside the NGC plastic, is worth (sometimes) less than half...or more.

ahooka454

Personally, Id rather have some uncleaned shipwreck stuff. Crusty and all. That to me is even cooler than some "shipwreck effect" coins in holders.

GoldenEyeNumismatics

This issue with hoards of shipwreck coins are the quantity.

There are only a limited number of people collecting them, and often times the number of coins recovered is astronomical. Once initial hype wears off, and people begin to try and sell their coins a few years down the road, prices begin to diminish.

This was seen with the SSCA pieces, and will probably also happen with coins of the El Cazador.

BigRed

I don't have any shipwreak coins nor probably will I but I bet Titanic shipwreak coins if there were any would be a hot item.

BIGJAYVEE

Premium? I have an 1853 5 Dollar gold piece that i had for years and thought it had a shot at MS,so about 5 years ago i sent it to Anacs for grading.Came back uncirculated,net AU50,shipwreck effect, on the label.Because of the shipwreck effect they knocked it down a few points.I guess it's considered a problem coin?Anyone know why it would get a net grade?

SilverEagles92

100 years? Of course they will! What kind of question is that?! Everything will be worth more in 100 years. Even the modern stuff we have now will be considered 'Antique.'

If you have a coin from 1850 from a shipwreck, it's 158 years old now. It'll be 258 years old 100 years from now. How many 258 year old coins haven't gone up in the last 100 years?

PerryHall

I sent an 1848-O gold $10 to ANACS for slabbing in the early 1990's. It looked like a matt proof---dull, flat, and lusterless. Came back with "SEA SALVAGE" on the label.

BIGJAYVEE

What's the explanation on why these coins are deemed problem coins.Such as cleaned,scratched,etc.

tightbudget

Depends on inflation

GrumpyEd

Sounds better than "env damage"

Having the ship named on it probably adds a lot, someone might want it more for the history of a specific wreck.

pontiacinf

east india tea company attocha coins?

pb2y

Factor in the magic of inflation. The break even
day would be a long time coming--20/30 years?

BECOKA

Personally unless it is a coin you can't get otherwise I don't particularly care for them. Generally they have been conserved and don't have a good look to them in person. i.e. The look is too new and the color is all wrong for such an old coin.

BobSav

Grossly over priced for a cleaned and over hyped coin.

IMHO

Bob

agentjim007

I just bought the 1854-O that sold at the last Heritage auction for $260 (plus 15%). Not too worried what it will be worth in 100 years since I'll be worm food. I thought it was a fun purchase for the money (and since I've never seen one sell for less on ebay I can make a few bucks when I get tired of it). What is interesting under the blue plastic liner was an invoice from the previous owner who bought it on a home shopping channel for $1195.00 plus postage. Now that was a mistake.

YaHa

I have a 8 reales coin from the 1700's that was on a old shipwreck, I was told it's worth about $400.00, but it is priceless to me and I will never sell it. It will go to my son when he has a child and hope he passes it down to his son. Just to have a part of history in your hands is something special.

So the answer to your question what will it be worth 100 years from now, lets say this, if the earth is here in a 100 years it could be worth alot of money for the silver content. just think of technolgy 100 years from now and limited amount of metals left in the earth to mine. Name your price I guess.

percyb

I went to Mel Fisher's museum in Key West. Gobs of items for sale from his take from the shipwrecks. They had some beautiful coins and bars--from the Spanish Fleet and the Atocha but I coulnd't get too excited about them....I'll try to post a photo of some bars. Neat museum and shop. Gotta stop in Mel's next time ya'll visit there.

Frankcoins

I think there will always be an interest in pirates and shipwrecks and buried or sunken treasure.

Here is a list of popular movies over the past century dealing with hidden treasure

Link

northcoin

<< <i>I sent an 1848-O gold $10 to ANACS for slabbing in the early 1990's. It looked like a matt proof---dull, flat, and lusterless. Came back with "SEA SALVAGE" on the label. >>



I think there used to be people at ANACS who got their kicks making up things about some of the coins they were asked to grade. How the heck would they know if the coin was "sea salvage" or not? They used to love sending things back as "ex-jewelry" as well. Just guesses on their part since they obviously had no first hand knowledge of whether the coin had been in a broach or not. Not sure if the current crew with all the changes in ownership still has the same sense of humor.

Coxe

I think it will depend considerably on which shipwreck and the historical context of the coin salvaged from it. Gold should do better than more corroded metals and poor alloys.

RayNY2E

I Have quite a Few Atocha Pieces here and One of Them Dates to 1585. That Ship went Down in 1622 soo everything onboard was of course, dated before that time. As was Mentioned earlier, it Takes a Special Interest to Hold onto these Items. I Gave all of My Grand Children each one. Yes, they are Historical Artifacts but not everyone cares to collect them and there are soooo many of them! I Have a Picture of Mel Fisher and Myself just 6 weeks before he Passed away. If i can Find it,i'll Post it here. Ray in Florida..

1794half1839

All depends on the ship wreck that they came from, and how the loss of that treasure affected the nation that the ship was from. Case and point, the El Cazador wreck has a very interesting story to it, one that would interest generations of collectors of nautical history, coins, etc.

BillJones

I avoid shipwreck coins because the unwarranted premium you have pay for them, and the damage they have suffered.

Everyone knows that almost all copper shipwreck coins are junk and the silver pieces are either damaged or have a polished look about them after they have been “conserved.”

The sad secret is that the gold coins can be trouble too. About ten years ago I sold some of the 1857-S double eagles that came off the SS Central America. At first I thought that these beautiful Mint State double eagles were really cool, and I was sorry I could not afford to own one. Then I started to see copper spots forming on some of the pieces that I saw for sale.

A couple years later I saw some SS Central America 1857-S double eagles that totally gone to copper spots and these coins were really ugly. I guess the “curating” process is only temporary for some pieces. After a few years they begin spot and spot badly.

Now I’m just as glad that I don’t own one of these coins and have that to worry about

ziggy29

Worth more than today? Yes, probably so.

Worth more than (or even as much as) original, undamaged coins in the same grade range? I strongly doubt it. Though I expect to be fully dead in 100 years, so I haven't really thought to analyze it...

GoldenEyeNumismatics

<< <i> just think of technolgy 100 years from now and limited amount of metals left in the earth to mine. Name your price I guess. >>



IMO there will be far more metal being mined annually around the year 2100 than there is today. Deep-sea mining is going to be a huge industry.