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From Davy Jones' locker--Shipwreck effect coins

logger7logger7 Posts: 8,069 ✭✭✭✭✭

I have been mystified at the high prices garnered by some of the "ship wreck effect" coins like this one with a display that went for well over $600 with the display case: https://www.ebay.com/itm/1861-O-SS-Republic-Seated-Half-Confederate-Coin-W-14-NGC-BOX-COA-1009-/152732207994?hash=item238f8c8b7a:g:sM8AAOSwwVpZ158d&nma=true&si=5hCKUz00MD%2BF%2Fze5Zjooi%2BXtHso%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Many of the gold coins survived the sea water and related effects; the silver coins were marketed like this as having the "effect". Has the marketing of these coins held their value?

Comments

  • CascadeChrisCascadeChris Posts: 2,516 ✭✭✭✭✭

    They are cross collectable and non-coin collectors can pay stupid money similar to the "grandma" premium.

    The more you VAM..
  • 1630Boston1630Boston Posts: 13,772 ✭✭✭✭✭
    edited October 20, 2017 6:18PM

    I do not buy these coins but there is an innate interest in the history of them. :smile:

    I hate to reveal my great dealer but here he is.

    https://youtu.be/FyRemnmgwbI

    https://www.northeastcoin.com/blog.jsp

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • SteveBellSteveBell Posts: 58 ✭✭✭

    Really cool story!

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @1630Boston What is the name of the white-haired coin dealer in the movie please.

    @logger7 The 1861-O was struck by the CSA, that + shipwreck/story brings the value.

  • 1630Boston1630Boston Posts: 13,772 ✭✭✭✭✭

    @Insider2

    Tom Caldwell

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • logger7logger7 Posts: 8,069 ✭✭✭✭✭

    That's Caldwell with Northeast numismatics.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Coins with stories = high premiums. Many people like these coins.... the only coins with stories that I like, are the one's I find....Now those are 'special'.... ;) Cheers, RickO

  • ms70ms70 Posts: 13,946 ✭✭✭✭✭

    I'd really love to have an S.S. Central America Half Dime. I saw a few on the previously posted inventory of the finds, but never saw any for sale after that. I probably missed them if they were auctioned off. Always a day late and a half dime short.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    Shall I tell you how to make one at home? >:)

  • derrybderryb Posts: 36,186 ✭✭✭✭✭

    Only one shipwreck coin interests me - the single gold coin found in the Hunley.

    Lt. George Dixon's Coin

    Keep an open mind, or get financially repressed -Zoltan Pozsar

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    The Hunley Museum sells replicas of Dixon's coin. I have one somewhere.

  • ms70ms70 Posts: 13,946 ✭✭✭✭✭

    @derryb said:
    Only one shipwreck coin interests me - the single gold coin found in the Hunley.

    Lt. George Dixon's Coin

    I've seen it and it's an amazing piece of history. When I saw it there was a North Carolina Trooper standing guard next to it.

    Great transactions with oih82w8, JasonGaming, Moose1913.

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