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From Davy Jones' locker--Shipwreck effect coins
logger7
Posts: 9,878 ✭✭✭✭✭
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?
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They are cross collectable and non-coin collectors can pay stupid money similar to the "grandma" premium.
I do not buy these coins but there is an innate interest in the history of them.
I hate to reveal my great dealer but here he is.
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, Ricko
Bad transactions with : nobody to date
Really cool story!
@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.
@Insider2
Tom Caldwell
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
That's Caldwell with Northeast numismatics.
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
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.
Shall I tell you how to make one at home?
Only one shipwreck coin interests me - the single gold coin found in the Hunley.
Lt. George Dixon's Coin
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
The Hunley Museum sells replicas of Dixon's coin. I have one somewhere.
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.