Buying SS Republic Coins...best source

JoshL · May 30, 2007 4:03AM

Does anyone know the best (trust-worthy) source for buying graded coins from the SS Republic Shipwreck?

Thanks

JoshL · May 30, 2007 4:05AM

Also I know there are several web-sites for these coins. Just not sure who to trust. Thought maybe some members might know.

RYK · May 30, 2007 4:06AM

Call John Albanese directly. Be prepared, though, because these coins, even at dealer wholesale, are too expensive for what they are. In other words, you pay a stiff premium for the story.

NITTANYJGK · May 30, 2007 4:28AM

Buyer beware. There is something wrong about paying a premium for coins simply because they have a "story" behind" them involving a shipwreck and............paying alot for "choice uncirculated" coins that were sitting in salt water for x number of years and had to be "conserved" so that they could be sold. Really, are any of these coins really uncirculated??????

I see better long term profit opportunities in other coins.

JoshL · May 30, 2007 4:31AM

I am looking for the historic aspect of this not the investment. NGC graded them...I believe.

guitarwes · May 30, 2007 4:34AM

Moneco Financial has some I believe. Google 'em.

seateddime · May 30, 2007 5:32AM

www.zoomcoin.com/

JJM · May 30, 2007 6:18AM

I like the history behind em too....a friend had a $20 Lib in NGC,....it was pretty cool.................

JoshL · May 30, 2007 1:31PM

Thanks for the info...

Longacre · May 31, 2007 2:24AM

I would not pay an excessive premium for these coins. Check out the prices and compare.

JoshL · May 31, 2007 2:39AM

<< <i>Buyer beware. There is something wrong about paying a premium for coins simply because they have a "story" behind" them
. >>

Two words...

Battle Creek

Also you forget that there is a huge market out there of people who don't collect coins BUT do collect ship wreck artifacts. Sometimes we forget that there are other collectors out there. Not just coin collectors. There is a market for anything. Owning a piece of history is also worth a few bucks. If it wasn't then there wouldn't be antique dealers.

relicsncoins · May 31, 2007 2:55AM

I'm wondering how these coins are not pitted? Granted pure gold will not react with salt water, but these are not pure gold, and the copper they are alloyed with should corrode. The only explanation I can think of is that corrosion
ustoxidization, whatever you want to call it requires Oxgen as well, and maybe the depth that these are recovered at has insufficient O2 for the corrosion process.

JJ

JoshL · May 31, 2007 2:58AM

<< <i>I'm wondering how these coins are not pitted? Granted pure gold will not react with salt water, but these are not pure gold, and the copper they are alloyed with should corrode. The only explanation I can think of is that corrosion
ustoxidization, whatever you want to call it requires Oxgen as well, and maybe the depth that these are recovered at has insufficient O2 for the corrosion process.

JJ[/q
I know that when they bring them up that they are always in salt water. They transport them to the labs in salt water. So you might be correct. I would imagine someone on the forum would know the answer to that.]

lordmarcovan · May 31, 2007 3:52AM

Buy the history, by all means, if you find it appealing. I do, and if I had the bucks to purchase SS Republic, SS Central America, or SS Brother Jonathan, or other known-pedigree shipwreck coins, I would. In fact, I have purchased less-expensive copper and silver shipwreck pieces from British and Spanish wrecks (British and Spanish coins, in other words) for a lot less. And they were far older coins with equally fascinating stories. There's tons more bang for the buck on the Darkside, as I always say!

If you are thinking of "investment", I agree with those who said you should tread carefully with these treasure coins, if you tread at all. Their upside potential for monetary gain is probably used up as soon as they sell the first time. But if you want to hold a piece of history and don't particularly care about its resale potential, or its technical issues like corrosion and/or conservation, go for it. They are fascinating.

mrearlygold · May 31, 2007 4:07AM

I like them and sometimes have a few coins available

Buying SS Republic Coins...best source

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