1860 O Half Dollar SS Republic? - Coin Community Forum

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Author	Replies: 6 / Views: 1,265
Heymikep Pillar of the Community United States 823 Posts	Posted 10/02/2019 2:58 pm I just came across this coin and I have never seen this before. Did NGC straight grade this coin from the SS Republic? or is this a fake slab? I did check the cert number and it is listed! https://www.ebay.com/itm/1860-O-Lib...AOSwD6VdjlT~ Edited by Heymikep 10/02/2019 3:04 pm Report this Post to the Staff

Atlas642 Pillar of the Community United States 562 Posts	Posted 10/02/2019 3:20 pm It's the real deal. A small amount of recovered halves were found to have no evidence of saltwater corrosion and thus received straight grades from NGC. Report this Post to the Staff
Gincoin43 Pillar of the Community United States 1543 Posts	Posted 10/02/2019 3:53 pm That's neat Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 10/02/2019 4:26 pm Looks to me that it should have been graded at least MS-62 with possibility of a 63 . Report this Post to the Staff
thq Pillar of the Community United States 3342 Posts	Posted 10/02/2019 4:44 pm PCGS says this is a $750 coin and the seller APMEX is asking ten times that. Usually they're high, but not that high. Am I missing something? Does an SS Republic recovered coin have an extraordinary premium? "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 10/02/2019 4:49 pm Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 10/02/2019 6:11 pm Yes. Any recovered coins from famous collections, hoards, or ship wreaks almost always bring significant premiums. Although 10X is way over normal for pedigree bonus. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 10/03/2019 09:11 am Yes they do tend to bring a premium, in my opinion an excessive premium, but this coin is special. Almost ALL of the SS Republic coins you will see show evidence of saltwater corrosion and the result of harsh cleaning to remove the corrosion and deposits (often looking like a wire brush or brillo pad has been taken to them, hence the reason I think the premiums are excessive. If they weren't SS Republic you would be lucky to get $50 for them even with near MS sharpness.) But this coin seems to have escaped that fate (though I still think in the image it looks cleaned) Report this Post to the Staff
	Replies: 6 / Views: 1,265

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