1860 $20 Liberty NGC AU58 Ex.S.S. Republic

$7,550

Description

1860 $20 Liberty NGC AU58 Ex.S.S. Republic. 

89 coins recovered; 36 in AU58.

We hardly ever expect to locate these shipwreck gold coins

Heritage, Long Beach Signature sale, September 2013 where this NGC MS60 double eagle brought $9,400 and was described …”Ex: S.S. Republic. This impressive Type One twenty has unbroken cartwheel sheen across both sides. The reverse is surprisingly unabraded, and its luster is undiminished. Moderate obverse marks are fewer than expected of the grade. The 1860 is scarce in Mint State despite a small quantity of the date recovered from the 1865 S.S. Republic shipwreck. Ex: Orlando FUN Signature (Heritage, 1/2008), lot 4647, which realized $6,325.”

The incidence of the price for this same MS60 SSR coin going from $6,325 to $9,400 over a five-year period of economic uncertainty and a downfall in the coin market shows the strength and desirability of the scarcer issues from shipwrecks.