SS SHIPWRECK TREASURE COIN - 1859-O Seated Liberty Half Dollar recovered from the SS Republic Civil War Shipwreck, Graded NGC Shipwreck Effect. This Seated Half Dollar bears an Inscribed Counterstamp and had been authenticated by NGC. Counterstamps are seemingly rare and appear on O-mint pre-Civil War coins.The year 1859 ended the U. S. Mint's run of very large date punches that began in 1853 and lasted through 1858. As with so many coin oddities, it will likely never be known why this abrupt change was made. All 1859-O half dollars display 140 reeds on their edges.This magnificent 1859-O Silver Seated Liberty Half Dollar was minted at the historic New Orleans Mint 158 years ago, before the Civil War. Five years later, it became part of the much-needed cargo headed South for New Orleans after the Civil War, aboard the SS Republic, a side-wheel steamer that was lost in a hurricane off the coast of Georgia, October 25th, 1865. 51,000 coins and over 14,000 artifacts were recovered from the SS Republic shipwreck, a Civil War-era side-wheel steamship en route from New York to New Orleans that sank in October 1865 after battling a hurricane for two days, with cargo of $400,000 in coins. 138 years later, the shipwreck was discovered by Odyssey Marine Exploration in 2003, resting at bottom of the Atlantic Ocean in 1,700 feet of water. Certified and graded ''Shipwreck Effect'' by NGC (Numismatic Guarantee Corporation), which is the unique result of more than a century of time submerged, and the fascinating chemical reaction of the oceans salt water on the silver in the coins. This shipwreck effect enhances the intricate details of this rare and beautiful historic artifact with a beautiful patina. This coin has the pedigree of being part of the largest treasure trove of U.S. coins in history. This coin is beautifully preserved due to the fact that it was locked in a time capsule at the bottom of the Atlantic for nearly 140 years. Certified and graded NGC (Numismatic Guaranty Corporation) Shipwreck Effect condition. (a coin showing evidence of light surface disturbance from immersion in saltwater, and may have some areas of moderate disturbance, not affecting central design elements. Coin possesses above-average eye appeal for shipwreck recovery coin.)
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