The Story of the SS Republic Treasure
In October of 1865, six months after the end of the U.S. Civil War, the side-wheel steamer SS Republic was bound from New York to New Orleans. Aboard the former Civil War blockade ship was precious cargo to aid in the rebuilding of the war-ravaged city of New Orleans to its prewar glory. Unfortunately, the ship never made port, sinking in a massive hurricane off the coast of Georgia. The ship and its cargo, including a reported $400,000 in gold and silver coins, came to rest 1,700 feet deep in the Atlantic Ocean. Nearly 140 years later a team of salvage experts, aided by state-of-the-art electronics and recovery equipment, found and brought to the surface a stunning treasure trove of numismatic classics.
The quality of the coins recovered cannot be overstated. You see, during and just after the Civil War, in both the North and especially the South, gold and silver coins were a valued but extremely scarce commodity. Rampant inflation, caused by both sides financing their huge war costs through the near-nonstop printing of paper currency, resulted in the widespread hoarding of “hard money.” At the end of the war, the South, for all practical purposes, was broke…its paper money was worthless, its hard money virtually gone. The years following the Civil War saw wild fluctuations in the value of gold and silver. As a result of these fluctuations, many of the coins of this era were melted or saw heavy circulation.
The wonderful and rare gold treasures offered in this final release are available today only because of the tragic loss of the SS Republic. The coins were literally preserved in their pristine condition due to the fact that they were locked in a time capsule at the bottom of the deep blue sea.
The denomination of $10 was minted for a few short years, between 1795 and 1804. Orders by President Jefferson were given to cease the minting of $10 gold coins, or Eagles, in December 1804. The mint did not make the $10 denomination again until July 1838 when the Secretary of the Treasury issued orders to begin the minting of the $10 Liberty coin. The mintage issues remained very limited with only a few years seeing more than 200,000 coins minted annually, and some of those coins are now exceedingly rare due to the circumstances of the day. The $10 Liberty without the motto, “In God We Trust” was minted from 1838 to 1866 in several different varieties, many of which are available in this deal.
I am excited to announce that Monaco Rare Coins has recently completed the acquisition of the last remaining “Lost Gold of the Republic” gold coins. This final release is noteworthy in that it includes some 48 different dates, mint marks and rare varieties of the “No Motto” $10 Eagles. The average grade is AU53-AU55, which is amazing given the fact that many of these rarities are nearly impossible to find in ANY condition. And, for the most discriminating of collectors, there are a precious few prized coins in mint state condition, but they won’t last long.
Here is the most exciting part of this deal: We are now offering these last remaining coins for BIG savings over what many SS Republic coins have been sold for by other dealers since the release of this exciting treasure. How can we do this? Very simple: “Cash is King,” especially when negotiating larger purchases! Our ability to fund deals quickly is undoubtedly one of our greatest benefits for our clients. I worked many hours finalizing this deal and getting coins at the best possible prices for our valued clients.
There’s no doubt the $10 Liberties in this deal are instant classics, but I want more for our clients than just great prices on gold coins. As part of my SS Republic acquisition, I also secured a small number of Seated Liberty Silver Half Dollars, as well as some other very interesting artifacts recovered from the shipwreck, and will include one of these beautiful Seated Liberty halves with your purchase of select SS Republic $10 Eagles… absolutely FREE! That is an incredible bonus, valued up to $1,250… IF you act before they are all gone.
Don’t miss this exciting once-in-a-lifetime opportunity to own a beautiful and certified piece of Civil War history. Call your Monaco representative as soon as possible at 888-900-9948.