|The SS Republic was lost in a hurricane of the coast of Georgia in October 1865 while on its way to New Orleans. The ship was carrying much needed supplies and coinage to New Orleans which was recovering from the Civil War. The wreck of the SS Republic was not discovered until 2003 when Odyssey Marine found the ship and began the recovery of its hoard of coinage. The coins that were recovered from the wreck of the SS Republic were expertly conserved and certified by NGC. These coins are then given a designation of SHIPWRECK EFFECT with no grade as the surfaces have been impaired by many years of saltwater exposure.
The coin offered here is an 1854-O with Arrows Seated Liberty Half Dollar which as been certified by NGC as SHIPWRECK EFFECT. Although the coin exhibits moderate saltwater damage on the surfaces, the design details are still relatively strong, particularly on the reverse side. The coin is bright white and untoned with slightly rough surfaces from the saltwater exposure. There are also some light scratches on the obverse near the date and near the head of Liberty. An interesting New Orleans minted with Arrows type half dollar recovered from the SS Republic shipwreck.