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Set of three USA (New Orleans mint) half dollars Seated Liberty, 1861-O, NGC Shipwreck Effect / SS R

Currency:USD Category:Coins & Paper Money / Shipwreck - Silver Coins 1750s-1900s Start Price:1,200.00 USD Estimated At:1,500.00 - 2,250.00 USD
Set of three USA (New Orleans mint) half dollars Seated Liberty, 1861-O, NGC Shipwreck Effect / SS R
SOLD
3,750.00USD+ (712.50) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Nov 01 @ 12:57UTC-4 : AST/EDT
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Set of three USA (New Orleans mint) half dollars Seated Liberty, 1861-O, NGC Shipwreck Effect / SS Republic, in promotional case: W-01A (United States issue), (B) AU; W-07 (Louisiana issue), (A) UNC; W-13 (Confederate States issue), (A) UNC. KM-A68. 10-1/2" x 7-1/4" x 2-1/2". An exceptional set of nicely matched coins, the Louisiana and Confederate issues graded "(A) UNC" (highest possible), both lustrous and choice. The United States issue graded "(B) AU" due to slight surface granularity and, in fact, one of the key rarities for the wreck. Federal control over the mint only lasted until January 26 of 1861 before the State of Louisiana seceded, thus severely limiting the amount of halves struck under federal auspices. It is estimated that 13% of the 2,532,633 1861-O halves (about 330,000 coins) were struck during the brief three weeks before secession, resulting in two US-issue die marriages, this one and W-02 (both considered rare by Riley and Bugert). Concurrently, the 1861-O halves from the SS Republic indicate a similar, if not greater, scarcity for the federal issue; the majority of sets like this one have an 1860-O as the US issue. With original certificate from the salvagers and promoters listing the NGC numbers of each coin, all housed in an elegant wooden box with printed slipcase with DVD. NGC #1794444-258, 1797949-137, 1798225-210. Recovered from: SS Republic, sunk in 1865 off Georgia