Shipwreck effect? Pffft!

Or do you mean 'corrosion'?

1859-O half dollar from the SS Republic for sale with interesting marketing speak

 

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What's next? Parking lot effect?

 

I've seen many of these that looked far, far better than this one. But also much more expensive.

 

Depends on the parking lot, I guess.

 

Oh yuck!! Now I have seen some of these shipwreck pieces that do still have some eye appeal.... But not this one!

 

"Shipwreck Effect" is just another way of saying details. Even the nice ones are obviously affected by the saltwater corrosion. But it's a clever way to market the coins and I guess there's a market for them due to history/nostalgia, whatever. But I'm not the market.

 

How about the Butterfly Effect??

 

Well that's what NGC calls it. That coin is pretty cool because the corrosion is uniform. I've seen some pretty fugly coins come from shipwrecks - you buy them for their provenance rather than eye appeal. This one has both (beauty in the eye of the beholder blah blah), but it's a bit too pricey for me.

 

Well yes it is just another mark against the specimen. I don't believe that a shipwreck coin should be so frowned upon. One could say the same of the Philippines pesos . Now yes having a cob that wasn't from a wreck should be assigned a such a grade, but unless the cob is so bad I don't believe that it should be looked at a a second coin.

 

Shipwreck Effect is a handsome Synonyme for „Details“ and a stands for a not gradeable coin. Just my 2 Cents.

 

Fun movie!

 

"Rare and unique coin with beautiful submersion surface." LOL

 

Most of the shipwreck coins I see look better than that one. Usually they have a great deal of the detail that was left when the ship sank with the surfaces dulled by the saltwater and sand. That piece is a cull in my opinion.

There is really no way to say if the piece is genuine from that photo. Badly cast pieces have a similar look.

 

Follow the link in the highlighted text. The coin is slabbed by NGC with the designated provenance.

 

I would not buy that coin on a bet. If it turns out to be bad, it won't be the first time that a TPG has slabbed a bad coin. Check out @Jack D. Young 's posts.

 

Yep these are graded that way when notable finds from shipwrecks are documented and brought for grading. There's been a number of ships such designations have happened for including some REALLY nice coins in some of the finds. In such instances saying shipwreck effect and noting the ship is a much better option than just giving it a details grade and losing the history.

 

Next we will be seeing coins details graded "XF Barnacle Effect"

 

I agree that we should not want to lose the history of these coins but it would be appropriate, IMHO, to label them "Details" in addition to whatever else should go on the label be that "Shipwreck Effect" or "Name of Wreck", etc.

 

It is labeled as a details. There's no straight grade on them. If it wasnt a details coin it would look like S.S. Central America coins from PCGS with the straight grades and just the ship name on the label. The "Shipwreck Effect" is a details designation

 

baseball21, posted: "It is labeled as a details. There's no straight grade on them. If it wasn't a details coin it would look like S.S. Central America coins from PCGS with the straight grades and just the ship name on the label. The "Shipwreck Effect" is a details designation.

Well said. It is an inoffensive way of saying the coin got corroded by the saltwater.