Shipwreck effect

Discussion in 'US Coins Forum' started by Santinidollar, Aug 27, 2016.

  1. Hommer

    Hommer Curator of Semi Precious Coinage

    Each one is a bit of history, how can you call yourself a true numismatist if you don't enjoy the history of a coin? Not a shipwreck coin but same effect
    20160827_191021-1.jpg
     
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  3. Cascade

    Cascade CAC Grader, Founding Member

    So what would they call the space coins like the mars Lincoln if it ever came back lol

    Wonder what it'll look like too actually
     
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  4. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Shipwreck coins are a neat piece of history. For example, the loss of the 1715 treasure fleet impacted Spain's ability to pay it's massive debts and can be seen as a contributing factor to the 18th century decline of Spain and the rise of France & Britain which shaped the 19th century and the world today.
     
  5. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    I would say it looks the same, there's no oxygen anywhere in site . I think ............
     
  6. Mad Stax

    Mad Stax Well-Known Member

    Reminds me of the story about the SS Central America shipwreck where 5400 mint state 1857S double eagles were found, thats why you can get them way cheaper in MS than similar double eagles of the era.
     
  7. Cascade

    Cascade CAC Grader, Founding Member

    In space no. But there is Carbon dioxide, argon, nitrogen and traces of oxygen in the Martian atmosphere
     
  8. baseball21

    baseball21 Well-Known Member

    It's official name would more than likely be "The Most Expensive Coin in the World"
     
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  9. Paddy54

    Paddy54 Well-Known Member

    Hate to burst your bubble but only The silver one peso coins and the 1936 commemoratives were dumped into
    the Manila bay . Mostly 1907- 1912 Pesos to the tune of 15 million of them. The reason was they were silver no bronze of nickel coins were dumped.
    Since the act was done in hast most were just crated and dumped so the Japanese couldn't get the silver. That's why these coins that were originally minted in the states have this effect of the salt water. Other coinage as well as paper notes had no use to the Japanese as it had no true value after capture .
     
  10. Hommer

    Hommer Curator of Semi Precious Coinage

    I hate to burst your bubble, but this coin was pulled from the water by my brother in 1982. Along with other artifacts of the war..
     
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  11. Paddy54

    Paddy54 Well-Known Member

    He may of pulled it from the bay as I'm sure there was other coins lost durring the war, however read the history and you'll find only the two coins I stated in my post were dumped. There was no reason to dump nickel or copper coins they had no value to the Japanese war effort ,only the silver.
     
  12. Hommer

    Hommer Curator of Semi Precious Coinage

    I am quite aware of the history of the Philippines, World War II, and the Spanish American War as I have studied it for many years. I have a collection of coins and currency from all in between.
    My brother was a U.S. Navy diver. He gave me a collection of coins that he acquired during his tenure as such. Most don't interest me, but this one did and still does. It's reference here was to the effects of sea water on coins, for you to think otherwise is beyond my comprehension.
     
  13. Mad Stax

    Mad Stax Well-Known Member

    The aliens beat the crap out of us in world war 11
     
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  14. Paddy54

    Paddy54 Well-Known Member

    Yeah I'm pretty sure that I'm going to miss that war at my age. But no problem all the ones they didn't number since the mid 50's I've managed to live through .
     
  15. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Yes. In fact, because of the find, several previously incredibly scarce coins are now the most commonly available of the series... http://www.pcgscoinfacts.com/Coin/Detail/8922

    Think about that of 7,500 that survived, 5400 (or 5500 depending on who you ask) - at least 73% - came from the wreck.
     
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  16. Cascade

    Cascade CAC Grader, Founding Member

    Hey, didn't they send off the most interesting man in the world into space in his farewell commercial? Maybe he went to recover the most expensive coin in the world??? Lol
     
  17. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    Personally I love these "shipwreck effect" coins, as their history is fantastic. Prices have also come down quite dramatically, and can be scored for good prices. The stories they tell are amazing.
     
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  18. Kirkuleez

    Kirkuleez 80 proof

    I like the shipwreck coins for their history, but paying a premium for a damaged coin is against my religion.
     
  19. Cascade

    Cascade CAC Grader, Founding Member

    All you need is scuba gear and a short car ride kirk!
     
  20. USS656

    USS656 Here to Learn Supporter

    Don't get caught diving on someone's claim - as most wrecks with potential are. You will get arrested if you're lucky. :dead:;) When I retire you will find me combing the beaches from Sebastian to Stuart. Cannot wait - especially after a good storm.
     
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  21. Cascade

    Cascade CAC Grader, Founding Member

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