Lot 2974
1854-S from the S.S. Republic. NGC graded AU-58. Well struck and quite lustrous, untoned. Pop 12; 2 finer, 1 in 60, 1 in 61 . Housed in a plush inlay mahogany case with brass hinges and a booklet as marketed by Odyssey Marine Exploration. The 1854-S is popular as the first year of issue from the San Francisco Mint. Gold from the gold fields of California for the $2.50, $5, $10 and $20 pieces was deposited by miners and their agents at the Mint where it was refined and struck into these beautiful coins. Because the West was a hard-money region that disliked paper money, the coins had to work hard in circulation, resulting in most being moderately to well worn after years of money exchanging. It is always enjoyable for us to be able to offer such a lustrous, high grade piece as this, from the storied sunken treasure ship, S. S. Republic!
Estimated Value $3,500 - 4,000.
S.S. Republic.
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