SS Republic Shipwreck Gold Coins
Posted onWith a storied history that spans both military and commercial endeavors, the SS Republic holds a prominent place in American maritime history. Despite the ship’s tragic demise, its legacy remains strong today through the artifacts discovered among its wreckage, such as the SS Republic shipwreck coins. This piece will delve into the historical significance of the SS Republic and the treasures it left behind, discussing:
- Interesting facts about the iconic SS Republic ship.
- The valuable coins found among the ship’s wreckage.
- Finding the best SS Republic coins for sale online.
Dive into the discovery of the SS Republic shipwreck in this captivating video:
Facts about the SS Republic ship
While its shipwreck is well-documented, the SS Republic’s story is brimming with riveting details. Here are some fascinating facts about this historic ship.
- Country of origin
The SS Republic was built in Baltimore, Maryland. Constructed in 1853, the vessel’s design and construction were a product of American shipbuilding expertise of the mid-19th century.
- Size
With a length of 210 feet and a beam of 33 feet 11 inches, the SS Republic was a substantial vessel for its time. Its robust construction, boasting an impressive 5,000-barrel cargo capacity and room for up to 100 passengers, largely contributed to its significant role in mid-19th-century maritime trade.
- Function
Before embarking on civilian journeys such as the one that ended tragically with its sinking, the SS Republic fulfilled various roles. Originally named “Tennessee”, the ship operated as a merchant vessel along the Baltimore–Charleston route. Subsequently, she played a role in the California Gold Rush, ferrying prospectors to Panama and Nicaragua for their journey to the Sierra Nevada mountains.
When the Civil War erupted, the ship was repurposed as a military vessel, serving in the Union Navy and even participating in the Battle of Mobile Bay. The ship’s military involvement ended after it incurred storm damage, prompting it to transition into a new career transporting passengers and cargo.
- Years of operation
The SS Republic had a dynamic operational history spanning over two decades (1853-1865). Built in 1853, the vessel served in various commercial capacities as “Tennessee” before being acquired by the Union Navy and renamed the USS Mobile. After sustaining damage in 1864 and being deemed unfit for military service, the vessel was sold in 1865, refitted, and renamed the SS Republic. The ship then operated commercially, primarily on the New York to New Orleans route, until its sinking in a hurricane on October 25, 1865.
Wreck of the SS Republic
The shipwreck of the SS Republic occurred under dramatic and harrowing circumstances on October 25, 1865. Departing from New York and bound for New Orleans, the Republic was laden with passengers, crew, and a valuable cargo of goods, including barrels of money intended to help revive the post-Civil War economy of New Orleans.
As the ship made its way south, it encountered a severe hurricane – similar to the fate that led to the Atocha shipwreck treasure – off the coast of Georgia. The storm’s intensity quickly escalated, subjecting the vessel to powerful winds and towering waves.
Despite the experienced crew’s efforts to navigate through the treacherous conditions, the Republic began to take on water. The ship’s pumps were unable to cope with the volume of water flooding in, and the situation rapidly deteriorated. As the hull sustained damage and the flooding worsened, it became clear that the ship was doomed.
Captain Young made the difficult decision to abandon ship, ensuring that all 80 passengers and crew members evacuated safely into lifeboats. The survivors endured a harrowing ordeal before being rescued by passing vessels. The SS Republic, however, along with its valuable cargo, succumbed to the sea.
As for where did the SS Republic sink, that remained a mystery until 2003, when Odyssey Marine Exploration discovered the wreckage. Among the remnants of the ship, they found a treasure trove of artifacts, including over 51,000 rare gold and silver coins.
The most reputable SS Republic coins
In a similar vein to El Cazador ship, when disaster struck for the SS Republic, it was laden with coins intended for Louisiana. The SS Republic, specifically, was transporting thousands of gold and silver coins to facilitate economic recovery in the region of New Orleans after the Civil War. Among the coins found on the SS Republic shipwreck, many are cherished by collectors today for their historical significance and numismatic value.
1. 1854-O $10 Liberty Large Date SS Republic coin
Among the most sought-after SS Republic shipwreck coins for sale is the 1854-O $10 Liberty Large Date coin. Designed by Christian Gobrecht, this rare piece is highly prized for its unique characteristics.
Created with a date punch intended for larger silver dollars, it features an oversized date punch compared to its Small Date equivalent. The 1854-O $10 Liberty Large Date is also of notable eye appeal because of its concave-looking obverse, giving it a sunken appearance.
1854-O $10 Liberty SS Republic Large Date NGC AU55
- Metal: Gold
- Year: 1854
- Check our most current price here.
2. 1854 Small Date Double Eagle SS Republic coins
Another coin numismatists seeking SS Republic coins for sale should be looking into is the 1854 Small Date Double Eagle. This coin often exhibits well-struck details with very clear definition on the obverse. It is also slightly scarcer than its 1852 and 1853 counterparts in terms of overall rarity, making it a worthy addition to any coin collection.
1854 Small Date Double Eagle
- Metal: Gold
- Year: 1854
3. 1854-O 50C Seated Liberty with Arrows SS Republic wreck coin
This particular coin may not boast the highest value of SS Republic coins, but its significance and appeal to collectors cannot be overstated. With the highest mintage of any With Arrows type, the 1854-O 50C holds a distinguished place in numismatic history. Its large mintage, the largest in the series since 1836, makes it accessible to collectors of varying budgets. Offering a blend of rarity, visual appeal, and affordability, this historic coin serves as an excellent entry point for enthusiasts.
1854-O 50C Seated Liberty with Arrows
- Metal: Silver
- Year: 1854
Photo by PCGS
4. SS Republic 1860 Seated Liberty Half Dollar
Another remarkable coin recovered from the wreckage of the SS Republic is the 1860 Seated Liberty Half Dollar. Known for its relatively low mintage of only 302,700, this coin is among the most highly sought after 1860 & 1861 SS Republic silver coins in numismatic circles.
1860 50C Seated Liberty
- Metal: Silver
- Year: 1860
Photo by PCGS
5. 1863-S Double Eagle SS Republic ship coin
As far as SS Republic gold coins for sale are concerned, collectors will find the 1863-S Double Eagle particularly noteworthy. Although the San Francisco Mint produced these Double Eagles in large numbers, uncirculated pieces are rare, with most originating from the SS Republic. This makes them especially significant from a historical perspective.
1863-S Double Eagle
- Metal: Gold
- Year: 1863
Photo by PCGS
6. 1853 Arrows & Rays Half Dollar SS Republic sinking coin
The 1853 Arrows and Rays Half Dollar is another example of a special coin found on the SS Republic shipwreck. This 50-cent piece holds a significant place in numismatic history due to the Coinage Act of 1853, which aimed to correct the gold and silver price imbalance by reducing weights for several denominations, including the half dollar. To signify this change, arrowheads were added beside the date, and rays around the eagle on the reverse. This design was unique to 1853, making it a one-year type coin.
1853 Arrows & Rays Half Dollar
- Metal: Silver
- Year: 1853
Photo by PCGS
7. 1845-O Coronet Eagle SS Republic shipwreck gold coins
With a mere 47,500 minted, the 1845-O $10 is a prized gem among SS Republic shipwreck coins for sale. Though some examples may display minor weaknesses in design details, collectors recognize these quirks as part of the coin’s allure, enhancing its desirability without diminishing its overall appeal.
1845-O Coronet Eagle
- Metal: Gold
- Year: 1845
8. 1861-S Coronet Double Eagle with Paquet Reverse SS Republic coin
This Double Eagle’s artistic merit, combined with the inherent value of SS Republic coins, make it a highly coveted collectible. With a reverse created using a special die made by engraver Anthony C. Paquet, the coin features distinctively taller and slimmer lettering compared to the traditional design. This unique style was intended to improve the coin’s aesthetic appeal but was discontinued shortly after its introduction due to striking issues. As a result, Double Eagles with the Paquet Reverse are very rare, adding to their desirability among collectors.
1861-S Coronet Double Eagle with Paquet Reverse
- Metal: Gold
- Year: 1861
Photo by PCGS
9. 1865 Coronet Double Eagle Misplaced Date wreck of the SS Republic coin
The 1865 Coronet Double Eagle with a misplaced date error is another one of the fascinating SS Republic gold coins. On the coin’s obverse, the tops of two date digits are visible in the dentils beneath the “65,” an error likely to have occurred during the manual process of date punching. Despite the large mintage of Double Eagles in 1865, those with the date in the rim error are scarce, significantly enhancing their value and appeal.
1865 Coronet Double Eagle with Misplaced Date
- Metal: Gold
- Year: 1865
10. 1865-S Eagle with Inverted Date SS Republic shipwreck treasure coin
Another extraordinary rarity among SS Republic coins is the 1865-S Eagle with an inverted date. This error occurred when the three-digit 186 logotype was punched into the die upside down and subsequently corrected. It resulted in an unusual and distinctive appearance that collectors highly value.
1865-S Eagle with Inverted Date
- Metal: Gold
- Year: 1865
Photo by PCGS
Browse through more SS Republic gold coins for sale and other valuable rare pieces.
Where to buy rare coins
The SS Republic shipwreck yielded a trove of historic and valuable coins. From elusive misstruck varieties to well-preserved classics, these coins are rare and fascinating pieces with significant collector appeal.
For those interested in acquiring exceptional numismatic pieces, Blanchard is a trusted source, renowned for its expertise, authenticity guarantees, and competitive pricing. Blanchard’s dedicated team is readily available to address inquiries about SS Republic shipwreck coins and other rare collectibles, ensuring collectors receive top-notch service and valuable insights into their investments.
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Fed Fails to Deliver While Investors Turn to Gold in 2024
Posted onDon’t Count on the Fed: Protect Your Personal Economy with Gold
As expected, the Federal Reserve held its benchmark interest rate at a 23-year high at the close of today’s central bank meeting. The fed funds rate stands at 5.25%-5.50% as inflation continues to hold a tight grip on the U.S. economy.
From 2022 until 2023, the fed hiked interest rates 11 times in an attempt to tame runaway inflation. To date, the Fed has failed in its efforts, as inflation remains stubbornly above the central bank’s 2% target inflation rate.
Stocks took a slight hit when the Fed signaled only a single rate cut for 2024, down from their previously forecast three. Sticky inflation has put those cuts on the backburner for now.
Gold, on the other hand, rose close to $20 per ounce on the news.
While economists insist the US economy is in a good shape, Americans say otherwise.
Sure, gross domestic product (GDP) is expanding, and the labor market is strong. Yet, survey after survey reveals that Americans are unhappy about their personal economy – as inflation continues to bite into their everyday spending, and high interest rates makes borrowing vastly more expensive.
Despite Eleven Rate Hikes, Inflation Has Not Released Its Stubborn Grip
The most recent May Consumer Price Index (CPI) jumped 3.3% from a year ago, while core prices that exclude food and energy climbed 3.4% from a year ago, the Labor Department reported this morning. The CPI is a broad inflation gauge that measures what a basket of goods and services costs across the country.
Americans continue to pay sharply higher prices in 2024 than they did before the pandemic. The high interest rates are putting the brakes on some Americans as they try to buy homes, finance a car or even finance household appliances or refrigerator.
The 2024 Rush Into Gold
Throughout the first half of 2024, gold has been quietly and steadily climbing to new record high after high, leaping above the $2,400 an ounce level in May, before pulling back slightly in June. Gold is now up 12% from the start of the year. The current gold dip offers long-term investors – like you – an excellent entry point to increase your allocation to tangible assets like gold and silver. Current conditions allow you to trade your dollars for even more gold.
Looking Ahead
There are four more Fed meetings in 2024 – in July, September, November and December. No matter when the Fed cuts rates, or by how much, it will do little to help heal the pain of higher interest rates for Americans. For example, if we were to see two rate cuts later this year (which is debatable), it would take the Fed’s key interest rate back to a still high 4.75-5%, a level that, before current times, hadn’t been seen since 2007.
The Fed has demonstrated over the past several years its inability to control or tame inflation. You can’t control the Fed or the US economy, but you can protect, preserve and grow your personal economy with an increased allocation to physical gold and silver. For over 5,000 years gold has been a proven store of value and vehicle to build wealth. Do you own enough? Questions? We are here to help.
Gold Dips On Hotter Than Expected Jobs Report
Posted onGold dipped lower following a stronger-than-expected May U.S. employment report. The U.S. economy generated 272,000 new jobs in May, well above consensus estimates for 180,000 new jobs. Average hourly earnings rose 0.4% in May, also above the 0.3% consensus forecast.
Meanwhile, the overall May unemployment rate increased to 4.0% from 3.9% in April. That marked the highest level since January 2022.
Traders sold gold following the report as the strength in the labor market reduces chances that the Federal Reserve will cut interest rates this summer. The Fed’s “higher for longer” approach to interest rates could play out this year if inflation remains stubbornly above the central bank’s 2% target rate.
Indeed, a day before the May jobs report, markets had priced in a 70% chance of a Fed rate cut in September. However, those odds dropped to about 50% following the jobs report.
The longer Fed rate cuts are delayed, the more competition gold faces from interest bearing investments.
Digging deeper into the employment report, a notable trend is the jump in part-time jobs at the expense of full-time employment.
An increase in part-time employment is historically a leading indicator of broader job market weakness, as employers are less confident about taking on new full-time employees. Full-time employment in the May household survey fell 1,523,000 from its peak in June 2023. Meanwhile, part-time employment has climbed to 1,756,000 since that time.
Here’s a snapshot of the new job growth by major sectors:
- Private employment rose 229,000.
- Government employment rose 43,000, mostly at the local government level.
- 21,000 new construction jobs were created.
- 8,000 new manufacturing jobs were created.
- 84,000 new healthcare and social assistance jobs were created.
- 42,000 new leisure and hospitality jobs were created.
- 13,000 new retail jobs were created.
- 11,000 new transportation and warehousing jobs were created.
The long-term uptrend in gold remains intact and throughout 2024, investors have consistently entered the market to accumulate gold on price dips like we are seeing now.
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Consumer Confidence Plummets, New Home Sales Sink
Posted onWhile April showers may bring cheery May flowers, U.S. consumers took a decidedly more dour approach to their finances and the economy this spring. Consumer confidence and new home sales data revealed widening cracks in the economy amid still-high interest rates and elevated inflation.
Gold continues to trade to ever-higher levels in 2024 and hit another new record high in May climbing above $2,400 an ounce. Investors are turning to gold in droves, piling into the safe-haven investment as economic uncertainty increases.
Consumer Sentiment Tumbles 10% in May
Consumer sentiment slid 10% in May as Americans worry the job market could weaken and as high interest rates took a toll, according to the final University of Michigan Surveys of Consumers. The Consumer Sentiment Index slid to 69.1 in May, down from 77.2 in April.
The Michigan sentiment report revealed that Americans are worried that unemployment could rise, and that interest rates will remain high. Consumers aren’t happy about the ongoing high level of prices for so many everyday goods and services. The still-high inflation is straining lower-income household’s budgets which is seen by a rising in credit card debt levels.
In recent months, a larger number of Americans have pointed to high interest rates and tight credit conditions which make it difficult to buy homes and cars.
“Consumers expect interest rates to remain high in the future, which will make it even more difficult for consumers to make large purchases,” said U-M economist Joanne Hsu, director of the Surveys of Consumers.
High Mortgage Rates Keep Homebuyers Sidelined This Spring
The 2024 home sales season is off to a disappointing start amid a fresh jump in mortgage rates and high home prices. The just released April single family new home sales fell a bigger-than-expected 4.7% in April to 634,000 units, the Commerce Department said.
The sharper-than-expected decline in homes sales coincided with a resurgence of higher mortgage rates and reveals that the housing market is losing steam during what should be prime home buying season for Americans.
The average 30-year fixed mortgage rate climbed again in April topping the 7% mark, according to Freddie Mac. The median sale price of a new home stood at $433,500 in April.
Gold’s Shining Moment
The new economic reports adds to the growing evidence that the U.S. economy is facing headwinds as we head into the second half of the year. Rising concerns among Americans about their own personal financial balance sheet could have a big impact on the economy ahead as consumer spending is a major driver of overall economic growth.
Investors have been trading their dollars for gold this year at a brisk pace, driving gold up as much as 18% year-to-date at the May price peak. Wall Street remains positive on the outlook for gold ahead as the 2024 gold rush is just getting started.
How is your personal financial balance sheet? If you are concerned about the economy or your portfolio, the time is ripe to increase your allocation to gold. We are here to help.
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Trump Tax Cuts Expire After 2025: Are You Ready?
Posted onAs the presidential election starts to heat up, expect to hear more about taxes on the campaign trail this summer and fall. Why? There are potentially sweeping tax law changes on the horizon.
Most Americans have paid lower income taxes since 2018, due to former President Donald Trump’s Tax Cuts and Jobs Act of 2017.
Yet, many of these tax breaks are set to expire next year, unless Congress acts.
The 2017 tax law temporarily changed major provisions like lower tax brackets, a higher standard deduction and an increase to a number of deductions. After the Trump tax cuts expire in 2025, here’s just a few of the taxes that will increase: individual tax bracket rates, pass-through rates, health insurance surcharges, the global minimum tax, Inflation Reduction Act taxes and housing taxes.
High Net-Worth Americans Face Changes to Estate Tax Law
For ultra-wealthy Americans there are looming changes that could substantially limit the amount that families can transfer tax-free to the next generation. For example, in 2024 the tax-free limits on gifts increased to $13.61 million per person. Once the Trump era tax cuts expire, that limit will fall by about half in 2026, without new legislation from Congress.
Given the sweeping tax changes that are on the horizon, many high net worth individuals are making lifetime gifts now to remove assets from their estate.
Gold Is an Excellent Vehicle for the Private Preservation of Wealth.
With the estate tax level set to fall nearly in half after 2025, that significantly reduces the wealth you can give to your heirs, as the government will take a much larger portion of your family’s money.
There is a solution. Gold bullion and rare coins have long been touted by trust attorneys as an efficient and discreet method of transferring wealth from one generation to another.
Taxes Are Set to Rise after 2025: You Still Have Time to Prepare
Americans of all income levels will face higher tax rates and lose out on a number of deductions, meaning your bill to Uncle Sam will be higher than it has in recent years. You can’t control what tax legislation Congress passes or doesn’t pass. You can control how you prepare and position your finances to limit the impact of taxes reverting back to 2017 levels.
If you take action now, you still have time to re-position some of your holdings to get in front of the expiration of the 2017 tax cuts. Contact a Blanchard portfolio manager for a confidential portfolio review – and to explore proven strategies with tangible assets to protect, preserve and grow your wealth.
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The Most Popular Variety of Connecticut Coppers: The 1787 Horned Bust
Posted onFollowing the Revolutionary war in colonial America, a lack of national coinage for everyday commerce began to pose problems. Fraud and counterfeiting began to run rampant.
The Articles of Confederation, ratified in 1781, had authorized states to create their own coinage. So, the state of Connecticut took action and stepped in to help solve the problem locally, while the nation debated opening a national mint.
The Connecticut legislature authorized a private firm to mint what is fondly known today in numismatic circles as Connecticut Coppers.
Connecticut Coppers Were Minted between 1785 and 1789
These coins, while never legal tender, were trusted and used extensively in everyday commerce. Today, collectors are captivated by their colorful names, which includes varieties like “African Head,” “Hercules Head,” and “Draped Bust” styles.
Connecticut Coppers were struck in many varieties. Today, one of the most popular carries the intriguing name: the 1787 Horned Bust.
1787 Horned Bust Design
The Connecticut Coppers design took inspiration from the British halfpenny. The coins typically showcased a man’s head on the obverse and an elaborate seated personification of Liberty on the reverse.
The 1787 Horned Bust Connecticut Copper is one of the most beloved in the entire series. The obverse features of bust of Liberty facing left, but what makes this variety special and highly sought after is the eponymous “horn” seen in the lower left of the coin’s obverse.
A Chip in the Die Created the Horn
However, the horn was not an intended part of the coin’s design! A chip in the die that produced the coin created that horn. Early examples of the obverse die are perfect and reveal no trace of a horn.
Yet, as the die was used more and more, the chip in the die appears on the coin as a raised chunk of metal. Notably, throughout time, as more coins were struck, the horn got bigger and bigger! Some numismatics specialize in the 1787 Horned Bust, and create a unique collection showing the progression of the horn enlarging over time.
The coin’s reverse features a clothed Liberty seated on a small throne, holding an olive branch in one hand and a capped pole in the other, with the date 1787 at bottom.
A Unique Copper
Collectors appreciate the historical significance, rarity and unusual story behind the “horn” on the 1787 Horned Bust Connecticut Copper. The most recent auction record for a 1787 Horned Bust stands at $7,475
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5 Most Interesting Coins from the Manila Mint
Posted onYou may not be aware (many aren’t) that the United States Mint operated a mint in the Philippine Islands. In fact, the Manila Mint is the only U.S. branch mint that was located outside the continental United States! Today we’ll explore five of the most interesting coins from the historic and under the radar Manila Mint in the Philippine Islands.
A Little History
After the U.S. defeated Spain in the Spanish-American War in 1898, the Philippines became a U.S. territory. In 1920, the U.S. government reopened the Manila Mint, which had originally been built by the Spanish government in order to produce sorely needed currency to be used in the U.S. territory.
The Philippine economy was too weak to use the U.S. dollar, a much stronger currency. So the U.S. government created special lower denomination currency modeled after Spanish denominations just for the Philippine territory.
The Manila Mint produced coinage until 1922 and then again from 1925-1941, when the Japanese invasion of the Philippines during WWII halted U.S. operations there. Now, let’s take a look at five of the most interesting coins from the Manila Mint.
1. One Centavo Coin
2. Five Centavos Coin
3. Fifty Centavos Coins
4. One Peso Commemorative Coins
5. Leper Colony Coinage
One Centavo Coin
The lowest denomination coin produced by the Manila Mint was the one centavo. This coin featured a male Filipino with a hammer, sitting on an anvil. These coins were legal tender in both the U.S and the Philippines. Between July 1920 and December 1941 the Manila Mint produced a whopping 142,317,095 regular issue one centavo coins, more than all other denominations combined. This was widely used in everyday commerce and quickly helped to ease the coinage shortage there.
Five Centavos Coin
The five centavos coin continued the theme of the male Filipino worker. The 1920 and 1921 five centavos design featured a young Filipino male sitting next to an anvil. He holds a hammer in his right hand, his left arm raised, and in the background is a dramatic volcano spewing molten lava. The reverse design features an eagle with spread wings perched on top of an American shield.
The five centavos coins were produced with 75% silver and 25% copper. The silver content meant the coins intrinsic value was greater than their face value. Today, finding five centavos in good condition can be a challenge for collectors as many were melted down over the years. This coin was widely used in everyday transactions and was an essential part of the local currency system.
Fifty Centavos Coins
The fifty centavos issued under U.S. rule from the Manila Mint featured a distinctive and visually appealing design with a lovely female figure carrying a hammer that rested on an anvil. A billowing volcano is also seen in the background on this coin.
These coins were also struck from 75% silver and 25% copper. Today, the 1921 issue, with a mintage of 2,317,000, is easier to find, while the 1920 issue with a smaller mintage of 420,000 mintage is scarcer and typically more desired by astute collectors.
One Peso Commemorative Coins
In 1936, the Manila Mint produced two Commemorative Pesos. The first commemorative peso features the portraits of the first President of the Philippines, Manual L. Quezon, and U.S. President Franklin D. Roosevelt. The obverse of the other commemorative Peso features portraits of President Quezon and Frank Murphy, the last U.S. Governor General of the Philippines. The reverse for the 1936 commemoratives highlights the seal of the Commonwealth of the Philippines with United States of America placed above and the date centered below.
Leper Colony Coinage
The Manila Mint was also tasked with striking Leper Colony coinage for the Philippine Health Service. From 1920 through 1930, the Manila Mint produced five issues of Leper Colony coins.
These include the 1920 issue (ten centavos, twenty centavos and one peso) which carry no mint mark. The 1922 issue (twenty centavos and one peso) were stamped with the encircled initials “PM” (representing Philippine Mint). The 1925 (one peso) and 1927 (one centavo and five Centavos) issues show the Mint Marks “P” and “M” on the reverse to the right and left of the value. The 1930 issue (one centavo and ten centavos) show no mint marks.
The End of an Era
No U.S. coins were produced at the Manila Mint after 1941 during the Japanese occupation or until the Philippine independence occurred in 1946. Sadly, the Manila Mint were decimated by heavy bombing during the liberation of the islands. While these historic coins often fly under the radar, they remain important reminders of this unique U.S. Mint branch that briefly
produced coins outside the continental United States. These coins are also tangible legacy of the close ties and special relationship the United States and the people of the Philippines.
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Brasher Gold Doubloon: One of the Most Valuable Coins in the World
Posted onIf you’ve been around coin collecting for a while, you may have heard of the legendary “EB” counter stamp that Ephraim Brasher marked on coins that he issued back in the late 1780’s. For those who aren’t familiar with Brasher, he was practically a celebrity in colonial America.
Brasher was a patriot of the American Revolution, a successful businessman and neighbor of George Washington. A well-respected jeweler and coiner, Brasher was known for his integrity and excellent workmanship, and his “EB” counter stamp was widely accepted as a guarantee of quality and value.
Today, numismatics can only dream about owning one of his most famous and rarest creations of all—the 1787 New York style Brasher doubloon.
Some private gold coin experts believe that the gold doubloons minted by Brasher in 1787 were our country’s first private gold coins, yet there is no detailed evidence to prove that. Nonetheless, these coins have earned an important status in American numismatic history.
After the Revolutionary War ended, the colonies were in need of coinage. In 1787, Brasher applied to the New York Assembly for a contract to produce coppers for the state. While waiting for an answer, Brasher took the initiative to issue his now legendary gold doubloons.
Doubloon is Spanish for “double” and is the name of the Two Escudo gold coin that was minted in Spain and the Americas with gold found in the New World.
Brasher’s gold doubloon featured the Great Seal of the United States, an eagle clutching an olive branch and arrows. Encircling the eagle is the national motto: ‘UNUM E PLURIBUS’ (One from many). The date 1787 is at the bottom. Brasher counter stamped “EB” on the reverse as his personal guarantee of quality.
On the coin’s reverse, Brasher displayed the New York coat of arms: a sun spreading rays of light over a mountain with the sea at front. Surrounding the image is the inscription, ‘NOVA EBORACA COLUMBIA EXCELSIOR’ (New York, America, Ever Higher). Brasher included his last name underneath the image.
While Brasher typically stamped his initials on the reverse, there was one notable exception. He created one coin with his initials stamped on the chest of the eagle, possibly the last coin made. In 2011, Blanchard sold this iconic “chest punch” Brasher Doubloon for almost $7.4 million.
Ephraim Brasher’s contributions to American numismatics extend beyond the creation of the Brasher Doubloon. His work set a precedent for the quality and integrity of American coinage, influencing subsequent generations of coin makers. Brasher’s emphasis on precision, artistry, and trustworthiness became the standard for U.S. currency.
The Brasher Doubloon also symbolizes the innovative spirit of early American entrepreneurs. In a time of economic uncertainty, Brasher’s initiative to create a gold coin exemplified the entrepreneurial drive and resourcefulness that would come to define the American ethos.
They are ultra-rare and wildly expensive. Only seven survivors of this astounding coin are known today. In 2021, a Brasher gold doubloon sold for $9.36 million.
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The Shocking Scandal Behind the Beloved $4 Gold Stella
Posted onIf you ever saw an episode of the HBO TV drama: The Gilded Age, you understand how exciting this period in U.S. history truly was.
Starting in the 1870’s the U.S. economy was booming. Railroads were built coast to coast. The steel and coal mining industries were growing fast. Titans of industry like John D. Rockefeller, Cornelius Vanderbilt, Henry Ford and Andrew Carnegie built great fortunes.
During this historic time one of the most fascinating and highly desired U.S. rare coins was produced: the $4 gold Stella coin.
Today, these $4 gold coins are extremely rare and in high demand as an example of America’s outstanding numismatic art. And, there’s scandal too which only adds allure to the coin’s dramatic history. Today, that $4 gold coin is reverently known as Stella. How did it get its name? The Latin word for star is Stella and the coin features a five-pointed star on its reverse.
The beautiful Stella was only minted in tiny amounts in 1879 and 1880 as a pattern coin to show Congress, as they debated how it could be used in international trade. The proposed $4 gold coin would roughly equate to the value of the Spanish 20-peseta, the Italian 20-lire and the British sovereign.
However, shortly after the brand new $4 gold pattern coins were released to the Congressman for their review, scandal broke out. These dazzling gold coins were being worn as medallion necklaces dangling over madam’s bosoms in Washington D.C.’s high-end brothels that were known to be frequented by illustrious clientele – like U.S. Congressman!
The numismatic community was dismayed and outraged. While it was said that no coin collector could obtain a Stella from the U.S. Mint, the Congressman who had received the special order apparently used them as gifts and perhaps even payment!
Now remember, this was the Gilded Age and these opulent brothels were famous for large oil paintings, fancy red plush parlor furniture, pricey European carpets, and real silver on the table alongside porcelain dishware. Guests and residents feasted on gourmet meals including high and mid-priced cuts of beef, pork and goat, alongside exotic items for their day – like coconut and Brazil nut. The expensive French champagne was ever-flowing.
And it was in these brothels, that Washington D.C.’s most famous madams proudly flaunted these exceedingly ultra-rare coins! Even today, some Stellas’ can be found that reveal traces of the necklace loops.
In the end, Congress rejected the idea of an international coin. Stella, struck for only two years, was never a circulating coin. Yet, collectors then and for generations have coveted these illustrious and historic coins.
The Stella pattern was only minted in tiny amounts in 1879 and 1880 in two types. Two of America’s most famous coin designers created the Stella patterns.
Chief Engraver Charles Barber created a design that featured a portrait of Liberty facing left with long, flowing hair on the obverse, known today as the Flowing Hair type.
George T. Morgan, the creator of the famous Morgan silver dollars, developed the Coiled Hair type. The reverse of the $4 Stella reveals the motto DEO EST GLORIA, which translates into “God is Glorious.”
These coins are scarce. It is estimated that a mere 425 Flowing Hair coins were minted in 1879, with only 12 known Coiled Hair types from 1879. In 1880, there are only 17 known Flowing Hair types and 8 Coiled Hair. Notably, because the coin goals were international commerce, the obverse states its gold content on the obverse of the coin in the metric system:
“★6★G★.3★S★.7★C★7★G★R★A★M★S★”
This ultra-rarity is beyond the reach of most collectors. Yet, demand for these iconic coins far outstrips supply. On the rare occasions they surface for sale it’s typically from a time-honored, monumental collection of historic U.S. coins. Indeed, the $4 Stella is a historic gem from this exciting time in American history. Imagine the stories these coins could tell, only if they could talk…
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10 Unique Rare Error Coins
Posted onOffering a unique opportunity to diversify and enrich their numismatic collections, error coins are particularly appealing for collectors. Indeed, boasting intriguing backstories, they add depth and significance to any coin collection. This piece will explore rare coin errors and the history behind them, focusing on:
- Iconic US coin anomalies.
- Famous international error coins.
- Where to source unique error coins.
Watch this informative video to learn more about different types of coin errors:
Rare US error coins
Error coins, esteemed anomalies within the realm of numismatics, offer a glimpse into the intricacies and variations of the minting process. Each of the following rare US error coins showcases unique and intriguing types of errors, ranging from missing mint marks to striking anomalies.
1. The 1943 Copper Penny, with its incorrect planchet composition, stands out among rare US error coins.
One of the most sought-after rare coin errors in US numismatic history, the 1943 Copper Penny, is highly coveted by collectors for its scarcity and historical significance. Amid the pressures of World War II in 1943, the United States minted pennies using steel due to the shortage of copper, which was reserved for wartime needs.
However, a few copper planchets from the previous year’s production remained in the coining press hopper and were struck with the 1943 dies. This resulted in a small number of pennies being minted in copper, creating a rarity among the vast majority of steel pennies produced that year.
While the error was discovered shortly after production began, a handful of copper pennies managed to slip into circulation. Only a few dozen are known to exist, making this coin a prized possession among numismatists:
1943 Copper Penny
- Metal: Copper
- Year: 1943
Photo by PCGS
2. A prime example of rare error coins, the 1955 Doubled Die Lincoln Cent showcases prominent doubling.
A remarkable rare coin to look for is the 1955 Doubled Die Lincoln Cent, renowned for the prominent doubling effect on its obverse. During the minting process, four of the coin’s main design elements, i.e. President Lincoln’s profile, the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the date, were struck onto it twice instead of once.
This error happened due to a misalignment or misregistration of the coin die during the hubbing. As a consequence, the design elements were impressed onto the coin’s surface slightly offset from their intended position, causing a prominent doubling effect that is easily visible to the naked eye, distinguishing it from regular strikes.
Despite efforts to correct the error, a significant number of these doubled die cents entered circulation, making them highly desirable among collectors for their unique appearance.
1955 1 Cent Doubled Die Obverse
- Metal: Copper
- Year: 1955
Photo by PCGS
3. The 1982 No Mint Mark Roosevelt Dime ranks among rare US coin errors thanks to its notable absence of a mint mark.
Another one of the most intriguing rare US error coins is the 1982 No Mint Mark Roosevelt Dime. Typically, US coins bear a mint mark indicating where they were produced, such as “P” for Philadelphia or “D” for Denver. Mint marks are punched onto the coin die before striking, but in the case of this 1982 Roosevelt Dime, the mint mark was either omitted or the die used lacked the mint mark altogether.
Although the absence of a mint mark on the 1982 dime was unintentional and likely occurred due to a technical error during the minting process, the error’s exact cause remains uncertain. Some numismatists speculate that the absence of a mint mark on some 1982 Roosevelt Dimes could be attributed to the fact that 1982 was a transitional period for US coinage, where the US Mint transitioned from striking coins with a composition of 90% silver to a copper-nickel clad composition.
1982 10 Cents No Mintmark
- Metal: 75% Copper, 25% Nickel
- Year: 1982
Photos by PCGS
4. A prized find among rare US error coins, the 1983-P Washington Quarter is notable for its cud die breaks.
An extraordinary error coin, the 1983-P Washington Quarter with obverse and reverse cud die breaks, is a fantastic addition to any numismatic collection. This coin exhibits distinctive die breaks, or “cuds”, on both its obverse and reverse faces, setting it apart as a remarkable specimen.
The prominent cuds, characterized by raised areas or blob-like features near the edges of the coin, are a testament to the anomalies encountered during the minting process. These remarkable die breaks are believed to have resulted from damage or deterioration to the coin dies.
Beyond its high rare error coins value, this 1983-P Washington Quarter serves as a tangible reminder of the intricacies involved in minting coins, perpetually capturing the imagination of coin enthusiasts.
1983-P Washington Quarter with Obverse and Reverse Cud Die Breaks
- Metal: 75% Copper, 25% Nickel
- Year: 1983
5. A standout among rare mint error coins, the 2000-P Sacagawea Cheerios Dollar showcases a distinct tail feather design error.
The 2000-P Sacagawea Cheerios Dollar is a highly sought-after and valuable error coin that originated from a unique promotional campaign by General Mills. During the launch of the Sacagawea dollar coin, the American multinational food company General Mills distributed a small number of these coins encased in plastic capsules as part of a marketing promotion with boxes of Cheerios cereal.
These coins, often referred to as “Cheerios Dollars,” were minted using a unique method distinct from regular Sacagawea dollars. This resulted in a tail feather design error, noticeably different from the smoother, less defined tail feather pattern found on standard Sacagawea dollars.
Due to their limited distribution and distinct design, these error coins are considered rare and highly collectible among numismatists, representing a unique find for those seeking rare no date Sacagawea coins with errors and more.
2000-P Sacagawea Cheerios Dollar
- Metal: Copper
- Year: 2000
Browse through Blanchard’s extensive selection of rare US error coins here.
Rare mint error coins from all over the world
Shifting our focus to error coins beyond the borders of the United States, these international rarities offer a fascinating glimpse into the intricacies of coin production and the diversity of errors found in global currency.
1. One of the UK’s most coveted rare error coins, the 1983 ‘New Pence’ 2p coin is renowned for its misprinted inscription.
The 1983 ‘New Pence’ 2p coin is one of the most remarkable rare mint error coins in British numismatics. Amidst a transitional period in British coinage during 1982, the Royal Mint was in the process of updating the inscription on the 2p coin from “New Pence” to “Two Pence.” However, a peculiar occurrence arose when a fraction of the 1983-dated 2p coins were inadvertently struck with the outdated “New Pence” inscription instead.
The presence of the incorrect inscription renders the 1983 ‘New Pence’ 2p coin a rare and sought-after piece among collectors, highlighting the evolving nature of British currency during that time.
1983 New Pence 2p
- Metal: Bronze
- Year: 1983
Photo by The Britannia Coin Company
2. With its unusually large date, Canada’s 1969 10 Cents is a standout among rare mint error coins.
The 1969 Canadian 10 Cents coin stands out among Canadian numismatic treasures due to a unique error. Unlike standard issues, some coins from this year feature noticeably larger date digits.
This error likely occurred due to a misalignment or the use of a different die during the minting process. Notably, fewer than 20 examples of this coin exist, making it an exceptionally valuable find for collectors of Canadian rare error coins.
Elizabeth II 10 Cents 1969 Large Date
- Metal: Nickel
- Year: 1969
3. Featuring a distinctive curved clip, the 1981 Curved Clip 10 Cent is a special find among rare error coins.
A significant example of a rare Australian 10 Cent coin error is the 1981 Curved Clip 10 Cent, which features a pronounced curve along the edge, distinguishing it from standard issue of the coin. This anomaly happened when a portion of the coin’s metal strip was inadvertently clipped during minting, resulting in a distinctive curved shape along one edge of the coin. This clipping error is typically caused by the minting equipment improperly feeding the coin strip into the press.
Despite its small size, a curved clip significantly affects the appearance and value of the coin, and collectors eagerly seek out such error coins for their uniqueness, making the 1981 Curved Clip 10 Cent coin highly sought-after.
1981 Ten Cent Curved Clipped Planchet Error
- Metal: Copper Nickel
- Year: 1981
Photo by The Purple Penny
4. One of Australia’s most coveted rare mint error coins, the 2010 Upset Error 50 Cent demonstrates significant striking misalignment.
When it comes to rare australian 50 cent coin errors, the Australian 2010 Upset Error 50 Cent coin exhibits a fascinating anomaly in its design. During its minting process, a 30 degree misalignment of the obverse and reverse dies caused the coin’s design elements to be off-center or tilted. As a result, they appear tilted or askew in relation to the coin’s edge. Collectors are particularly drawn to this unique error for its unconventional and visually striking features.
2010 50 Cent Upset Error
- Metal: Cupro-Nickel
- Year: 2010
Photo by The Purple Penny
Learn more about Australian rare coins here.
5. A unique example of rare coin errors, the 1907 10 Centavos from Mexico features a lamination anomaly.
As one of the most important rare error coins in circulation that the Mexican government is in the process of withdrawing, this 1907 10 Centavos coin is considered a special stand in numismatic circles due to an unusual error. Struck on a laminated planchet, this error is visibly apparent on the coin’s obverse. The lamination process, involving layers of metal bonded together, resulted in a distinct appearance that differs from standard coins of the series, adding to the coin’s appeal.
1907 10 Centavos Lamination Error
- Metal: Silver
- Year: 1907
Photo by NGC Collectors Society
Where to buy rare coins
Error coins, both from the United States and around the world, hold a captivating allure for collectors and enthusiasts alike. From intriguing misprints to die breaks and incorrect planchet composition, each error coin tells a story of its own, showcasing the fascinating complexities of minting processes and the rich history of numismatics.
To enhance your coin collection with rare coins, Blanchard‘s unparalleled offerings are the perfect choice. Consulting Blanchard’s team of experts for further guidance and insights into rare error coins value and more.
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