NCS & NGC to Feature Select SS Republic Coins

Posted on 4/1/2004

Numismatic Conservation Services (NCS) and Numismatic Guaranty Corporation (NGC) have been authorized by Odyssey Marine Exploration, Inc. (Amex: OMR) to release information about select coins being recovered from Odyssey’s SS Republic shipwreck site.

Numismatic Conservation Services (NCS) and Numismatic Guaranty Corporation (NGC) have been authorized by Odyssey Marine Exploration, Inc. (Amex: OMR) to release information about select coins being recovered from Odyssey’s SS Republic shipwreck site. NCS and NGC will be periodically providing information and photos to the press to highlight specific coins of interest to the numismatic market.

The first coin profile showcases the condition census 1854-O $20 gold piece. The information is also available as the “SS Republic Featured Coin” area on the NCS and NGC Web sites, www.ncscoin.com and www.ngccoin.com, the Odyssey Web site, www.shipwreck.net, and Dr. Donald Kagin’s Web site, www.kagins.com.

NCS and NGC have been awarded the exclusive contract to conserve and grade the thousands of coins being recovered from the 1865 shipwreck of SS Republic. Among the coins already recovered are numerous gold eagles, gold double eagles, silver half dollars and even a few quarters, nearly all dating between the 1840s and 1865. Unlike other recently salvaged shipwrecks, a wide variety of dates and mints have been noted in this find. Based on the pieces recovered thus far that have been professionally conserved by Numismatic Conservation Services (NCS) and graded and encapsulated by Numismatic Guaranty Corporation (NGC), this collection already includes several finest-known examples of United States gold and silver coins from the period.

The SS Republic was a side wheel steamer that sank in 1865 while en route from New York to New Orleans after battling a hurricane for two days. Odyssey discovered the shipwreck 1,700 feet below the surface of the Atlantic Ocean approximately 100 miles off the Georgia coast.

NCS and NGC combined are a complete numismatic service organization: NCS is the only professional conservation service specializing in coins and other numismatic items and is the Conservation Service of Choice for the American Numismatic Association (ANA). NGC is the largest independent coin grading service in the world, having certified more than 10 million collectable coins, and is the Official Grading Service of the American Numismatic Association (ANA) and the Professional Numismatists Guild (PNG).

Odyssey Marine Exploration is an American Stock Exchange Company (Ticker symbol: OMR) with several shipwreck projects in various stages of development throughout the world, including the SS Republic and HMS Sussex projects. Additional information about Odyssey, its projects and equipment is available at www.shipwreck.net.