1847-O Gold Eagle NGC AU58 SS Republic. This is an issue that is much underrated in the current market. Although the mintage is much smaller than the Philadelphia issue of the same year (571,500 versus 862,258) the prices are about the same in AU and Mint state. However, the New Orleans coins circulated more in Antebellum America, making coins in higher grades scarce.

This coin has been recovered from the shipwreck of the SS republic, as is identified by the blue NGC label and accompanying box. While many issues were included, in particular double eagles, this issue was only represented by a few examples. With all coins from the SS Republic now been distributed, the population of higher grade coins is not going to increase much during the next few years.

The present offering represents a coin that is just a tiny bit of wear short from an uncirculated grade. Sharply struck, and uncommon as such, with wonderful and original green-gold color. This coloration is not often found on these shipwreck coins after conservation. Prooflike surfaces appear on the fields, which are free of any distracting marks or other problems. A great and storied example of this scarce issue.