1849 $10 (1849 Eagle) SS Republic, NGC Founders. Although ungraded, the provenance and authenticity of this shipwrecked 1849 Eagle are confirmed by NGC. Significant amounts of bright mint luster are seen within the devices of the coin. About half of the stars centers are full as is the hair on top of Libertys head, the eagles neck and lower feathers.

Christian Gobrecht designed the Coronet gold eagle. The obverse shows Liberty facing left wearing a LIBERTY inscribed coronet with her hair tied in the back in beads. Two long curls hang down her neck, one in the back and the other on the side. She is surrounded with thirteen six-pointed stars. The date is below the truncation, which shows no drapery. The motif is taken from a Benjamin West painting of Venus. It was also used with modifications for the Large Cents of 1839. The reverse shows a heraldic eagle with outstretched wing looking to the left. On its chest is the Union shield. In its talons it holds the olive branch and arrows. The error in the previous issue, Scots eagle held the arrows and the olive branches in the wrong talons, is corrected. Except for the tips of the eagles wings UNITED STATES OF AMERICA surrounds the reverse, separated from the denomination TEN D. by dots. Dentils are near the edge on both sides of the coin, and the edge is reeded.

During the California Gold Rush, the S.S. Republic, then called the Tennessee, was used to transport miners to the shores of Panama and Nicaragua to travel to the California gold fields. For several years the ship was used to transport immigrants to the United States from Mexico. In 1865 she sank in a hurricane off the coast of Savannah. In 2003 the Odyssey Republic Expedition, after twelve years of searching, discovered and began the recovery of the ships treasure. The cargo of riches had lain for 138 years approximately 100 miles off the coast of Georgia. Lost Gold of the Republic, a film produced by National Geographic documents the discovery and recovery. The coin has been encapsulated with NGCs special label, which has been used only for coins from the S.S. Republic.