Price: 5,200.00 - SOLD - 6/07/2012* Free Shipping and Insurance for coins at $10K or above.
1860 Double Eagle Republic - 1860 Republic $20, NGC AU55. This Choice AU 1860 Double Eagle comes with a box and blue tag showing the provenance of the shipwrecked Republic. The coin is well struck with full details on the centers of the stars and the design details of the reverse. Just a trace of wear shows on the highest points; the surfaces are original and clean for the grade. The coin is reflective with bright mint luster on covering most of both surfaces.
James B. Longacre designed the double eagle. It shows a Liberty head facing left wearing coronet inscribed LIBERTY. Her hair is tightly tied in the back with two loose curls hanging down her neck to the end of the truncation. She is surrounded by thirteen six pointed stars with the date below. Dentils are near the edge on both sides of the coin. The reverse shows a heraldic eagle with elaborate ribbons on both sides of the shield extending from the top corner down to the eagles tail feathers. The ribbons are inscribed, on the left E PLURIBUS and UNUM on the right. The ribbons were added to the design to symbolize the denomination since this was the first twenty dollar coin. There is an oval of thirteen stars above the eagles head and an arc of rays from wing tip to wing tip behind the upper half of the oval. UNITED STATES OF AMERICA is in an arc above the eagle, and the denomination TWENTY D. is below.
In 1865 the Republic 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 had been untouched for 138 years approximately 100 miles off the coast of Georgia. Lost Gold of the Republic, a film produced by National Graphic documents the discovery and recovery. The coins recovered from the S.S. Republic are labeled as such by NGC and its affiliate NCS not only to note the historic significance of the coin, but also to indicate that these coins have been professionally conserved. The blue NGC tag was used exclusively for coins from the Republic.
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