S.S. REPUBLIC NEW ORLEANS O MINT 3 GOVERNMENT SEATED LIBERTY HALF DOLLAR SET

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Price: $3,495.00
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Item Number: NK10687
S.S. REPUBLIC NEW ORLEANS O MINT 3 GOVERNMENT SEATED LIBERTY HALF DOLLAR SET

Rare Civil War Era coins struck by the U.S. Mint, the State of Louisiana and the Confederate States of America all in the same year!

This rare Civil War era coin collection comprises three large Seated Liberty half dollars all struck at the New Orleans Mint by three different governments—the United States, the State of Louisiana and the Confederate States of America —all having operated the mint at one point during the first year of the Civil War.  The coins in this historic collection have the extra pedigree of being part of the largest treasure trove of U.S. coins in history. 51,000 coins and over 14,000 artifacts were recovered from the SS Republic shipwreck, a Civil War-era side-wheel steamship en route from New York to New Orleans that sank in 1865 after battling a hurricane for two days.
 
The New Orleans Mint in Louisiana was the only Southern Mint to survive the Civil War. The Dahlonega and Charlotte Mints ceased production of coins in 1861 when the States of Georgia and North Carolina left the Union and joined the Confederacy. They never minted coins again. The State of Louisiana operated the New Orleans Mint from February 1861 and produced coins for about a month before it joined the Confederate Sates of America who minted coins until April 30, 1861.
 
NGC has authenticated your coins and certified that each coin die is attributed to the Union, State of Louisiana or the Confederate States of America. NGC has created three special coin holders guaranteeing the provenance of each issue.
 
Seated Liberty half Dollars
 
The design  features a  portrait of Lady Liberty seated on a stone, with a heraldic shield marked “Liberty” in her right hand and a pole with a liberty cap on the top in her left. The reverse depicts an eagle similar to that on earlier half dollars. Issued from 1839 to 1891
 
Six design changes or varieties of Seated Liberty half dollars were issued. In the first year, 1839 an extra piece of drapery was added to Lady Liberty’s left elbow. In 1842 letters on its reverse were increased in size.
 
In 1853 the weight on the coin was reduced by seven percent. The California gold rush of 1849 set up a dynamic where silver coins were more valuable than gold coins. Two-hundred half dollars melted into bullion would buy not $100 in gold but $106.60. This gold could then be exchanged at face value for more silver coins. By 1853 silver coins had a higher metal value than monetary value and melting was widespread.
 
To make the public aware of this a new design was issued with arrows at the date and rays around the eagle. In 1854 the rays were removed from the design because striking issues with the crude steam presses used at that time.
 
A decade later, in 1866, the motto “In God We Trust” was added to the reverse design in a ribbon above the eagle.
 
In 1873 and 1874 arrows were once again added to the design, this time to let the public know an increase in weight to the original size.


Specifications

• Date: 1861
• Metal: 37.32 grams silver
• Purity: .900
• Diameter: 30.6 mm
• Grade/Condition: NGC Shipwreck Effect
• Mint Mark: O – U.S./LA/CSA.
• Service: NGC