- TAMPA, Fla (Business Wire)
-- Tens of thousands of gold and silver United States coins are being recovered
from the shipwreck of the SS Republic in what could prove to be the most
valuable coin collection ever to come to market. Archaeological excavation
of the Republic is currently being conducted by Odyssey Marine Exploration
(AMEX:OMR) of Tampa, Florida. Numismatic Conservation Services (NCS) and
Numismatic Guaranty Corporation (NGC) have been awarded an exclusive contract
to perform conservation, grading and encapsulation of these coins for the
numismatic market.
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- The SS Republic was a sidewheel steamship that foundered
in a hurricane while enroute from New York to New Orleans in 1865. Reportedly
carrying $400,000 in gold specie when she sank off the coast of Georgia
to a depth of 1700 feet, Republic is being carefully excavated under the
direction of Odyssey's project archaeologist, Neil Cunningham Dobson. The
coins are receiving exceptionally gentle treatment, each piece being lifted
from the sea bed with a specially designed, soft silicone limpet to preserve
their delicate surfaces.
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- Full article... http://framehosting.dowjonesnews.com/sample/samplestory.asp?
StoryID=2003122214060007&Take=1
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