Rare 50-cent coin recovered from shipwreck sells for $ 292

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A RARE 50-cent coin recovered from a shipwreck sold for $ 292 online.

The half-dollar coin in circulation was from the SS Republic, a ship that sank off the coast of Georgia in 1865.

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This rare 50 cent coin was recovered from a shipwreck that sank in 1865Credit: eBay
The coin sold for $ 292 after racking up 34 bids

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The coin sold for $ 292 after racking up 34 bidsCredit: eBay

The ship, which contained thousands of half-dollars of Seated Liberty, was on its way to New Orleans when it was hit by a hurricane.

Because the coins were stacked in barrels, they were not corroded by salt water like other silver coins.

This means that the details always remain on the coins, according to Rarecoins.com.

This could explain the high price on eBay, where it sold for $ 292 on September 18.

The 1859 coin was listed by a seller in Florida and garnered 34 offers from avid collectors.

The coin had a starting price on eBay of just $ 0.99.

The Liberty Seated half-dollar coins were recovered in the early 2000s during a salvage effort.

The Numismatic Guaranty Corporation (NGC) then certified each coin as a “sinking effect” meaning all the details are evident.

However, the surfaces may vary depending on the exposure of each piece to salt water.

The Seated Liberty half dollar was the second version of the 50 cents ever produced.

First introduced in 1839, it came after the fall of a half dollar and then remained in production until the end of the 19th century.

Is your small change precious?

IF you think you have a rare coin, you might be able to make a real mint.

The most valuable coins are usually those with a low mintage or error, as they are considered the most valuable by collectors.

To find out if your small change can be worth a fortune, check the selling price of specific coins on eBay.

Search for the full name of the part, select the “sold” listing, and then switch the search to “highest value”.

This will give you an idea of ​​how much money the coin is intended for.

You can choose to sell the coin on eBay or through a specialty site such as Coinappraiser or USA Coin Book.

If you choose eBay, remember to set a minimum price that is greater than or at least equal to the face value of the coin – or you will suffer a loss.

You should also be aware that even if your part “sells” on eBay for a high price, there is no guarantee that the buyer will pay.

In its terms and conditions, eBay states that bidders enter into a “legally binding contract to purchase an item,” but there is no way to enforce this rule.

The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy.

While you can find the Sitting Liberty half dollar in your wallet, you might have a hard time spotting which ones came from the shipwreck.

These are currently on sale through Austincoins and Rarecoins for $ 495 each.

Meanwhile, Seated Liberty half-dollar prices typically range from $ 20 to $ 1,000, according to JM Bullion.

In other words, you could make a mint if you spot one of the pieces.

Earlier this month, a rare Lincoln penny coin sold for $ 325 on eBay.

Meanwhile, a 25-cent error coin sold for $ 599 earlier this summer – and you might find a similar one in your spare currency as well.

We rounded up the most valuable US coins with a value of up to $ 10,633.

Rare coin dealer claims raiders stole £ 500,000 collection from his hotel suite at Park Lane Hilton in London

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