What do you think of the "Shipwreck Effect" coins from the SS Republic?

[goose3]

an example on DLRC

 

I think they are somewhat intriguing, but not sure they are 1,000.00 intriguing.

[JamminJ]

They do nothing for me. For that kind of dough couldn't you buy a nice undamaged seated half?

 

-JamminJ

[Wihlborg]

I'll pass, Thank you.

 

John

[Hoot]

"...the value lies in the history more so than the numismatic quality of the coin."

 

Well I reckon that says it all! No need to buy the coin, since the history is free!

 

Hoot

[michael]

a huge pile of product to sell

 

HUGE

 

and when you got this huge quantity you first need to start off by selling the lowest numismatic quality first

 

as if you sell the better numismatic quality coins first then it is extremely hard to market the lower quality numismatic stuff

 

 

most of the value of these coins are in the promotion and historical context as such

 

sounds like somebody is getting a good deal but on which end

 

michael

[TomB]

That's an awful lot of "push" to try to sell that coin! This may be quite interesting to any number of people, especially those with a certain amount of disposable income and that have a strong interest in history or the sea. For me, however, and I would suspect for most numismatists, the coin doesn't do much. I would pass nine times out of nine.

 

Hey JamminJ, cool new sig pic!

[thebeav]

I've always figured a cull is a cull.....

Paul

[EZ_E]

"...the value lies in the history more so than the numismatic quality of the coin."

 

Well I reckon that says it all! No need to buy the coin, since the history is free!

 

Hoot

 

I love your thinking, Hoot!

 

 

 

a huge pile of product to sell

 

HUGE

 

and when you got this huge quantity you first need to start off by selling the lowest numismatic quality first

 

as if you sell the better numismatic quality coins first then it is extremely hard to market the lower quality numismatic stuff

 

Makes perfect sense, Michael. You know, you know enough about marketing to start your own TV Coin Shopping Network.

 

 

Call it Michael's Money Madness or something of the sort.

[michael]

victor cool dog!!!!

 

the owner i bet is lots of trouble

 

well for me i would love to do some coin shopping thing on the boob tube but i would only sell great coins that were opportunities and values

 

it would be impossible to get even the smallest quanity of such coins on a regular basis to sell and i would be bankrupt in short order

 

 

 

michael

[Leothelion]

Hey! That's a bargain when compared to this seller's auctions!

 

The shipwreck effect probably comes into play after the buyer finds out the coin ain't worth half what he paid! The DVD probably has some ocean wave sounds to calm the buyer!

 

Leo

[Wihlborg]

 

John

[pmh1nic]

I agree with those that said the value is more in the history versus the numismatic value of the coins.

[Morgannut]

Gee whiz that's a lot of money to pay for a history channel video! The bust halves are worth between $60 and $200 I guess, so how much is the shopping network getting on their end??? Pretty sad.

[ClassicsRule-migration]

I didn't buy any of the SSCA coins and I'm glad I didn't. It was all momentary hype with no staying power. A truly historic find, yes. But the market interest is down without the major marketers no longer pumping millions into publicity (since they sold it all) and the stuff is now cheaper on the secondary market. The same thing will happen here. This material will never be rare and the prices can only go down.

 

It's kinda like the "QVC Law" - any coin with too much marketing money behind it is usually not worth buying.

[Leothelion]

They could make it interesting if they'd throw in a 1855-S, 1856-S or 1857-S or any other of the low mintages of the era but we know that's never going to happen!

It is history though and there are some folks out there who will eat this stuff up.

 

But if you're really into this kind of thing, go buy a book, a decent coin and a model ship that you could glue together, you'll likely get a better adventure effect!

 

Leo

[Oldtrader3]

Nice try, but no grade, no buy!

[Architecht]

That's an awful lot of "push" to try to sell that coin! This may be quite interesting to any number of people, especially those with a certain amount of disposable income and that have a strong interest in history or the sea. For me, however, and I would suspect for most numismatists, the coin doesn't do much. I would pass nine times out of nine.

 

Hey JamminJ, cool new sig pic!

 

Yah, depends on your interests, I guess. I bought some Roman coins that aren't worth much, just because the idea of handling the coins and imagining whose hands they had been in and what they had seen was cool as hell to me.

[the_Thing ®]

The "shipwreck effect" is nothing more then a kinder way of saying the coin was cleaned and shows some corrosion. I've collected shipwreck coins for years, everything from the Atocha to the Rill Cove Wreck, and the term "shipwreck effect" didn't exist until these coins were marketed. If you really want some history, I'll sell you some Atocha coins for $150.00.

[scroll]

I don't have the means to buy these anyways, so the temptation to buy is no real temptation at all. OTOH, by the time I "might" be able to afford some the market will likely correct the value to something more reasonable. Of course, the previous owner will probably have played the video to death by then trying to get some value out of the deal.