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shipwreck
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   Welcome to the NGC chat board. As this forum is for questions regarding the NGC Registry, you should have posted this question under the "Newbie Coin Collecting Questions" forum or the "U.S., World, and Ancient Coins" forum, preferably with a clear photo of the item in question.

   I assume that you are referring to an environmentally damaged coin from a shipwreck that NGC has encapsulated with the designation "Shipwreck Effect". For NGC's explanation, see the following NGC website page: Shipwreck Coin Effect Designation Guide | NGC (ngccoin.com) 

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