Watch List notes:

USA (Philadelphia mint), half dollar seated Liberty, 1862, encapsulated NGC SS Republic Shipwreck Effect. Slightly hazy appearance from light corrosion but with strong details remaining, particularly on the eagle, a very rare date (only 137 recovered) from the S.S. Republic. Q. David Bowers reports in "The SS Republic Shipwreck Excavation Project: the Coin Collection" that "just 489 coins range between 1831-52 (1%), with the majority of 41,671 spanning the years 1853-61 (88.2%), with the greatest peaks in volume evident for the years 1858 (9,587) and 1861 (14,158). A sharp decline is witnessed for the period 1862-65, which is represented by just 338 issues (0.7%), of course reflecting disruptions in production and circulation during the American Civil War (1861-65)." A table in the report shows that just 185 halves from 1862 were recovered: 137 from the Philadelphia mint and 48 from the San Francisco mint. NGC #1797743-011. With salvager's certificate. S.S. Republic, sunk in 1865 off Georgia

Estimate: $700-1000