Watch List notes:

USA (Philadelphia Mint), Seated Liberty half dollar, 1854, with arrows, NGC Shipwreck Effect / SS Republic. Only 338 Philadelphia-minted 1854 halves were found aboard the SS Republic, a small fraction when compared to the 3,434 New Orleans-minted halves that were salvaged. XF with light surface corrosion, some areas of original luster including most of the reverse. Recovered from: S.S. Republic, sunk in 1865 off Georgia.

Estimate: $350 - $500