Home Science Sunken treasure: Rare coins recovered from 1857 Gold Rush shipwreck

Sunken treasure: Rare coins recovered from 1857 Gold Rush shipwreck

9 uncommon silver quarters recovered from the wreck of a steamship that sank carrying treasure from the California Gold Rush are set for public sale.

The quarters, minted in San Francisco in 1856, have a big “S” mint mark over a small “S.” They have been recovered in 2014 from the wreck of the SS Central America, which sank in a hurricane off the coast of North Carolina on Sept. 12, 1857.

Dubbed “the ship of gold,” the SS Central America was carrying tons of Gold Rush treasure when she sank.

RARE 1838 HALF-DOLLAR COIN SOLD FOR $504G

The cash have been being transported from San Francisco to New York, through Panama, when the Central America sank. “These apparently got here from a batch of cash introduced aboard by a California Gold Rush-era miner and ended up within the ship’s protected together with the miners’ pokes (packets containing gold and/or cash),” stated their proprietor Dwight Manley, managing associate of the California Gold Advertising Group, in a press release.

The uncommon quarters have been recovered from the wreck of a steamship that sank carrying treasure from the California Gold Rush.
(Picture courtesy of Skilled Coin Grading Service www.PCGS.com)

Such was the impression of the “the ship of gold’s” sinking that her loss contributed to the 1857 monetary panic that gripped the U.S., in response to the California Gold Advertising Group.

The cash can be auctioned by Ira & Larry Goldberg Cash & Collectibles between Feb. 16 and Feb. 20, 2020. Pre-sale estimates worth the cash at $2,000 to $25,000 every, relying on their situation.

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“Silver cash that have been discovered within the purser’s bag in a lock field contained in the ship’s protected survived 157 years within the Atlantic Ocean with out the corrosion seen on most silver cash discovered on shipwrecks,” stated Bob Evans, chief scientist on the 2014 restoration effort, in a press release. “That is undoubtedly because of the oxygen-starved (anaerobic) circumstances inside the protected. It was not water tight, but it surely primarily sealed off the inside surroundings and its chemistry from the skin seabed surroundings.”

A close up of the the large S over small s mint mark on one of the nine coins. (Image courtesy of Professional Coin Grading Service www.PCGS.com)

A detailed up of the the big S over small s mint mark on one of many 9 cash. (Picture courtesy of Skilled Coin Grading Service www.PCGS.com)

Evans was additionally chief scientist on the mission that first positioned a number of the ship’s sunken treasure within the 1980s.

Uncommon cash are huge enterprise. A particularly uncommon half-dollar coin from 1838, for instance, just lately bought at public sale for $504,000.

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An 1894 dime, one in all solely 24 minted and as soon as owned by former Lakers proprietor Jerry Buss, just lately bought at public sale for $1.32 million, together with the client’s fee.

Comply with James Rogers on Twitter @jamesjrogers

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Cisco Ramon
Cisco Ramon is Science expert. He is a science enthusiastic from his childhood day. To live his lofe he has choosen to be a science journalist and started his careen with Trevino to provide all the latest news from science world.

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