Marine Exploration announced on May 5, 2014, that it has recovered
nearly 1,000 ounces of gold during the first reconnaissance dive to
the SS Central America shipwreck site on April 15.
to the firm's press release, the gold recovered
included five gold ingots and two Coronet $20 double eagles. One dated
1850 and another dated 1857-S.
SS Central America was a 280-foot wooden three-masted
side-wheel steamship launched in 1853. It sank off the coast of South
Carolina on Sept. 12, 1857. Recovery operations occurred between 1988
April 2014 dive itself took two hours and is being conducted by
Odyssey under contract with the receiver of Recovery Limited
Partnership. Odyssey announced the decision on March 3,
2014. The excavation, recovery and conservation will be conducted
by Odyssey on behalf of the partnership. In return, Odyssey will
receive 80 percent of recovery proceeds until a fixed mobilization fee
and a negotiated day rate are paid. Thereafter, Odyssey will receive
45 percent of the recovery proceeds.
Evans, chief scientist and historian for Recovery Limited Partnership,
said, "This dive confirms for me that the site has not been
disturbed since 1991, when I was last there."
Read Coin World's past reporting on the SS
Central America for additional background on
the contested history of this shipwreck.
the March 3 announcement, Ira Owen Kane, the court-appointed receiver
who represents Recovery Limited Partnership, said, "After
conducting an exhaustive review of the extensive amount of historical
research available on the shipwreck, our experts estimate the
shipwreck still holds a commercial shipment of gold that was valued at
approximately $93,000 in 1857, as well as a substantial amount of
passenger gold valued in 1857 between $250,000 and $1,280,000.”
other treasures lie at the site? Follow this story as it develops with