SS Central America/$20.00 gold coins

SS Central America/$20.00 gold coins

Post by HVanag » Tue, 08 Jul 1997 04:00:00



I need help in finding out if any of the gold coins from the shipwreck, SS
Central America, are available.  The ship sank in 1857 and was carrying
fresh minted coin from California. It was found in 1988 in 8000 feet of
water and was salvaged.  I know there was a great deal of litigation over
ownership of the treasure.  If anybody has any info.  it would be greatly
appreciated.  Please e-mail me at

Hank

 
 
 

SS Central America/$20.00 gold coins

Post by John Ston » Tue, 08 Jul 1997 04:00:00


Quote:

> I need help in finding out if any of the gold coins from the shipwreck, SS
> Central America, are available.  The ship sank in 1857 and was carrying
> fresh minted coin from California. It was found in 1988 in 8000 feet of
> water and was salvaged.  I know there was a great deal of litigation over
> ownership of the treasure.  If anybody has any info.  it would be greatly
> appreciated.  Please e-mail me at

> Hank

Has this case been completly resolved?  I know there was a court
case about it and the judge ruled in favor of the treasure seekers
over the govt.  John S.

 
 
 

SS Central America/$20.00 gold coins

Post by smit.. » Tue, 08 Jul 1997 04:00:00


The latest information after Breen is Bowers new book on coin treasures,
which include a chapter to the Central America and other major wrecks of
the 19the century.

 
 
 

SS Central America/$20.00 gold coins

Post by Brian Kolle » Tue, 08 Jul 1997 04:00:00


Quote:
> I know there was a great deal of litigation over
> ownership of the treasure.

The litigation is still ongoing.  Insurance companies are
trying to get a percentage of the proceeds, but they must
prove to the court that they (or their parent firms)
paid claims on the original shipwreck.

There was an article written by Breen in an issue of
the Numismatist about this wreck.  There is a large
number of gem 1857-S double eagles, undamaged due to
the recovery method and cool water temperatures, in
this hoard according to Breen.

 
 
 

SS Central America/$20.00 gold coins

Post by Alan Herbe » Wed, 09 Jul 1997 04:00:00


The most recent litigation over the SS Central America involved the
treasure firm and the insurance companies who claimed the cargo on the
basis of newspaper stories of the time. The judgement was in favor of the
salvors, with less than 10 percent to go to the insurance companies. This
is still being appealed. The salvors announced that none of the cargo of
gold coins, bullion, etc. would go on sale until the matter is completely
resolved.

Alan Herbert - Contributing Editor - Krause Numismatic Publications