I read the wonderful book "Ship of Gold in the Deep Blue Sea" and
learned recently that some of the treasure miraculously recovered is
being offered for sale.
Blanchard (www.blanchardonline.com) is offering double eagle gold
pieces minted following the California gold rush, which went down with
the ship, and were recovered several years ago. They are priced at
between $2000 and $15,000 each, depending on condition, with the
understanding that these are all essentially perfectly preserved in
the condition they were about 150 years ago when they hit the bottom
of the sea. I suppose some damage may have occurred upon robotic
retrieval, but the book will tell you the clever schemes to avoid such
I am not affiliated at all with Blanchard (and to prove it, I won't
list the 800 number one calls to get the info packet; the web site has
no info on these coins) I don't even know if Blanchard is the main
seller, of they just got a piece of the action, and there may be
better places to buy.
I am not an experienced collector, and don't want to get sucked into a
price that a knowledgeable collector would think foolish. Are they
priced fairly with respect to the collector's market, or are they
pricing them at a vast premium compared to coins of comparable
condition (if any)? I can live with a modest premium, and some profit
to pay for the seller's marketing efforts, but not much more than 20%
over what I could resell it for on eBay.
Should a buyer be concerned about them dumping more coins on the
market and keeping prices down?
Bennet K. Langlotz