S.S. Central America

S.S. Central America

Post by D. M » Fri, 17 Jan 2003 23:35:09



Will the $50 Kellogg re-strikes hold their value? what are your thoughts?
Once the bars were melted down, doesn't the gold lose most of it's
historical significance? I would love to obtain one of the original $20 gold
double eagles that laid at the bottom of the sea for over a century, but I'm
doubtful of the long-term value of the modern re-strikes.

For a fun read, "Ship of gold in the deep blue sea" is a great tale of the
shipwreck and recovery.

 
 
 

S.S. Central America

Post by Bruce Hickmo » Fri, 17 Jan 2003 23:56:51



to have written:

Quote:
>Will the $50 Kellogg re-strikes hold their value? what are your thoughts?

IMO, no. They are very nice looking and worth more than Bulion, but I don't
think a coin on Ebay would bring anywhere near the issue price even now.

Quote:
>Once the bars were melted down, doesn't the gold lose most of it's
>historical significance? I would love to obtain one of the original $20 gold
>double eagles that laid at the bottom of the sea for over a century, but I'm
>doubtful of the long-term value of the modern re-strikes.

IMO, yes. The reason behind it was that serveral of the larger gold bars simply
wouldn't sell for what they wanted. So they melted those bars down and made the
restrikes. Which resulted in a nice profit. They shaved the face of these bars
off before melting and sold those, so at least the identifying marks from the
minter are mostly intact. I'd rather have one of the small bars than one of the
faces. And I'd rather have one of the faces than one of the restikes.

Anybody have any data of reselling prices for the restrikes?

Bruce

 
 
 

S.S. Central America

Post by Eldon Wakefiel » Sat, 18 Jan 2003 05:20:14


Hey Guys

We thought this was interesting as This William was my Great Grand Father's
oldest son and we do have this documented and the Newspaper article on the
sinking of the ship. all people was lost/

WILLIAM8 WAKEFIELD, b. Abt. 1822, Wittcher's Crossroads, Smith County TN14;
d. September 12, 1857, Atlantic Ocean sinking of Ship "Central America"

Notes for WILLIAM WAKEFIELD:
William had gone to California during the time of the gold rush. Apparently
after making his fortune, he drowned in the Atlantic when the ship "Central
America" sank (9/12/1857) about 200 miles off the South Carolina coast. This
ship was carrying huge sums of gold bullion from California, and it's
sinking caused a major financial crisis for the United States.

More About WILLIAM WAKEFIELD:
Fact 10: Returning from Gold Rush in CA, died when ship sank.

 historical significance? I would love to obtain one of the original $20
gold
double eagles that laid at the bottom of the sea for over a century, but I'm
doubtful of the long-term value of the modern re-strikes.

 For a fun read, "Ship of gold in the deep blue sea" is a great tale of the
 shipwreck and recovery.

--
Eldon Wakefield


http://rcoin1.tripod.com/

 
 
 

S.S. Central America

Post by Eldon Wakefiel » Sat, 18 Jan 2003 05:25:12


Hi John

 For a fun read, "Ship of gold in the deep blue sea" is a great tale of the
shipwreck and recovery.

Where is this article located?
--
Eldon Wakefield


http://rcoin1.tripod.com/

 
 
 

S.S. Central America

Post by Ed. Stoebena » Sat, 18 Jan 2003 13:35:41



Quote:

>Anybody have any data of reselling prices for the restrikes?

Heritage's September 2002 sale, lot 9016: $4,025

A specimen in Bowers' January 2003 sale appears to not have sold;
don't know what the maximum bid was.

--
Ed. Stoebenau
a #143