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Market Analysis: SS 'Central America' gold

The "Ship of Gold" SS Central America is well known as the "Ship of Gold". It traveled reliably from the Panama Railroad's eastern end to New York, before being struck by a hurricane on Sept. 11, 1857 and sinking the following day.

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Market Analysis: SS 'Central America' gold

425 people were killed and millions in gold and silver were lost. Thousands of gold coins have been brought to market since the discovery and subsequent recovery of its treasure over the past several decades.

Professional Coin Grading Service produces large holders that are large enough to hold coins from treasure. GreatCollections offered an 1857 S Coronet gold $20 double eagle, Spiked Shield variety. It was graded Mint State 64 and came with a green Certified Acceptance Corp. sticker. The slab included gold dust from the treasure, and a label from Bob Evans, the chief scientist of the recovery operation, which certifies that the coin, and the gold dust, were recovered from the SS Central America.

It was sold on July 25th for $10,968.85

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