Even though the exact date has not been released from the Professional Coin Grading Service (PCGS) they have announced that they expect to finish grading the coins sometime in March 2018. The latest salvage from "Ship of Gold," the name given to the steamship that had an unfortunate run in with a hurricane off the coast of the Carolinas sinking on Sept. 12, 1857 to a depth of 7,200 ft., includes coins found to still be in excellent condition.
Even though this latest batch of coins hasn't been released for sale yet, they have been put on display for numismatists, historical buffs, and those curious to partake in an interactive experience for all to enjoy. The debut of these extraordinary coins was held at the EXPO in Long Beach, which occurred last week at the Long Beach Convention Center from February 22 until February 24. Not only were there many gold coins to be seen, but gold bars, and gold dust recovered from the S.S. Central America were also on display.
The extent of what exists at the bottom of the ocean 7.200 feet deep has not been revealed by the the California Gold Marketing Group LLC, but what we do know is that they have insured the latest exhibited portion for an incredible $40 million! This is creating a great buzz around the next release, as collectors and numismatists around the world are waiting with bated breath. All are anxious to own a piece of this tragic historical tale, which was the worst passenger ship disaster of its day. Not only did it literally lose tons of gold coins, but a horrendous loss of life where 425 of the 579 crew members were lost.
It is rare to discover a treasure in such remarkable condition, let alone the epic story that is associated with it. Part of the story is also the salvage itself and the great care to process every specimen; encapsulating each coin so that they remain air-tight and protected from any damage, documenting the exact location each coin was found and treating the entire shipwreck as an archeological site.
If you would like to find out more about rare coins then contact one of our Rare Coins Advisors at Austin Rare Coins & Bullion. Feel free to call us at 1-800-928-6468 with any or your questions. We are happy to help you procure your next rare gem for your collection!