Saturday, September 13, 2014

More Gold from SS Central America

More than 2,900 gold coins and 45 gold ingots have been recovered from the shipwrecked S.S. Central America since an archaeological excavation began in mid-April, Odyssey Marine Exploration, the company contracted to dive to the site, revealed on a report published Tuesday.

The S.S. Central America sank off the Carolina coast in 1857, at the height of the California Gold Rush, when it sailed into a hurricane. It had departed, days earlier, from Panama, with roughly 580 passengers who were carrying with them an unknown amount of gold. Estimates for the total gold cargo range between three and 21 tons of gold.

In March, Odyssey Marine Exploration was awarded an exclusive contract to recover the remaining treasure from the shipwreck. The publicly traded, Tampa, Florida–based company is slated to receive 80 percent of recovery proceeds up to a fixed fee and 45 percent thereafter.

In June, Chief U.S. District Judge Rebecca Beach Smith ordered an expert to supervise the U.S. Marshals’ handling of the artifacts pulled up from the wreck. The deep-ocean shipwreck exploration company has published four reports since it took its first dive to the S.S. Central America four months ago, including lists of the number and type of coins found.

One of the SS Central America's paddlewheels.

See ----->
See ----->