Thousands of Double Eagle Gold Coins Found Off SC Coast Posted by Brian Ford on July 28, 2014
Over 13,000 gold and silver coins were recently scavenged from a shipwreck off the South Carolina coast, but despite the buzz surrounding the potentially priceless collector gold coins analysts believe the haul should have little to no effect on the gold coin investment market as a whole.
“Occasionally a large stash of Double Eagles will turn up in Europe, as many of those coins were shipped to Europe as contraband in 1933 when the gold confiscation order went live,” said Certified Gold Exchange analyst Jeff Rise. “The coins found in the SS Central America, however, will be more interesting to collectors of artifacts than to gold investors.”
The SS Central America was bested by a hurricane in 1857, and it is believed that the majority of the Liberty Head $20 pieces that went down with the ship are dated from 1823 to 1857. In addition to the $20 gold coins that were recovered this week, the crew of Odyssey Marine Exploration also recovered a number of $10, $5, $2.50 and $1 gold coins. It is not yet known if any of the coins are in Mint State condition, but the historical significance of the coins would most likely grant them instant collectible status.
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