Gold Worth Millions, Salvaged From a 19th-Century Shipwreck, Is Going on Display in California
In 1857, on the heels of the Gold Rush, the S.S. Central America left Panama and sailed for New York with 30,000 pounds of California gold. A hurricane sent that treasure (and hundreds of the ship's passengers) to the bottom of the ocean off the coast of South Carolina, lost until the wreck's discovery in 1988. After 30 years, we finally have the chance to see the riches in southern California, according to the AP.
After years of controversial legal battles to determine who could claim the treasure, in 2000, Tommy Thompson—who made the discovery—sold his share of the gold to the California Gold Marketing Group for $50 million. The haul included 532 gold bars and thousands of gold coins. Thompson was arrested in 2015 after stiffing dozens of investors who backed his treasure hunting, none of whom saw a dime.
Those investors finally got some of their money back when the California Gold Marketing Group paid $30 million for more of the loot brought up from the wreckage in 2014. Now, that gold up for sale, and even those who can't afford to buy 19th-century gold can take a peek at it. The 3100 gold coins, 45 gold bars, and 80 pounds of gold dust on display at the Long Beach Convention Center in February will give the public a rare glimpse of treasure that spent more than 130 years sitting 7000 feet beneath the ocean's surface.
Before that can happen, geologist Bob Evans, who took part in the original 1988 mission that located the shipwreck, has to clean off the rust and other sediment that encrusted the gold while it sat underwater. The gold on display was recovered during a 2014 dive to the wreck. According to the California Gold Marketing Group, a single coin could sell for as much as $1 million, thanks to its rare and historic nature.
You can see the gold in Long Beach between February 22 and 24, and if you dare, bid on some of it.