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More treasure goes to Long Beach

This 1857-S double has spectacular toning after 157 years at the bottom of the sea. Professional Coin Grading Service PCGS Co-Founder David Hall said, “I’ve never seen a gold coin like this in over 50 years of being involved in numismatics.” (Christina Good Professional Coin Grading Service photo)

Can you believe another $40 million of sunken treasure has been recovered from the S.S. Central America?

If you are ready to drool over it as I am, be sure to attend the Long Beach Coin, Currency, Stamps & Sports Collectible Expos Feb. 22-24 where it will be on display. Once again marketing impressario Dwight Manley is in charge.

He is managing partner of the California Gold Marketing Group.

In 1999 he had acquired the initial and larger portion of the treasure for over $100 million, according to the ANA.

About the additional treasure, Manley says, “For insurance purposes, we’ve estimated the display’s value at $40 million, but these extraordinary treasures are priceless.”

Manley has revived the “Ship of Gold” display, which is set to house the treasure trove.

Longtime collectors might remember this ship-shaped and ship-shape display.

It will showcase many of the 3,100 gold coins, more than 10,000 silver coins and 45 gold ingots that have been held in secure vaults since they were retrieved from the ocean floor four years ago.

All the coins are now being certified by Professional Coin Grading Service using the new PCGS Gold Shield™ service.

The latest retrievals are just the newest chapter in a story that now goes back three decades to when the wreck was discovered in 1988.

Recovered gold ingots. (Photo courtesy Phil Arnold Professional Coin Grading Service)

This large, hand-sewn sack (“poke”) of gold dust was found in a saddlebag in an S.S. Central America safe in 2014. (Photo courtesy of California Gold Marketing Group)

In addition to Manley, Robert D. Evans returns for an encore performance.

He was the chief scientist on the 1980s mission that first located and recovered a portion of the fabulous sunken treasure and who assisted with the 2014 recovery.

He will be at the exhibit each day during the show to meet with visitors.

The “Ship of Gold” exhibit returns to the February 2018 Long Beach Expo with the first public display of a $40 million portion of the California Gold Rush sunken treasure recovered from the “S.S. Central America” in 2014.​ (Donn Pearlman photo)

On Jan. 9, 2018, the California Gold Marketing Group acquired the treasure from Ira Owen Kane, Receiver for Recovery Limited Partnership and Columbus Exploration, LLC, in a court approved transaction. The treasure was recovered from the S.S. Central America in 2014.

It was sent from Florida to the Professional Coin Grading Service headquarters in California in 38 containers that were sealed in June 2014.

Manley and Evans began opening the sealed containers on Jan. 10.

This began the careful process of examining, curating and cataloging the trove, one historic piece of treasure at a time.

At left, Bob Evans and Dwight Manley carefully open the first of 38 sealed containers of treasure (which were in secure storage in Florida since June 2014) on Jan. 10 at PCGS headquarters in California. At center, PCGS Co-Founder David Hall examines some of the gold coins. At right, Dwight Manley looks closely. (Christina Good/Professional Coin Grading Service photos)

The S.S. Central America sank in a hurricane in September 1857 off the North Carolina coast.

Though it is not numismatic, original leather satchels containing gold dust will be shown.

They were obtained from a safe, which might account for how well preserved the leather is.

Above, Bob Evans holds a double eagle. Below, storage tubes. (Christina Good/Professional Coin Grading Service photos)

World coin collectors will want to know that two Australian gold sovereigns struck in Sydney in 1855 and 1856 are part of the latest recoveries. Both are called the finest known.

There are gold coins from France, including a Napoleon 20 francs, British gold sovereigns of Queen Victoria, Mexican 8 escudos, Netherlands ducats, Dutch guldens and Peruvian gold.


This article was originally printed in Numismatic News Express. >> Subscribe today


More Collecting Resources

• If you enjoy reading about what inspires coin designs, you’ll want to check out Fascinating Facts, Mysteries & Myths about U.S. Coins.

• Is that coin in your hand the real deal or a clever fake? Discover the difference with U.S. Coins Close Up, a one-of-a-kind visual guide to every U.S. coin type.

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