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‘Central America’ coins selling fast

 Slabbed with a pinch of gold, this 1857-S double eagle is graded MS-65 by PCGS.

Slabbed with a pinch of gold, this 1857-S double eagle is graded MS-65 by PCGS.

The “Ship of Gold” is sailing quickly. A total of 2,935 U.S. Mint gold coins retrieved from the last recovery of sunken treasure from the SS Central America and made available in the market already have been sold out by the California Gold Marketing Group.

“In an incredibly short period of time, the federal issue coins from America’s greatest sunken treasure have been sold to our authorized dealers who are reporting strong sales to the public. With only a few very special exceptions, once the dealers sell their available inventory no other U.S. Mint gold coins will be available from the last expedition to this amazing treasure,” said CGMG Managing Partner Dwight Manley.

Authorized dealer Kenny Duncan of U.S. Coins in Houston, Texas, remarked: “I have been very pleased with the broad-based demand for this historic gold treasure and I expect most of my limited inventory to be gone soon.”

A total of 3,129 federal, private mint and world gold coins were brought up from the SS Central America in 2014.

“We received all of them, along with other recovered treasure, on Jan. 9 of this year and immediately began examining, curating and cataloging the coins. Of that total, 112 were California fractional gold coins, 103 Territorials, and 82 were world coins from a total of 10 countries. Most of the remaining 2,832 U.S. federal issue coins, all certified by PCGS, have now been sold to our authorized dealers, along with some of the other gold coins,” explained Manley.

“We are retaining for now all of the Territorials, California Gold Rush fractionals and the ‘Best-of-the-Best’ of the U.S. and world coins.

For example, we are holding such items as an astounding 1857-S Indian Princess $3 graded PCGS MS-67 and the single finest 1857-S double eagle ever graded, PCGS MS-67+,” Manley said.

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

More Collecting Resources

• The 1800s were a time of change for many, including in coin production. See how coin designs grew during the time period in the Standard Catalog of World Coins, 1801-1900 .

• With over 25,000 listings and 15,500 illustrations, the Standard Catalog of World Paper Money, Modern Issues is your go-to guide for modern bank notes.