An 1842 Gold 1/2 Sovereign PCGS F12 + Pinch of Gold from the SS Central Shipwreck

Recovered from the 1857 SS Central America shipwreck.

On September 3, 1857, 477 passengers and 101 crew left the Panamanian port of Colón, sailing for New York City under the command of William Lewis Herndon. The ship was laden with 10 short tons (9.1 t) of gold prospected during the California Gold Rush. After a stop in Havana, the ship continued north.

On September 9, 1857, the ship was caught up in a Category 2 hurricane while off the coast of the Carolinas. By September 11, the 105 mph (170 km/h) winds and heavy seas had shredded her sails, she was taking on water, and her boiler was threatening to fail. A leak in one of the seals between the paddle wheel shafts and the ship’s sides sealed its fate. At noon that day, her boiler could no longer maintain fire. Steam pressure dropped, shutting down both the bilge pumps. Also, the paddle wheels that kept her pointed into the wind failed as the ship settled by the stern. The passengers and crew flew the ship’s flag inverted (a distress sign in the US) to signal a passing ship. No one came.

A bucket brigade was formed, and her passengers and crew spent the night fighting a losing battle against the rising water. During the calm of the hurricane, attempts were made to get the boiler running again, but these failed. The second half of the storm then struck. The ship was now on the verge of foundering. Without power, the ship was carried along with the storm and the strong winds would not abate. The next morning, September 12, two ships were spotted, including the brig Marine. Only 153 passengers, primarily women and children, made their way over in lifeboats. The ship remained in an area of intense winds and heavy seas that pulled the ship and most of her company away from rescue. The Central America sank at 8:00 that evening. As a consequence of the sinking, 425 people were killed. A Norwegian bark, Ellen, rescued an additional 50 from the waters. Another three were picked up over a week later, in a lifeboat.

The ship was located by the Columbus-America Discovery Group of Ohio, led by Tommy Gregory Thompson, using Bayesian search theory. A remotely operated vehicle (ROV) was sent down on 11 September 1988. Significant amounts of gold and artifacts were recovered and brought to the surface by another ROV built specifically for the recovery. The total value of the recovered gold was estimated at $100–150 million. A recovered gold ingot weighing 80 lb (36 kg) sold for a record $8 million and was recognized as the most valuable piece of currency in the world at that time.

This gold half sovereign was extracted from this shipwreck, and it was graded to F Detail, with damage due to salt water exposure for over 150 years.

It was certified authentic by Bob Evans, Chief Scientist on the S.S. Central America Ship of Gold project, and his official certification is included along with the coin.

This example is quite fascinating, as it once circulated among individuals who came from abroad to possibly partake in the California Gold Rush.