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S.S. Central America 1857
The United States Mail
Steamship S.S. Central America sank in deep water off the coast of
the Carolinas during a monstrous 1857 hurricane, it created just
such an accidental accumulation of treasure. Bound for New York with
578 passengers and crew, and 38,000 pieces of mail, the S.S. Central
America also held tons of gold ingots, coins, nuggets, and dust
mined from the western gold fields during a defining quarter-century
when the country came of age.
The Central America transported an estimated one-third of the entire
California Gold Rush output. That one-third was valued at the time
at approximately $150 million.
The S.S. Central America was lost for 131 years. The S.S. Central
America shipwreck is a unique time capsule of information and
artifacts of an era in which the very character and spirit of
America blossomed.
In 1985 an ocean engineer with Battelle Memorial Institute in
Columbus, Ohio, Thomas G. Thompson, founded the Columbus-America
Discovery Group to research and locate the S.S. Central America
shipwreck. The 161 investors raised more than $10 million.
By 1986 the group, based in landlocked Columbus, began exploring
1,400 square miles of the Atlantic Ocean and located the ship’s bell
in 8,500 feet of water.
July 1998 - January 2000: Intrigued and determined to "do the deal,"
Manley, now Managing Partner of California Gold Group, Newport
Beach, then undertook nearly two years of complex negotiations with
Columbus-America Discovery Group, Union Bank of California and
Christie’s auction house to acquire the $100+ million worth of
historic gold coins and bars. He earlier obtained a $70 million
contract for Utah Jazz basketball star Karl Malone, but now declares
the treasure project involved the biggest and most complicated
negotiations he’s ever undertaken. Manley accomplished what no else
could do.
Today the coins are being certified by Collectors Universe
Professional Coin Grading Service (NASDAQ: CLCT), the world’s
largest rare coin authentication company. Each coin is sonically
sealed in a protective holder.
For the first time in history, individuals are able to purchase
historic gold coins from the S.S. Central America treasure.
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