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Shipwreck's Coins Are Very Rare
AOL/AP ^ | 2008-05-14 | ALAN SAYRE,

Posted on 05/14/2008 10:43:27 PM PDT by fishhound

NEW ORLEANS (May 14) - A steamship that sank off the Louisiana coast during an 1846 storm has produced a trove of rare gold coins, including some produced at two largely forgotten U.S. Mints in the South, coin experts say. Last year, four Louisiana residents salvaged hundreds of gold coins and thousands of silver coins from the wreckage of the SS New York in about 60 feet of water in the Gulf of Mexico, said David Bowers, co-chairman of New York-based Stack's Rare Coins.

"Some of these are in uncirculated or mint condition," Bowers said, predicting the best could bring $50,000 to $100,000 apiece at auction.

Of particular interest to coin experts are gold pieces known as quarter eagles and half eagles, which carried face values of $2.50 and $5 in the days before the United States printed paper currency.

Those coins were struck at Mints in New Orleans; Charlotte, N.C.; and Dahlonega, Ga. The Charlotte and Dahlonega Mints operated from 1838, when the first significant U.S. gold deposits were found in those areas, until the start of the Civil War in 1861, said Douglas Mudd, curator of the American Numismatic Association's Money Museum in Denver. Neither reopened.

(Excerpt) Read more at news.aol.com ...


TOPICS: Culture/Society; US: Georgia; US: Louisiana; US: North Carolina
KEYWORDS: coins; dixie; godsgravesglyphs; history; oldusmints; shipwreck; usmint
I used keywprds for each state where these were minted.

Good forgotten history stuff.

1 posted on 05/14/2008 10:43:27 PM PDT by fishhound
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To: fishhound

keywprds= keywords


2 posted on 05/14/2008 10:43:54 PM PDT by fishhound (Boycott the Olympics in China.)
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To: Inyo-Mono; indcons; stainlessbanner; Liberty Valance

history stuff ping


3 posted on 05/14/2008 10:48:56 PM PDT by fishhound (Boycott the Olympics in China.)
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To: SunkenCiv

ping


4 posted on 05/14/2008 10:50:07 PM PDT by fishhound (Boycott the Olympics in China.)
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To: fishhound


The good stuff ;o)

Thanks for posting.
5 posted on 05/14/2008 10:59:01 PM PDT by Liberty Valance (Keep a simple manner for a happy life)
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To: Liberty Valance

Your welcome.

Thanks for posting the pic. Ain’t it beautiful!


6 posted on 05/14/2008 11:00:47 PM PDT by fishhound (Boycott the Olympics in China.)
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To: Liberty Valance

7 posted on 05/14/2008 11:02:11 PM PDT by Liberty Valance (Keep a simple manner for a happy life)
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To: Liberty Valance

Wow! What a simple yet striking & lovely design. They don’t make coins like this anymore.

I’ve seen Greek and Egyptian coins from about 230 b.c that had similiar facial characteristics and treatment of the hair. They depicted Alexander the Great. The Greek and Roman classical influence on early American art and design can be seen in this coin.


8 posted on 05/14/2008 11:22:51 PM PDT by SatinDoll (Desperately desiring a conservative government.)
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To: fishhound
Dang. I'm a collector and never even heard of these mints before today.

What are the mintmarks and how rare are they?

9 posted on 05/14/2008 11:23:11 PM PDT by varyouga ("Rove is some mysterious God of politics & mind control" - DU 10-24-06)
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To: varyouga

On the second picture is I assume the backside of this coin.

I don’t collect but there is an “O” under teh eagles feet...Could that be the mintmark?

Is it possible they did not use them?


10 posted on 05/14/2008 11:28:30 PM PDT by fishhound (Boycott the Olympics in China.)
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To: SatinDoll

The greatness of the promise of the young America shines in thier elegant and simple yet solid design...how’s that. lol
Great Classicism/classical look.
I actually find it makes me a little sad to look at it.


11 posted on 05/14/2008 11:31:20 PM PDT by fishhound (Boycott the Olympics in China.)
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To: Liberty Valance
Here's the other side.

The back of the coin is seen here. One expert said some of the hundreds of gold coins retrieved from the wreck site last year "are in uncirculated or mint condition" that could bring $50,000 to $100,000 apiece at auction. "Historically, they are interesting. These are the first coins produced by gold from the United States," said another expert.

12 posted on 05/14/2008 11:46:44 PM PDT by henbane
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To: fishhound
. . .there is an “O” under the eagles feet...Could that be the mintmark?

The New Orleans Mint (O mint mark) closed at the beginning of the Civil War (1861) and did not re-open until the end of Reconstruction in 1879. During its two stints as a minting facility, it produced both gold and silver coinage in eleven different denominations, though only ten denominations were ever minted there at one time (in 1851 silver three-cent pieces, half dimes, dimes, quarters, half dollars, and gold dollars, Quarter Eagles, half eagles, eagles, and double eagles).---Wikipedia

13 posted on 05/14/2008 11:54:57 PM PDT by henbane
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To: henbane

Thank you, great post!!!


14 posted on 05/14/2008 11:59:01 PM PDT by fishhound (Boycott the Olympics in China.)
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To: IncPen; BartMan1

ping


15 posted on 05/15/2008 12:10:59 AM PDT by Nailbiter
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To: fishhound

Yes,The O is for New Orleans from what I remember.I was unaware of Dalonega being a mint.Learn something new everyday.


16 posted on 05/15/2008 1:12:04 AM PDT by HANG THE EXPENSE (Defeat liberalism, its the right thing to do for America.)
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To: varyouga

I thought the New Orleans mint was open until much later. Wasn’t the mint mark ‘O’?
I know I have some old coins with the ‘O’ mint mark.


17 posted on 05/15/2008 1:17:38 AM PDT by Lancey Howard
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To: fishhound

“O” was New Orleans. I’m not sure about Charlotte, and I never heard of the one in Ga.


18 posted on 05/15/2008 4:03:00 AM PDT by scrabblehack
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To: imahawk
I was unaware of Dalonega being a mint.

Being raised in Georgia, I knew of the Dahlonega mint and the gold that is sill being mined there today. However, I had not heard of the Charlotte mint or of any gold finds in that area.

19 posted on 05/15/2008 4:19:12 AM PDT by Thermalseeker (Silence is not always a Sign of Wisdom, but Babbling is ever a Mark of Folly. - B. Franklin)
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To: fishhound
......and the bureaucrat from the “You Have Government Property Agency” clock has just started.
20 posted on 05/15/2008 4:26:17 AM PDT by stimpy17 (Home of the free because of the Brave.)
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To: fishhound

That was the hurricane that cut “Last Island” (a resort) into several pieces.


21 posted on 05/15/2008 4:42:51 AM PDT by HuntsvilleTxVeteran (McCain will send a self-abused stomped elephant to the DRNC.)
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To: varyouga

C for Charlotte, D for Dahlonega. As for rarity, I would direct you to Yeoman or the equivalent.


22 posted on 05/15/2008 4:51:00 AM PDT by DeaconBenjamin
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To: fishhound

I tried to post this yesterday, using the URL for the Lafayette paper story. It was refused by the FR system or monitor because it was also on the AP wire service.

I didn’t use AP anywhere in the heading as you have, how did you get this through?


23 posted on 05/15/2008 6:36:35 AM PDT by wildbill
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To: fishhound; SunkenCiv

Thanks fishhound. Think this might be a GGG topic.


24 posted on 05/15/2008 6:50:34 AM PDT by indcons
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To: fishhound

Thanks for the ping fishound. I remember several years back, a big storm surged the beaches and folks were finding Spanish dubloons on Melbourne beach in FLA.


25 posted on 05/15/2008 8:12:11 AM PDT by stainlessbanner
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To: wildbill

I found it on the AOL news site. And posted it as I “AOL/AP” in the source field and it worked.


26 posted on 05/15/2008 8:39:31 AM PDT by fishhound (Boycott the Olympics in China.)
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To: indcons; blam; StayAt HomeMother; Ernest_at_the_Beach; 1ofmanyfree; 21twelve; 24Karet; 3AngelaD; ...

· join list or digest · view topics · view or post blog · bookmark · post a topic ·

 
Gods
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Thanks indcons.

To all -- please ping me to other topics which are appropriate for the GGG list.
GGG managers are Blam, StayAt HomeMother, and Ernest_at_the_Beach
 

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27 posted on 05/15/2008 9:32:44 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/_______________________Profile updated Monday, April 28, 2008)
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To: fishhound

Whoops! Thanks fishhound!


28 posted on 05/15/2008 9:33:04 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/_______________________Profile updated Monday, April 28, 2008)
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To: SunkenCiv
I told you not to sink that ship so close to land.... :o]
29 posted on 05/15/2008 10:24:43 AM PDT by Monkey Face ("Science has proof without any certainty. Creationists have certainty without any proof.")
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To: fishhound
I attend auctions frequently. One auctioneer uses a phrase, " Boys! You just can't find 'em !", whenever there's a rare or what he'd like you to think is a rare item.

I'd imagine he'd be going ballistic over these coins.

Thanks for posting this.

30 posted on 05/15/2008 12:08:59 PM PDT by csvset
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To: fishhound

‘topics’ you mean.

Great post. love reading about Shipwrecks and treasure and coins.


31 posted on 05/15/2008 1:05:35 PM PDT by CJ Wolf
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To: SatinDoll
Right you are. Take a look at these images of coins from Alexander the Great:

32 posted on 05/15/2008 6:12:56 PM PDT by MrsEmmaPeel
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To: fishhound

I was watching the History Channel earlier with a piece of the SS Central America wreck. The finders that raised the 1857 gold took ten years in court fighting 30 some insurance companies to claimed they had paid out claims for the losses.

The company that brought up similiar treasure....only dated a little later than this one, ultimately got 92% of the value!


33 posted on 05/15/2008 6:25:32 PM PDT by TheLion
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