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Tuesday, May 13, 2014

Shared by a friend: Researchers Say There Could Be $300 Million In Gold At An Antebellum Shipwreck Site Off The Coast Of South Carolina

A marine exploration group says it has recovered nearly 1,000 ounces of gold from a long-ago shipwreck 160 miles off the coast of South Carolina.

Tampa-based Odyssey Marine Exploration announced it had completed its latest mission to the site of the wrecked SS Central America, which went down in a hurricane in 1857. We first heard about the story from William J. Broad in the New York Times.

Gold contracts were recently trading at $1,288.90 an ounce, meaning the haul could be worth about $1.3 million. Among the specific items recovered:

Five gold ingots believed to weigh between 96.5 and 313.5 ounces
Two $20 Double Eagle coins
A bottle
A piece of pottery
A sample of the ship's hull

But this was only a recon mission, and many believe a lot more where this came from — up to $336 million by one estimate.

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4 comments:

  1. Does anyone know how far out the US territorial limits go?

    ReplyDelete
  2. Lorraine Truitt, Horse Lovers United, Inc.May 13, 2014 at 8:14 PM

    If I had it, I would buy a lot of horse farms and save all the horses before they went to slaughter.

    ReplyDelete
  3. What we meant to say is that we only found 10 ounces, and we have no idea where any more may be.

    Get educated, morons!

    ReplyDelete
  4. 8:14 Well, I hope you find your gold, and I hope you're smart enough to NOT TELL A SINGLE PERSON, unlike this story.

    inb4 story of the Feds removing all of their gold, and them crying over it.

    ReplyDelete

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