Rare Gold and Silver Coins from Sunken Steamship Examined

Rare gold coins discovered in a sunken steamship off the Louisiana coast have been put under the microscope of sorts, by coin experts.

The SS New York was a 165-foot side-wheel steamship that was found under some 60 feet of water in the Gulf of Mexico.

It carried within its hull coins made in old U.S. Mints of New Orleans, Charlotte, N.C., and Dahlonega, Ga. Mints that have not been in action for many years.

David Bowers, co-chairman of New York-based Stack’s Rare Coins and coin expert, said some of the coins are in uncirculated or mint condition and could be worth $50,000 to $100,000 each.

For the intriquing story, read the following embedded AP article.

name="sample" scrolling="yes" frameborder="no" align="left">