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Offline metal_inspectorTopic starter
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« on: January 21, 2007, 05:44:58 pm »
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Don't know if this was already told, but sorry if it was:

The SS Yankee Blade, launched in 1853, was in the service of the independent Steamship Co. in 1854.  On October 1 she was on a run from San Francisco south to Panama, carrying about 900 passengers and crew and an unknown amount of gold, But including about $152,000 in coins consigned by the banking house of Page, Bacon and Co.  In heavy fog Captain Henry T. Randall, believing he was in deep water far at sea, proceeded at full speed ahead, trying to establish a speed record-certain to be beneficial in advertising.
    The captain was wrong, and the steamer was amid the rockbound Channel Islands, off the coast of Santa Barbara, California.  The ship smashed onto a rock, and was stranded at a tipsy angle.  In time, she sank, but not before most people escaped.  In the ensuing confusion, an estimated 17 to 50 passengers lost their lives.
    As what happened to the gold coins aboard, some were seemingly recovered soon after the disaster, in circumstances shrouded in mystery.  Perhaps other coins were found later, over a long period of time.  In any event, in 1948 the hull was found again, and afterward various divers visited the wreck.  Circa 1977, extensive recoveries were made, and an estimated 200 to 500 1854-S double eagles came on the market.  All showed microscopic granularity, possibly from the action of sea-bottom sand, and all had die cracks on the reverse.  Little in the way of facts had ever reached print.

There it is.




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Offline Dean
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« Reply #1 on: January 21, 2007, 07:05:07 pm »
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Interesting story..neat about the cracks in the die.

Dean

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Offline Sue
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« Reply #2 on: January 21, 2007, 07:46:07 pm »
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Cool story!  "full speed ahead" to establish a speed record for advertising - that sure backfired on the hotdogger.

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Offline Dean
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« Reply #3 on: January 21, 2007, 08:28:26 pm »
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Did the same thing for the Titanic.

Dean

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Offline toolboxdiver
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« Reply #4 on: January 22, 2007, 07:29:00 am »
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Quote:Posted by Dean
Did the same thing for the Titanic.

Dean


LOL... Grin

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Offline Dean
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« Reply #5 on: January 22, 2007, 12:50:03 pm »
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Well it's true!!

Dean

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« Reply #6 on: January 23, 2007, 08:34:15 am »
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Interesting story.  Thanks.

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Offline dr.dtector
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« Reply #7 on: January 23, 2007, 09:05:17 am »
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NEAT STORY METAL~MAKES YOU WONDER BOUT THE TRILLIONS OF$OUT THERE TO BE HAD Grin

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Offline stringfrenzy
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« Reply #8 on: January 23, 2007, 09:21:11 am »
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Wouldn't that be nice.

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Offline metal_inspectorTopic starter
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« Reply #9 on: January 28, 2007, 04:43:16 pm »
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Heres another:

SS Republic, Lost October 25, 1865

Originally chirstened the SS Tennessee in 1853, this sidewheel steamer served in both the Confederate and Union navies during the Civil War.  Just months after the war's end, the SS Republic, loaded with much-needed cargo and coins, left New York bound for New Orleans.  Caught in a hurricane off the coast of Georgia, the ship sank to the bottom of the Atlantic with a reported $400,000 in specie on board.
     In 2003, the numismatic world was startled and delighted to learn that Odyssey Marine Exploration, inc., had located the wreckage, in about 1,700 feet of water.  Strewn on the sea floor was an array of gold and silver coins, along with about 14,000 other artifacts  (bottles, ceramic items, personal effects, etc.).  Recovery began in November 2003 and was concluded in early 2005, by which time 262 dives had been logged.  The recovery included more than 51,000 coins, among them more than 1,400 gold eagles, dating from 1838 to 1858.  The most numerous were those dated 1847 (of which 221 were found, mostly in AU grade).  Several thousand double eagles of all date and mintmark issues from 1850 to 1865, except the 1856-O, were found.  The varities for which more than 100 coins each were brought to the surface included 1852 (104 recovered and assigned various grades), 1861 (457), 1862-S (127), 1863-S (180), 1864-S (168), 1865 (320), and 1865-S (253).  After careful conservation by pristine condition, with no impairment from their immersion.  Conditions ranged from worn, for earlier years, up to choice and Gem Mint State for certain of the later issues.  The most valuable singel coin was a Mint State 1854-O $20, valued at more than a half-million dollars.  The talents of numismatist John Albanese were tapped to supervise the care and distribution of the coins.
  More than 180 different varities of Libery Seated half dollars were recovered from the shipwreck, including five 1861-O die combinations attributed to Confederate control of the New Orleans mint.  Many of the silver halves show only slight evidence of their 140 years underwater.  Some coins have microscopic coralline structures embedded in their surfaces or some saltwater etching, in many cases observable only under a microscope.  Although not graded on a traditional scale, the coins are encapsulated and noted as having a "Shipwreck Effect." Many of them exhibit nearly full detail and have become very popular in the collectibles marketplace because of this provenance.

whoa, there it is.

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