Lost treasure discovered, there may be more

2014-05-06 12:56

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Cape Town – A US expedition has recovered 27kg of gold from lost treasure that sunk to the ocean floor 157 years ago.

A steamship in 1857 was travelling of the coast of South Carolina when it encountered a hurricane according to a report on Live Science. The ship sank with more than 13 600kg of gold bars and coins.

Odyssey Marine Exploration, a deepwater exploration company believes that they have retrieved a small percentage of the treasure that was thought to be lost.

The company discovered five gold bars and two gold coins in a ship called the SS Central America.

The coins are of particular importance as one was minted in Philadelphia in 1850 and the other was minted in San Francisco in 1857. The coins heavily suggest that that they were part of the treasure that was lost in 1857.

The priceless artefacts were discovered by a reconnaissance dive, conducted on 15 April.

The company initially wanted to just document the site and planned to do a full archaeological excavation later.

It is estimated that the ship lies at a depth of 2 200m, 257km from the South Carolina coast.

Experts believe that the sunken ship may contain a shipment of gold valued in 1857 to be $93 000.

In addition there may be $250 000 worth of passenger gold and $1.2m worth of gold could be locked away in the ship’s safe.

It is hard to determine what the gold will be worth today, this will depend on how much is recovered and the condition of the gold.
Read more on:    us  |  archaeology

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