July 19, 1987 |
A partnership of low-profile treasure hunters has laid claim to what they believe is one of America's most historic shipwrecks, a paddle-wheel steamer sunk in 1857 with about $450 million in gold coins from the California Gold Rush. The broken wreck of the Central America, a U.S. Mail steamship that went down in a hurricane with a loss of 428 lives, lies in 8,000 feet of water just within the 200-mile continental limit off the South Carolina coast, the Columbus America Discovery Group says.
August 15, 1990 |
A federal judge Tuesday awarded a small group of scientists and investors from Columbus, Ohio, sole ownership of the richest sunken treasure in history--more than $1-billion worth of bullion and coins from the gold fields of California. The ruling gives Columbus-America Discovery Group title to all gold and other artifacts recovered from the SS Central America, which sank in a hurricane 160 miles off the coast of the Carolinas in 1857.
April 3, 1990 |
As the SS Central America broke apart in a hurricane and its passengers fought desperately to live, the fortunes harvested from California's gold fields no longer mattered. "The love of gold was forgotten in the anxiety and terror of the moment and many a man unbuckled his gold-stuffed belt and flung his hard-earned treasure upon the deck, some hoping to lighten their weight . . .
November 19, 1993 |
Most of the $21 million in treasure from a ship that sank in 1857 was awarded Thursday to the salvagers who spent $30 million to find it. The judge said he wished it was worth more. "What a pity it did not amount to a billion dollars so that a proper award could have been given," U.S. District Judge Richard B. Kellam wrote in a decision giving 90% of the gold to the Columbus-America Discovery Group. The rest will go to the original insurers of the cargo.
October 6, 1989 |
A jubilant salvage crew hauled more than a ton of gold into port Thursday from the richest shipwreck in U.S. history--a sunken 19th-Century steamer with a trove worth up to $1 billion. "Gold. Lots of it," shouted Bob Evans, project director for the Columbus America Discovery Group, as hundreds cheered, snapped pictures and craned their necks to get a view of the gold. "It's been a long time getting here--132 years," Evans said in reference to the Sept.
CALIFORNIA | LOCAL
November 11, 2001 |
Eureka, the gigantic gold bar that sat on the ocean floor for more than a century, only to be consigned to a safe for years afterward while insurance companies fought over it, has been sold for a record $8 million. The ingot, as big as a loaf of bread, is the largest known gold bar to come out of California's Gold Rush.