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V21 2018 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 4, January 28, 2018, Article 19

NORTH CAROLINA WRECK YIELDS GOLD COINS

The Charlotte Observer published an update January 26, 2018 on recovery efforts at the shipwreck site discussed last week. It is believed to be the steamship Pulaski, which sunk in 1838. -Editor

Divers found 14 gold coins and 24 silver coins in a spot “no bigger than a cigar box.” All predate the ship’s sinking and include one British coin that experts say could be worth $100,000. Other gold coins in the collection are valued in the $10,000 to $12,000 range, officials said.

James Sinclair, a marine archaeologist involved in project, says finding gold coins proves the team is in the right spot.

“This evidence supports reports that valuables, including gold and silver, were aboard the Pulaski when she sank,” Sinclair said in a statement.

12 Coins from Pulaski wreck
Some of the recovered coins have yet to be conserved

Those involved in the project have one particular passenger in mind: Charles Ridge, a man who survived but lost $20,000 in the disaster, all of it in gold coins.

The coins were uncovered as part of joint project by Blue Water Ventures International and Endurance Exploration Group, two publicly traded companies that expect to find a treasure trove of valuables brought aboard the doomed luxury ship by wealthy passengers.

Keith Webb of Blue Water Ventures said in an interview Friday the 14 gold coins are not Ridge’s fortune.

“When we find his money, it won’t be the size of a cigar box. It will be the size of a chest,” said Webb. “We will find it, I assure you, and it will be in one pile. And that will be gold coins with a specific history attached – an actual story of a man whose riches are lost and a woman still committed to marry him…. It’s romantic. It’s exciting.”

Webb predicts they’ll find thousands of coins that could be worth millions. So far, he says they’ve found 70 U.S., Spanish and Mexican coins during a half dozen visits.

4 Coins from Pulaski wreck

The article didn't say how many British gold coins were found. Could the one in the picture be a $100,000 coin? -Editor

To read the complete article, see:
Divers find a stash of rare gold coins at the site of 1800s shipwreck off NC coast (http://www.charlotteobserver.com/news/local/article196911119.html)

To read the earlier E-Sylum article, see:
NORTH CAROLINA COAST WRECK MAY BE THE PULASKI (http://www.coinbooks.org/v21/esylum_v21n03a26.html)



Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

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