I can dream of owning ONE well-circulated gold coin minted at the Dahlonega Mint. Imagine finding a shipwreck that held hundreds of uncirculated gold coins minted at Dahlonega, Charlotte and New Orleans. Coin dealers examining gold find off La. coast
yea i read that but why only one coin why not more? if those coins go on the block pleas elet me know
What does that mean? The guys found hundreds of coins. I'm sure they will sell pretty much all of them (partly to pay the HUGE income tax bill they are going to owe).
Ahhhh, now I understand you. I would be happy with a single example of a coin minted in my home state of Georgia. Being pretty much a type collector I don't need to complete a set. (And completing a set of Dahlonega coins is a tad beyond my means.)
It will be interesting to see a census of this find ! Should make these Cs and Ds much more affordable... I suppose they'll sell 'em slow, so as to not cause too much market shock. Let's stay on top of this one !
We'll see what happens for these to come into the marketplace. Remember how the SS Republic, Brother Jonathan, and several other shipwreck treasures were held up by legal battles in the courts that lasted years if not decades. You can best bet, if any insurance entity has even the remotest claim, or if some state or federal government thinks they have any claim, they will challenge this find and tie it up. Sorry but that is how American "justice" works.
To my knowledge, all of these coins have "the shipwreck effect", otherwise known as a sandblasted look from the time they spent in the ocean. IMO, they are all damaged coins. Neat, and an important part of history, but damaged, and they will likely trade at reduced prices relative to their state of preservation in the secondary market (and likely overpriced when they first come to market). All IMHO...Mike
You bet ! And I'm glad it does. If someone has a claim, they should have their day in court. And I'm glad other "nations" practice "justice"... the recent Spanish claim to treasure found off their coast is a good case in point. Any one know where that one is right now ?
Well the salvors are still coy about the so called "Black Swan" but have acknowledged the obvious, that the ship is Spanish.
Interesting... any updated links on that one ? Last I heard there was rumor the ship was discovered off the British coast. But there is much which is not "obvious"... for instance, what points of law rule this particular shipwreck, considering its original nationality and discovery site. Statutes of limitations, maritime jurisdiction... I'm glad people with claims get a shot at justice. This might be a complex case which takes time to sort out. http://www.statesboroherald.com/news/archive/3750/
http://en.wikipedia.org/wiki/Black_Swan_Project Proverbial storm over Territorial Water, Gibraltar, ZOMG destruction of History, etc.
What is ambiguous in that wiki citing, the Odyssey ships were porting in Gibraltar, which they would not do for the ship 41 miles off of the English coast, but quite possibly would if the wreck were off of Portugal or Spain.
It will be interesting to see how the dust settles ! When folks are closely guarding the facts, it's often hard to tell truth from rumor - especially with all the glamour of a $500 million dollar shipwreck. Sometimes what is "known" as "fact" turns out to be erroneous. Interesting thread, guys. Let's stay tuned in !
I don't understand how any of those coins from a shipwreck can look very nice at all after sitting in salt water for over 150 years.
Are there any pictures of these coins out there anywhere? I'd love to see them. I, too, would love to have one of the Dahlonega coins--I grew up outside Atlanta and have 'panned' for gold in Dahlonega. Neat place!!
I noticed the salvors acquired title to the ship in federal court so they own it lock-stock-and-coins. I don't believe anyone can lay claims, other than the owners of the vessel and insurance companies that paid out claims. So, since they now legally own the vessel, their claim to the loot is pretty solid. :thumb: Ribbit
