SS Central America ingot up 4.6% on estimate at Bonhams
- On 04/09/2012
- In Auction News
From Paul Fraser Collectibles
A gold ingot that was salvaged from the SS Central America has returned to California after selling as top lot in Bonhams' Coins & Medals auction on September 2.
The ingot was recovered from the wreckage of the famed 280 foot sidewheel steamer, which was sunk by a hurricane in 1857.
At the time of sinking the "Ship of Gold" was weighed down with 10 tonnes of gold prospected during the California gold rush.
The 40.56 ounce bar, which is stamped: "No.648 Kellogg & Humbert Assayers 40.56oz 8.87 Fine", sold for $146,900. The sale saw the bar achieve a 4.6% increase on its high estimate of $140,000.
Since being located in 1987, and following an intense legal battle for ownership, the treasures of the wreck have been achieving outstanding results at auction.
Another, larger ingot sold for $891,250 at the 2012 ANA World's Fair of Money on August 9.
An 80 pound ex-SS Central America ingot was once recognised as the most valuable piece of currency in the world after selling for $8m in 2001.