The fabled SS Central America, the famous "Ship of Gold" that sank in 1857 carrying tons of California Gold Rush treasure, continues to surprise and delight the numismaticworld. California Gold Marketing Group LLC (CGMG) of Brea, California has confirmed discovery in the ship's latest recovered sunken treasure of nine rare 1856 San FranciscoMint large S over small s mint mark Seated Liberty No Motto quarter dollars.

"This is a major numismatic finding! The 'Ship of Gold' has brought us over a half dozen 1856 S/s large mint mark over small mint mark silver quarters. The S over s is themost pronounced I have ever seen with two overlapping mint marks clear even to the naked eye. We've nick-named this latest SS Central America discovery as the S over s CentralAmerica," said Dwight Manley, CGMG Managing Partner.

"Considering the preponderance of Philadelphia and New Orleans Mint coins found in the recovered treasure, it would appear these came from a batch of coins brought aboard by aminer, and ended up in the safe as did the miners' pokes (packets containing gold and/or coins). What a numismatic miracle to have such a treasure trove aboard the SS CentralAmerica," Manley stated.

The coins were part of the amazing treasure retrieved from the SS Central America in 2014. Most of the 1856-S/s coins were among the 503 silver quarter dollars discovered in acanvas bag in the purser's sealed iron box in the ship's safe on the seabed more than 7,000 feet below the Atlantic Ocean's surface.

A lengthy, meticulous, coin-by-coin inspection of the treasure began when CGMG took possession of the 2014 recovery in January 2018, and quarter dollars were among the last ofthe items to be recently examined.

All nine of the 1856-S/squarters have now been certified by Professional Coin Grading Service (www.PCGS.com) and each encapsulated with a pinch of California Gold Rush gold dust recovered from theshipwreck. They will be offered in public auctions by Ira & Larry Goldberg Coins & Collectibles, Inc. (www.GoldbergCoins.com) beginning with the February 16-20, 2020Pre-Long Beach Auction in Los Angeles.

With a total mintage of only 286,000, "normal" 1856-S quarter dollars are scarce even in low, circulated grades, and extremely scarce in Mint State grade. Prior to thisdiscovery, PCGS previously certified just 38 examples of the 1856-S/s repunched mint mark, with the majority in only Good to Fine condition and none in Mint State.

These are the grades of the recently certified sunken treasure1856-S/s quarter dollars: PCGS XF45; PCGS XF40; 4 are graded PCGS VF35 and another one is PCGS VF25. Two othercoins exhibit environmental damage (PCGS designation 97) and are graded PCGS97-AU and PCGS97-XF.

In addition to the large over small mint mark examples, two, rare mint state "normal" 1856-S quarters were discovered in the treasure; one graded PCGS MS63, the other PCGSMS62.

"Silver coins that were found in the purser's bag in a lock box inside the ship's safe survived 157 years in the Atlantic Ocean without the corrosion seen on mostsilver coins found on shipwrecks. This is undoubtedly due to the oxygen-starved (anaerobic) conditions within the safe. It was not water tight, but it essentially sealed off theinterior environment and its chemistry from the outside seabed environment," explained Bob Evans, the chief scientist on the 1980's mission that first located and recovered aportion of the fabulous sunken treasure and who served in that same role and as a numismatist with the 2014 recovery.

Evans recently found the two 1856-S and nine 1856-S/s quarters while finishing the coin-by-coin examination of the last portion of the treasure.

"The SS Central America has once again revealed another 'time capsule effect' of what coins were in daily commerce at the time and on the steamship route between SanFrancisco and New York via Panama in 1857. It is delightful to see this effect yet again in this treasure, as the contemporary usage and details are revealed to us, as if we aretransported back in a time machine," said Evans.

The SS Central America was a 280-foot long, three-masted side-wheel steamship carrying tons of California gold that had been shipped from San Francisco to Panama. She sank offthe coast of North Carolina on September 12, 1857 during a hurricane while on the final leg of a voyage from Aspinwall (now Colón), Panama to New York City. The loss of theship's gold cargo was a major factor in the economically devastating financial panic of 1857 in the United States.

In a court-approved transaction in November 2017, the California Gold Marketing Group acquired all the treasure recovered in 2014 from Ira Owen Kane, Receiver for RecoveryLimited Partnership and Columbus Exploration, LLC. In 1999, CGMG acquired all of the available S.S. Central America treasure that was recovered in the 1980s.

For more information on the sale, see:
https://www.goldbergcoins.com/