The SS New York which sank off the Louisiana coast in an 1846 storm has proven to be a treasure trove of gold coins. Some of these are from the now-forgotten Dahlonega, Georgia, US Mint.
These coins, some of which are in uncirculated mint condition could bring up to $100,000 each at auction. Some of them are called quarter eagles and half eagles with face value at $2.50 and $5.00.
Mints in Charlotte, NC, and Dahlonega, Georgia, operated from 1838 to the onset of the Civil War in 1861. The Dahlonega Mint produced 1.38 million gold coins and Charlotte 1.2 million.
Most of these disappeared after the US Treasury confiscated gold coins in 1933 and melted them down which is why, besides being gold, makes them so expensive.
Dahlonega was a major source of gold in the 1830s.
From the May 15th 2009 Access North Georgia.
Man, Diving for Sunken Treasure. I Would Have Liked to Do That. --Cooter
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