Stack’s to Sell More S.S. New York Gold Treasure
The discovery of the long-lost S.S. New York and the sale of gold and silver coins from the wreck made headline news last year. Since then, further explorations on the wreck have yielded more coins, including some amazing American gold rarities. These include high-grade Philadelphia and New Orleans coins from the 1830s and 1840s, some of which are among the finest known!
A book detailing the loss and recovery, The Treasure Ship S.S. New York, by Q. David Bowers, tells the exciting story (available from Stack’s for $29.95 postpaid). The sidewheel steamer, 160.5 feet in length, was launched in New York City in 1837, and under the direction of Charles Morgan and others put into the coastwise run from New York City to Charleston. There she remained for but a short time, and was sent to New Orleans. The Republic of Texas, formed in 1836, beckoned immigrants from foreign countries, American citizens, and others to settle the vast territory. In 1845, Texas joined the Union. The S.S. New York was in service from New Orleans to Galveston, the latter being the largest city in Texas at the time.
Departing Galveston on September 5, 1846, with several dozen passengers and crew aboard plus light cargo, the ship headed toward New Orleans. It was foggy and the wind was light, but there was no indication of any problem. Unexpectedly, stiff winds and high seas arose, and within a few hours the ship anchored about 50 miles off the coast, to weather out the storm. This did not happen. A hurricane developed, the ship foundered, and despite heroic efforts of the passengers and crew to save it, the New York went to the bottom of the sea with a loss of 18 lives and an estimated $30,000 to $40,000 in money. (more…)

It is not the first time the Goldberg’s and Stack’s have conducted a joint auction. “We worked with Stack’s for the Apostrophe Sales from 1979 through 1990, as well as the Charles Kramer Collection Sale in 1988. All were highly successful sales,” says Larry Goldberg. Christine Karstedt, president of Stack’s, commented “This is one of the most significant specialty sales to be held in American numismatics. The depth and breadth of the offering will provide opportunities for the most advanced specialist as well as to those with a beginning interest.”
Part I of the Michael K. Ringo Collection of Latin-American Circulating Counterfeit Coinage appears early on, and offers coins from two workhorse genres: the gold coins of the Spanish dominions and their two reales counterparts. Many of these coins are exceedingly rare, and some are simply unique. Highlights here will undoubtedly include the gold alloy 1740 Lima-style contemporary imitation 8 Escudos, and the important 1807 Colombia 8 Escudos counterfeit that was struck over a U.S. Classic Head large cent. Among the selection of two reales counterfeits and imitations is the Quasimodo Head example, so called for its fascinatingly ugly portrait. This specimen is the only one known to Kleeberg, and should sell for a strong sum, so bid accordingly!

