Very Large Size" 109.55 Oz. Kellogg & Humbert Gold Ingot

Pricing & History
Very Large Size" 109.55 Oz. Kellogg & Humbert Gold Ingot. CAGB-701. Kellogg & Humbert No. 946. The most famous sunken ships make history twice: first when they are lost and then when they are found. In the aftermath of September 12, 1857, when the S.S. Central America sank in the aftermath of a hurricane, her vast golden cargo--valued at $2 million at a time when the price of gold was fixed at $20.67 an ounce--was also lost, along with over 400 passengers. In the 1980s and 1990s, when other news and disasters had eclipsed her loss, she made history again: the search for the S.S. Central America led to her discovery, recovery, and years of litigious buffoonery. When the S.S. Central America went down in 1857, her loss shook the financial world and contributed to the Panic of 1857. When her treasure was brought back to the light, the world of numismatics faced its own upheaval: the 1857-S double eagle suddenly became the most available Type One double eagle in Mint State, and the ingots of the S.S. Central America were unlike anything collectors and scholars had ever seen. For the past decade, collectors have grappled with a transformed and tantalizing world, where territorial gold ingots can be found outside the great museum collections, and with the price of gold recently reaching record highs, interest in these hefty and historic read more