Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

The DU Lounge

packman

(16,296 posts) Tue Mar 11, 2014, 04:14 PM Mar 2014

at $43K per kilo (rounding it out) is around 606 Million dollars - and that's just melt down value, not historical value.
Treasure hunters finally get OK to salvage gold from ship .

"In 1857, the SS Central America shipwrecked 160 miles off the coast of South Carolina because of a hurricane, killing more than 550 people and taking it with an estimated 14,000 kilos of gold. According to Odyssey Marine, experts believe it still holds a commercial shipment of gold valued at $93,000 in 1857, as well as passenger gold valued in 1857 at between $250,000 and $1.28 million"

http://www.jckonline.com/2014/03/07/court-okays-gold-hunt-on-150-year-old-shipwreck?utm_source=JCK+eNewsletters&utm_campaign=1d80b91c27-2014_03_07_Fashion_Friday&utm_medium=email&utm_term=0_56301e74d4-1d80b91c27-333946137