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Daniel Frank Sedwick, LLC
Treasure Auction 31  4-6 May 2022
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Lot 345

Starting price: 8000 USD
Price realized: 9500 USD
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USA (Philadelphia mint), gold $20 Coronet Liberty double eagle, 1861, very rare, NGC AU 58 / Steamer Pewabic. The SS Pewabic, launched in 1863, was a Civil War-era freighter that traveled between Lake Superior and Lake Erie while hauling passengers and cargo (typically copper ingots from the northern mines). On Aug. 9th, 1865, the SS Meteor, the Pewabic's sister ship, collided with the Pewabic, which sank shortly after with the loss of 100 to 125 passengers and crew. In 1917, many of the copper ingots were salvaged from the wreck along with artifacts and coins. A further salvage operation in 1974 by Busch Oceanographic Equipment Co. recovered more artifacts along with the purser's safe which, true to the purser's word, contained less than $50 in paper money and no coins. The very few coins recovered from the Pewabic represent the rarest American shipwreck coins a collector can own when compared to those from the much more available SS Central America, SS Brother Jonathan, and SS Republic. Choice golden surfaces and luster with very minor surface friction for the grade, sharply struck details on both sides of this piece dated to the first year of the Civil War. NGC #1816142-011. From: S.S. Pewabic, sunk in 1865 off Thunder Bay Island, Michigan
($10000-20000)
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