[AngrySpud]

My history is weak, but it seems the ship sailed shortly after the end of the Civil War. What was a shipment of the equivalent of $150 million in gold coins going to New Orleans for? Army pay? Post-war reconstruction? Or was it private monies?

[WoofDog123]

"19th-century steamer, which sank without a trace while carrying 200,000 gold coins"

I assume they are using collectible value rather than weight value for the coins, since 150M in bulk gold is roughly 400,000 ounces, and the largest US coins made were 1 oz.

I wonder how much of the recovered gold will be allowed to return to the market, and how much will be locked up (i.e. not displayed) never to be seen again, never to return to the economy?

[Khurkris]

Post war rec-construction costs.

[Seeking the truth]

No, it was probably "slaver gold" and should now be the initial deposit in the Slave Reparation Fund (SRF).

I understand JJ, Al & Johnnie are heading out there as we speak.