Jewelry Recovered from Sunken ‘Ship of Gold’ Heads to Auction
The S.S. Central America sank in 1857 off the coast of South Carolina, carrying tons of gold from the California Gold Rush.

The S.S. Central America, or the “Ship of Gold,” sank off the coast of South Carolina in 1857 during a hurricane while traveling from Panama to New York City.
In addition to costing the lives of more than 400 of its passengers, tons of gold bars and coins from the California Gold Rush valued in the millions also went down with the ship. The gold onboard was meant to help banks manage the financial panic that had just started, but its sinking instead exacerbated the crisis.
Insurance claims for the loss were paid in 1850s.
Recovery from the shipwreck occurred in stages: between 1988-1991 and then again in 2014.
The company that discovered and retrieved the sunken treasures settled with insurers and their successors in 1992. With court approval, California Gold Marketing Group acquired clear title to all the artifacts that had been recovered from the ship.
Now, gold jewelry, vintage clothing, and other historic items recovered from the site will be offered at auction on Dec. 3, years after many of them were retrieved from the bottom of the Atlantic Ocean.
“Much of the gold jewelry was part of a commercial shipment, either carried by one of the jewelers on board or by a separate shipment transported on the voyage going to New York. Gold nugget stickpins were found still attached to their original thick paper boards, ready for resale on the New York or eastern seaboard jewelry market,” said Fred Holabird, president of Holabird Western Americana Collections, which will conduct the auction.
Lots include dozens of 1850s gold rings, stickpins, cufflinks, a gold belt buckle, and several pocket watch cases and covers.
Notable highlights include a rare medal/badge presented by the Order of Saint Maurice and Saint Lazarus, the world’s second oldest order of knighthood. Bestowed by the House of Savoy in Italy, the medal features a white enamel cross representing the Order of Saint Maurice and a green enamel Maltese cross of the Order of Saint Lazarus.
It was retrieved from the bottom of the ocean in 1991 and kept in secure storage for decades.
See: More Pieces in the Upcoming Auction
There is also a ring engraved with initials “SS” that may have belonged to San Francisco jeweler Samuel Shreve, a passenger on the ship when it sank, rings with heart shapes that would’ve eventually been engraved with lovers’ initials, and California gold-in-quartz items like cufflinks and brooches.
Meanwhile, other interesting items include the oldest known Gold Rush-era heavy duty work pant jeans with a button fly, which may have been made by or for Levi Strauss in his early years of business.
There are also S.S. Central America bottles, tableware, dining utensils, the purser’s keys to the gold treasure room, passenger luggage tags and ticket receipts, hardware from the ship, a navigational octant, and daguerreotype photographs.
“Many collectors have been waiting for these extraordinary items to come on the market since the legendary S.S. Central America was located in 1988 and Life magazine proclaimed it America’s greatest treasure ever found,” said Holabird.
The auction will be held at the Reno-Sparks Convention Center in Nevada and online on the Holabird Western Americana Collections website on Saturday, Dec. 3.
A second auction featuring hundreds of additional artifacts from the shipwreck will be held in February.
In anticipation of the auction, Holabird has created a limited edition 280-page catalog with numerous previously unpublished illustrations of the recovery of the S.S. Central America, some of which are reproduced in 3-D as shot during the discovery missions with a remote-controlled submersible nicknamed “Nemo.”
Copies of the catalog are available for $100 while supplies last.
Auction lots can also be viewed online.
For more information about the auctions or to buy a printed catalog, visit the Holabird website or contact the company at 775-851-1859 or info@holabirdamericana.com.
The Latest

Watch as Edahn Golan, Sherry Smith and Avi Levy join Michelle Graff to talk pricing and trends in this controversial corner of the market.

The two companies initially partnered during the pandemic and had just signed a 10-year sales agreement in November 2022.

A classic diamond tennis necklace gets a whole lot cooler with a removable pendant.

Awareness is essential to proactive protection. Learn how to promote and maintain safety and security awareness in your business.

Associate Editor Lauren McLemore recently spoke with Columbia Gem House’s Eric Braunwart about the uptick in non-traditional gemstone cuts.


“Pre-Owned Luxury by Rocksbox” offers secondhand jewelry from Kay, Zales, and Jared to members and non-members.

The museum is asking for the public’s help in finding thousands of pieces of ancient gold jewelry and gemstones stolen from a storeroom.

Do you always want the right diamonds at the right price in your store? Introducing Dialog, the world’s first diamond subscription service.

The company was recognized for one of its private-label, consumer-focused jewelry care lines.

The plea comes against a backdrop of declining demand and falling prices.

Shoppers also expressed concern about rising prices, higher interest rates, and political uncertainty.

Participants from the first round of grants saw up to a 900 percent increase in their platinum sales.

According to the watchmaker, it features the first light-powered atomic timekeeping moon phase movement.

The former teacher, described as “a pioneer for women-owned businesses,” opened her own jewelry store in 1980.

The contest is now open for submissions until Oct. 10.

The annual event will return to Rosemont, Illinois next August.

According to SpendingPulse, retail sales will increase in November and December but not necessarily for jewelers.

Police say Douglas Wayne Gamble also swapped natural diamonds for synthetic stones and failed to return customers’ repairs.

The designer just launched a new bridal range at Kay Jewelers.

Yunjo Lee has also worked on collections for Tiffany & Co. with Paloma Picasso and Frank Gehry.

Steve Levine joins the family-owned company, while his brother Gary has a new position.

The company has filed complaints against Royal Chain and Samuel B.

The two-stone style benefits from two-toned metal.

The event is moving just outside of Denver.

The company just rolled out “Timex Rewound,” a new takeback and resale program.

The lab confirmed it did not send the message.

The second installment of “To Treasure Now and Forever” is intended to emphasize diamonds’ versatility.