- Posted: May 06, 2021Categories: Rare US Coins, Rare Gold Coins, Shipwreck CoinsRead more »
Occasionally customers call and ask us, "Can I buy gold ingots?" Many of them are especially interested in gold ingots from the SS Central American Shipwreck. What's interesting is where these gold ingots came from—The California Gold rush. It was a very fascinating time in American History.
This is when massive fortunes were made and lost. Most importantly, gold remained a testament to this exciting time period. Prospectors were frantic to discover it. They took gold nuggets in rocks to gold dust in rivers. This raw gold was turned into gold coins and bars—called ingots.
The gold was first mined in the California Hills and then taken to private refiners or assayers. They would weigh the gold and estimate its purity. Furthermore, it paid the miners for their hard work. The gold was amassed by the refiners, so the assayers could melt and ref