$6,000 in Gold Coins found near Cayman Brac

[jeff of pa]

Valued at ? I wonder what that means.
Today at least, that could be 1 Coin
or back than, that could have been 6000 $1.00 coins.

22 lbs sounds like allot though.

& think they may have been Valuing by 1901 Weight Value

 

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[BillA]

so what might be the ship ?

 

[ropesfish]

Gold price from 1840 til 1932 was $22.67
$1 in 1901, adjusted for inflation would be $30.23 in 2020.
Gold is worth $1583 this morning.
22 lbs would be worth about $475,000. ( multiplied by 4 to 6 for historic value)
That would make a nice day's work...

 

[GoDeep]

How do you find all these cool old articles? I've noticed you come up with them from papers all over the USA, even my home state of Minnesota!

 

[jeff of pa]

Newspapers .com & Chronicling america

 

[A2coins]

Wonder if they were talking about face value now that would be a fortune in weight