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Initial 1,000 ounces of gold recovered from sunken ship off South Carolina coast
Reported by: Associated Press
Reported: Monday, May 5, 2014 11:15 AM EDT
An expedition to recover the remaining treasure from the wreck of a 19th-century steamship off South Carolina has recovered nearly 1,000 ounces of gold.
An expedition is expected to be on site until late summer recovering the rest of the gold from the ship that yielded about $50 million a quarter century ago before legal entanglements shut down the recovery.
Investors in Ohio said they provided money for the initial expedition but never received any return. An Ohio judge cleared the way for the new expedition in March.
The Central America sank in an 1857 hurricane about 160 miles off South Carolina.