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99% Invisible · November 6, 2026 · 40m 34s

100 Objects #23: Coin From the Ship of Gold

In 1857, the SS Central America sank off the coast of South Carolina with thousands of pounds of California gold destined for New York banks. The loss triggered the Panic of 1857, the first global financial crisis, and heightened sectional tensions that helped fuel the Civil War. Over a century later, the discovery of the wreck and its treasure led to legal battles that destroyed the life of the man who found it.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Preview

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The Sinking of the SS Central America Sparked the First Global Financial Panic
The loss of thousands of pounds of gold when the SS Central America sank triggered the Panic of 1857, the first worldwide economic crisis.
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Lost Gold May Have Fueled the Civil War
The economic disruption from the lost gold may have intensified sectional tensions that contributed to the American Civil War.

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