When this Civil War-era side-wheel steamship sank during a violent gale
off the Georgia coast in October, 1865, it went down with something
other than the ordinary goods most vessels of the era carried. In the
case of the Republic, her holds were filled with tons of silver and gold
coins and ingots being transported from the West Coast to help rebuild
the war-ravaged south, making her loss an incalculable financial blow to
the country at a time when it was still struggling to regain its
economic legs after four years of civil war. (The only positive thing
from the sinking was that the ship’s entire crew and passengers managed
to get off safely before the ship foundered, making it one of the few
famous shipwrecks that did not result in loss of life.) The ship’s
precise location remained unknown until 2003, when she was finally
located after an extensive search some 100 miles off the Georgia coast
in nearly 1,700 feet of water. The subsequent recovery effort not only
yielded one of the largest caches of gold and silver coins in history,
but included a fascinating assortment of 19th century goods that
revealed much about life in the mid-nineteenth century. By the time the
recovery was concluded, over 51,000 U.S. gold and silver coins had been
recovered along with nearly 14,000 artifacts, making it not only the
richest find in the history of salvaging, but the highest-tech
archaeological excavation ever conducted. So successful—and
lucrative—was the expedition, in fact, that it set a precedence for the
emerging field of deep-water shipwreck exploration and recovery.
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