Gold Bars Pulled From 1850s Shipwreck? Taxable Says IRS

Gold ingots worth $1.3 million dollars were recovered from an 1857 shipwreck off South Carolina’s coast. The loot was painstakingly brought to the surface from the SS Central America, which lies beneath 7,200 feet of Atlantic Ocean. Also recovered were $20 Double Eagle coins minted in 1857 in San Francisco and 1850 in Philadelphia.

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