KATE 1oz GOLD PROOF COIN

 
Denomination: $3.00
Weight: 31.489 grams
Diameter: 35 mm
Alloy: .999 Fine Gold
Issue Limit: 750
Price: $1,700
 
 
 

Kate was an iron hulled English Steamer built in Whitby, England in 1874. She was around 200-ft long and displaced 1,413 tons.

On 30th November 1878 Kate was sailing from Galveston, Texas to Le Havre, France and was twenty-two miles northwest of Gibbs Hill Lighthouse, Bermuda, when she hit a reef. Shortly afterwards disaster struck again and she collided with Long Bar. After the second impact she began to take on water and her captain, James Simpson, signalled for help.

She was towed by the tugboat, Ackerman, but, because of the extent of the damage she had sustained. It was necessary to run her aground to stop her from sinking. All of her crew survived and her cargo of cotton bales was salvaged.
Less then two weeks later, on 10 December 1878, a gale caused further damage to the ship, blowing the wreckage into deeper water.

Today Kate sits in forty-five ft of water and her boilers, engine, propeller shaft and deck winches are still visible. Her propeller has become separated from the rest of her remains and sits alone on top of the reef in twenty ft of water.​

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