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Historians Question Claim About Sunken Fortune

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Experts on Great Lakes history are casting doubt on a San Pedro salvage operator’s assertion that millions of dollars in gold coins are aboard a 19th-Century steamship at the bottom of Lake Erie.

Tom Farnquist, executive director of the Great Lakes Shipwreck Historical Society in Detroit, said Wednesday that there was no secret about where the steamer Atlantic sank in 1852. A book says the ship’s safe was raised four years after the Atlantic sank. Salvage operator Steven Morgan said there was more than one safe on the vessel and he still thinks the gold aboard could be valued at $60 million.

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