Thursday, 17th January 2008 (2371 views)

A sixty-pound gold bar that was prospected during the California gold rush and subsequently recovered after being lost at sea in 1857 is among the artefacts on show at the newly reopened Museum of American Finance.

Also on display at the museum, which has relocated to New York's Wall Street as part of a $9 million (£4.5 million) makeover, are coins salvaged from Spanish galleons on their way to the New World.

The exhibits are part of the museum's attempts to promote a better understanding of America's financial past.

Lee Kjelleren, the museum's president and chief executive officer, said: "As the only public and independent museum of finance, we are proud to be a guardian of America's collective financial memory, while also serving as an interpreter of current financial issues."

The museum's location, at 48 Wall Street, is itself part of New York's economic history, as it was originally the home of the Bank of New York, the city's oldest financial institution.

 

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