Many ships were abandoned in San Francisco during the California Gold Rush as their crews and passengers headed straight for the gold areas. Some became semi-permanent buildings and some became landfill. Their local value was less than their value in other ports, presumably because of the lack of available labor to sail anywhere else. This would have been terrible for the sellers of ships, and great for anyone interested in buying ships.
During this period, how much did the price of sailing ships drop in San Francisco?