The wooden two masted schooner Grey Eagle was built by the shipyard of Bidwell & Banta in Buffalo, New York in the year 1857. In 1861 the vessel was rated A2 and had a valuation of $11,200. At the time the vessel was driven ashore, it was valued at $12,500, rated B1 and insured for $10,000. The Grey Eagle and Sea Bird registration number 22276 were sister schooners.

Last Document Of Enrollment Surrendered: 4/26/1867; Milwaukee: "Total Loss".
On Saturday, July 10, 1869, the schooner Grey Eagle was driven ashore on the north point of Whitefish Bay (south of Jacksonport, Door County, Wisconsin) during a severe southwest gale. The schooner was bound for a Green Bay port to pick up a cargo of lumber. The Millwaukee Sentinel of July 19, 1869, reported that the schooner was a total loss and going to pieces although the crew of the Yankee Trader managed to remove some items.