The wooden two masted schooner Persia was built in 1855-56 at Chicago by D. Barrett. Her official registry number was 19672 and she was rated A1, valued at $4,000 in 1863 and in 1874 rated B2 and valued at $3,000 by the Board of Lake Underwriters. In 1865 she was readmeasured, 96.69 gross tons.
On June 2nd, 1892 the two masted schooner Persia sprung a leak, became waterlogged and anchored offshore on Lake Michigan. She dragged her anchors and stranded 8 miles north of the USLSS at Racine. The captain, Sam Martin, and his two crew members escaped in the ship's yawl. The Persia broke up rapidly, scattering lumber on the beach where much of it was scavenged by local farmers. The vessel was valued at $1,000 and was uninsured. The cargo, consigned to Kelly, Weeks & Co., was also valued at $1,000 and was not insured. The USLSS report for June 6th states that the vessel was dismantled, the spars, sails, and rigging being brought into Racine harbor for the master.

In the early 1990's Bob Jaeck located the remains.