Bat Masterson (Gene Barry) is in a poker game with Col. John Wengraf and wins everything he has, even a very old watch, even though Wengraf accuses him of cheating. Wengraf's niece, Karen Steele, asks Bat for the watch. She says that engraved on the watch are encoded figures that will let them locate a phantom ship of the desert that was supposed to have carried a treasure. Her henchmen knock out Bat while they are talking, and Wengraf gets the watch. Bat does research about the ship and heads out into the desert, where he finds Steele unconscious on her horse. Michael Forest, one of their henchmen, shot Wengraf and left him. They find the ship, which the sandstorm has uncovered. And the jewels are there. Just then Forest and the other gunman show up. They trade shots. Wengraf if still alive, but has to get to a doctor immediately. Bat offers them half if they will let them get him to town. They tell him that they are going to take it all regardless. Then Wengraf arrives. They offer to trade Bat's gun for Wengraf's life. Wengraf touches the treasure and dies. Then Bat overpowers the duo and they escape - and then the sand buries the wreck again.
Wengraf
Steele
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