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The Mediterranean red coral, Corallium rubrum (L.), has been a valuable economic resource for more than 2000 years. The Sicily Channel and surrounding areas are one of the most famous red coral fishing grounds of the whole region, hosting the deepest ever found living colonies and large sub-fossil red coral deposits; the so-called Sciacca banks are a unique location in the whole Mediterranean Sea. In this paper, a morphometric description of this sub-fossil population is presented for the first time from studies of colonies in the collection of several coral factories from Torre del Greco (Naples), with radiocarbon age estimations and growth rate evaluations. From the results of this study, after several thousand years Sciacca red coral colonies maintained the organic matrix structure with evident annual discontinuities, allowing estimations of the annual growth rate (about 0.3 mm/year) and the average population age (about 33.5 years). These resulting data are similar to the values determined for deep-dwelling living red coral populations. The radiocarbon dating evidenced a range of ages, from 8300 to 40 years before 1950 CE, mostly falling between 2700 and 3900 YBP, suggesting that colonies accumulated over a wide span of time. In view of the tectonically active nature of the area, several catastrophic events affected these ancient populations, maintaining them in a persistent state of early-stage, structurally similar to the those in current over-exploited areas.