The Leeuwin is historically significant as one of only four wrecks of steamships in Victorian waters associated with the western district of Victoria's coastal steamship trade, along with the Casino, Coramba and Champion. It was built for this trade, and later served the Queensland and Western Australian coastal and mail trades before as the renamed Leeuwin, becoming a hulk and eventually scuttled in the Shipwreck Graveyard in Bass Strait. It is recreationally significant as one of the wrecks in Victoria's Ships Graveyard.