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17 Tons of Shipwrecked Coins
Fri, 18 May 2007
Why do some deep-sea explorers have all the luck? If only I had the millions of dollars of ocean equipment, a fleet of ships, 13 years of research and an under water robot, maybe I too would have found the 17 tons of colonial-era silver and gold coins worth more than $500 million that Odyssey Marine Exploration found. Oh well, maybe next time.
TAMPA, Fla. - Deep-sea explorers said today they have mined what could be the richest shipwreck treasure in history, bringing home 17 tons of colonial-era silver and gold coins from an undisclosed site in the Atlantic Ocean. Estimated value: $500 million.A jet chartered by Tampa-based Odyssey Marine Exploration landed in the United States recently with hundreds of plastic containers brimming with coins raised from the ocean floor, Odyssey co-chairman Greg Stemm said. The more than 500,000 pieces are expected to fetch an average of $1,000 each from collectors and investors.
"For this colonial era, I think (the find) is unprecedented," said rare coin expert Nick Bruyer, who examined a batch of coins from the wreck. "I don't know of anything equal or comparable to it." read more...