9 tons of gold on a shipwreck!

mrdq

While on the treadmill yesterday I overheard a guest on Oprah say he's looking for a ship in the Mediteranien Sea that he believe's has 9 TONS of gold on it. Does anyone know who this guy is and where I can get more information?

He's the same guy who found some ship off the coast of Georgia worth 150 million. Those are the 2 only facts I got off the show.

9 TONS OF COINS!!!!! woot ( maybe bars, but a guy can dream )

nwcs

Nope, but that would be cool. Most likely it would be bullion bar form. I'd guess ancient gold, too. There is undoubtedly a great deal of gold and silver in the Mediterranean that has not been recovered. Mostly because of the political and legal situations.

Shamika

Was it Ballard (the guy who found the Titanic)?

Iampoorman2

But they didn't bring up the titanic. The Mediterranean is pretty darn deep. It could cost more to bring up than the other finds.

Weiss

mrdq, from Oprah.com listing of Wednesday's show. I don't see anything about the Med, but...



Greg Stemm turned his childhood dream of hunting for sunken treasure at sea into reality. His company, Odyssey Marine Exploration, scours the ocean floor, searching for ships that sank centuries ago.

Last summer, Greg and his team literally struck gold when they found the remains of the SS Republic, a ship that sank in a hurricane off the coast of Georgia in 1865. High-tech equipment is being used to recover the ship's booty from 1,700 feet below the surface. The astonishing find? So far, nearly 40,000 coins have been recovered. The entire collection of coins is estimated by some to be worth more than $150 million.

Shareholders of Odyssey Marine Exploration, a publicly traded company, will reap the rewards. More information is available at www.shipwreck.net.

MrEureka

Sounds like Greg Stemm of Odyssey, talking about their Sussex project.

Weiss

Here's a little more. Maybe this is what you heard referenced?

TAMPA - - (July 17, 1998) - - Odyssey Marine Exploration, Inc. (OTC Bulletin Board: OMEX) began search and inspection operations in the Mediterranean Sea today on the "Cambridge Expedition". "Cambridge" is the code name for a British war ship that sank in deep water in the Mediterranean Sea over 300 years ago while transporting a large cargo of coins.

Based on research conducted by Odyssey, the company's management believes the "Cambridge" was carrying a large cargo of coins with a potential numismatic value of between $200 and $500 million or more, depending on the denominations and the condition of the coins.

The search and inspection phase of the "Cambridge Expedition" begins with a side-scan sonar search over an area of approximately 100 square miles, where depths range from 200 to 900 meters. Anomalies detected with the side-scan sonar will be classified and prioritized upon completion of the survey. These anomalies will then be inspected using a remotely operated vehicle (ROV). The ROV will be equipped with cameras to allow the search team to view the sites, in order to determine for certain whether the target is the "Cambridge". An archaeologist from the Royal Naval Museum of Portsmouth, England will also accompany the crew during the inspection operation to aid in positive identification.

If the shipwreck is found, the operation will feature an industry "first"; transmission of actual video footage of robotic exploration of the shipwreck site to Odyssey's web site at www.shipwreck.net, which is accessible to the public at no charge. Operational updates and photos of the operation will also be available on the Odyssey Internet site.

The "Cambridge" search and inspection operation is a joint expedition between Odyssey Marine Exploration and the British Royal Naval Museum. This project presents a unique opportunity to share the Naval Heritage of the United Kingdom with the public in an exciting and technologically advanced manner. The United Kingdom Ministry of Defence, Odyssey Marine Exploration and the Royal Naval Museum intend to cooperate to maximize the educational, scientific, and archaeological benefits that may be realized by finding this historically significant shipwreck.

Odyssey Marine Exploration Inc. (www.shipwreck.net) specializes in researching, permitting, financing, and marketing deep-water shipwreck projects on a worldwide basis. Led by deep-water archaeological shipwreck recovery pioneers John Morris and Greg Stemm, the company combines cutting edge technology with extensive research and sound archaeological practices. Odyssey currently has several shipwreck projects in various stages of development throughout the world.

Steve27

The Mediterranean is shallow when compared with the Atlantic.