Shipwreck Yields Estimated $500mm

DesertRat · May 18, 2007 2:46AM

Treasure Ship

Goober · May 18, 2007 2:52AM

I read that article earlier. I remember being infactuated with treasure hunting after seeing the movie The Deep back in the '70's as a kid.

laurentyvan · May 18, 2007 2:54AM

Historians believe the 157-foot warship was carrying nine tons of gold coins to buy the loyalty of the Duke of Savoy, a potential ally in southeastern France. Odyssey believes those coins could also fetch more than $500 million.

Those holding certain coins in the belief that they are very valuable may change their minds as more similar coins surface, making their coins less valuable.

DesertRat · May 18, 2007 4:51AM

I would like to have a set of shipwreck coins. One of each metal from each shipwreck.

MrBreeze · May 18, 2007 5:53AM

The shareholders are very happy.

Goober · May 18, 2007 6:33AM

<< <i>The shareholders are very happy. >>

There's a show on one of the extended networks about treasure hunters, and near the end of the show they're sitting around with a few of the shareholders divying out some of the loot that was acquired. My wife probably thought I was watching the Food Channel because I was drooling.

MrBreeze · May 18, 2007 6:36AM

There are actual shareholders, the company is public - OMR.

tonyhar · May 18, 2007 9:39PM

The BBC have more details on their website BBC

worldcoinguy · May 19, 2007 12:02PM

"The gold coins are almost all dazzling mint state specimens," Odyssey co-founder Greg Stemm said.

Interesting description after 360+ years underwater.

Shipwreck Yields Estimated $500mm

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