American bounty hunters submit plans to raise gold coins worth hundreds of millions from the wreck o
mrearlygold
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American bounty hunters submit plans to raise gold coins worth hundreds of millions from the wreck of HMS Victory
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U.S. bounty hunters should not be allowed to raise the wreck of one of Britain's greatest warships and take some of the millions of pounds of gold it contains, it has today been claimed.
Leading archaeologists and descendants of the crew of HMS Victory, predecessor to Nelson's flagship, say that allowing it to be exploited for commercial gain would be a 'flagrant breach' of the military covenant and a betrayal of the more than 1,000 Royal Navy sailors who died.
In 2008, the wreck was discovered by Odyssey Marine Exploration, a U.S. company, some 264 years after it sank in a storm off the Channel Islands.
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.
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U.S. bounty hunters should not be allowed to raise the wreck of one of Britain's greatest warships and take some of the millions of pounds of gold it contains, it has today been claimed.
Leading archaeologists and descendants of the crew of HMS Victory, predecessor to Nelson's flagship, say that allowing it to be exploited for commercial gain would be a 'flagrant breach' of the military covenant and a betrayal of the more than 1,000 Royal Navy sailors who died.
In 2008, the wreck was discovered by Odyssey Marine Exploration, a U.S. company, some 264 years after it sank in a storm off the Channel Islands.
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Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
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Comments
a good read. tx
i was all for letting whomever finds it and gets it up reap the benefits, but then the part about preserving the history and making sure "everything possible" is brought up really won me over. with these ships being so difficult to raise form those depths it is easy to believe that the process would be rushed from a cost standpoint and the necessary grace required for proper and thorough excavations would not be possible.
although i will also say that if preserving the ocean bottom and anything it contains was truly a goal of our "government" and whomever else is on the sharing with the public and whatnot, then why is trolling so widely accepted (accepted meaning not stopping) and why is using preservation as an excuse for the preservation of wrecks an acceptable argument? i wonder how many plastic bottles, tires and diapers will be down with that wreck also? i will admit i do not know how far down trolling goes but it has stripped and flattened many a floor bottom and anything it contains(ed).
ultimately, whether it be a gallery, museum, investor(s), government protection, a big part of the end goal is money and both sides are arguing saying their side is right when at the end of the day is sounds 50/50 to me.
i think the history part does tip the scales but even that is slighted because a huge majority of historical items all across the world (USA specifically for this post) just sits and collects dust in basements and vaults. not exactly a valid point to win over the hearts and minds and all that but one could argue that at least it is safe and sound sitting in those basements for when we would like to or need to have access to it.
thanks for letting me speak my peace
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<< <i>People don't spend years and millions finding stuff for nothing. 80:20 is fine. >>
Except when the courts award the treasure to a country that stole it in the first place.
See Odyssey Marine v. Spain, regarding 12 tons of gold and silver coins recovered from a sunken ship.
The Court decided to award the entire treasure to Spain, without compensating Odyssey Marine even one cent for the costs of recovery.
IMO Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it.
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>
<< <i>People don't spend years and millions finding stuff for nothing. 80:20 is fine. >>
Except when the courts award the treasure to a country that stole it in the first place.
See Odyssey Marine v. Spain, regarding 12 tons of gold and silver coins recovered from a sunken ship.
The Court decided to award the entire treasure to Spain, without compensating Odyssey Marine even one cent for the costs of recovery.
IMO Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it. >>
Agreed.
They call me "Pack the Ripper"
<< <i>Hey does anyone know what ever happened with that guy Tommy Thompson who found the SS Central America and then went on the run and never paid his investors or crew? Did they ever find him and did he ever pay anybody? >>
Here's the latest, from my neck of the woods.
It truly was "America's Treasure".
They call me "Pack the Ripper"
<< <i>It is rotting at the bottom of the ocean.... raise it and claim the coins. Cheers, RickO >>
I agree. It's down there, get it up.
<< <i>
<< <i>Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it. >>
Rich,
I like that idea - mabe dump it a few miles away too from the originally discovery too.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
<< <i>
<< <i>People don't spend years and millions finding stuff for nothing. 80:20 is fine. >>
Except when the courts award the treasure to a country that stole it in the first place.
See Odyssey Marine v. Spain, regarding 12 tons of gold and silver coins recovered from a sunken ship.
The Court decided to award the entire treasure to Spain, without compensating Odyssey Marine even one cent for the costs of recovery.
IMO Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it. >>
Pretty crazy, just another sign the apocalypse is upon us when you can find 200 year old sunken treasure and not get a penny of it.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>
<< <i>
<< <i>People don't spend years and millions finding stuff for nothing. 80:20 is fine. >>
Except when the courts award the treasure to a country that stole it in the first place.
See Odyssey Marine v. Spain, regarding 12 tons of gold and silver coins recovered from a sunken ship.
The Court decided to award the entire treasure to Spain, without compensating Odyssey Marine even one cent for the costs of recovery.
IMO Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it. >>
Pretty crazy, just another sign the apocalypse is upon us when you can find 200 year old sunken treasure and not get a penny of it. >>
I don't know, sometimes there are more important aspects than money. As long as their kids are alive we are taking about a grave yard IMO. If you dig up my Dad's grave and take his gold wedding band off of his finger and call it treasure. I would shoot you.
<< <i>
<< <i>
<< <i>
<< <i>People don't spend years and millions finding stuff for nothing. 80:20 is fine. >>
Except when the courts award the treasure to a country that stole it in the first place.
See Odyssey Marine v. Spain, regarding 12 tons of gold and silver coins recovered from a sunken ship.
The Court decided to award the entire treasure to Spain, without compensating Odyssey Marine even one cent for the costs of recovery.
IMO Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it. >>
Pretty crazy, just another sign the apocalypse is upon us when you can find 200 year old sunken treasure and not get a penny of it. >>
I don't know, sometimes there are more important aspects than money. As long as their kids are alive we are taking about a grave yard IMO. If you dig up my Dad's grave and take his gold wedding band off of his finger and call it treasure. I would shoot you. >>
One is meant to house the dead. The other is the ocean. That's a pretty big stretch.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>
<< <i>People don't spend years and millions finding stuff for nothing. 80:20 is fine. >>
Except when the courts award the treasure to a country that stole it in the first place.
See Odyssey Marine v. Spain, regarding 12 tons of gold and silver coins recovered from a sunken ship.
The Court decided to award the entire treasure to Spain, without compensating Odyssey Marine even one cent for the costs of recovery.
IMO Odyssey Marine should have dumped the treasure back into the ocean, and told Spain, it's in there, you go find it. >>
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Somewhere I read that dumping it back in the sea would be big trouble, contempt of court and lawsuits. Also somewhere I read that the whole court decision was a bargaining deal with Spain to get back stolen US artwork found in Spain. Spain would force the return of the stolen US art and the US would force the transfer of Odyssey's treasure to Spain.