US salvage of 500 million U.S. treasures is the largest wreck treasure in history (Photos)

US salvage of 500 million U.S. treasures is the largest wreck treasure in history (Photos)

Salvaged coins.

On the 18th, Odyssey Marine Exploration announced that it had recovered a treasure worth 500 million U.S. dollars. This is a photo of the company’s May 5 shooting of the underwater detector.

Local media reported on the 19th that the United States Odyssey Marine Exploration Company announced on the 18th that they had recovered about 500,000 gold and silver coins from a sunken ship on the Atlantic Ocean, which is estimated to be worth 500 million U.S. dollars. This is the greatest sunken asset that humans have ever recovered from water.

Discover treasure

Salvage 500,000 gold and silver coins

Odyssey Marine Exploration Company announced on the 18th that they recently launched an ocean salvage program codenamed "Black Swan". The company has successfully recovered from a colonial-era deep sea wreck through advanced remote control submarines. 500,000 silver coins, hundreds of gold coins, and other gold ornaments, cutlery, and artifacts. These gold and silver coins, with a total weight of more than 17 tons, were loaded into hundreds of plastic boxes and shipped back to the United States by a cargo aircraft. Florida.

Odyssey Marine Exploration Company did not disclose any specific information about coins, such as their country, type and denomination.

Stomer, one of the founders of Odyssey Marine Exploration Co., Ltd., said: “The earliest discovery of 6,000 silver coins was very well preserved. This surprised us very much. The subsequent discovery of gold coins was almost intact and even more dazzling. The sources of these coins were dazzled. We are very excited about this, our time and characteristics. We believe that the collection community will be shocked to see the quality of these various coins being so high."

Odyssey Marine Exploration plans to sell coins to collectors and investors at an average price of $1,000 each.

Odyssey Marine Exploration Corp., located in Tampa, Florida, is the world's leading sinker search, salvage, and sunken ship sales company, with cutting-edge equipment such as remote control technology, robotics, and deep-sea cameras.

Shipwreck

Far from any country’s territorial sea

Odyssey Marine Exploration Company stated that they had recovered the above treasures on a sunken ship in the Atlantic Ocean. For safety reasons, Odyssey Marine Exploration did not disclose details of salvage and the specific location of the wreck.

Stomer, one of the company's founders, said that the location of the shipwreck is far from the territorial waters and legal jurisdiction of any country. Last fall, a lawyer from Odyssey Marine Exploration filed a US federal court application for a salvage order requesting the salvage of a 17th-century sunken ship near the English Channel. However, Stemmer declined to say whether the newly-acquired shipwreck treasure was on the English Channel or not. This ship is nearby.

Stomer said that due to the discovery of several colonial shipwrecks in the same area, it is currently impossible to determine the country, age, and hull size of the ship that loaded the coins. Stomer said that Odyssey Marine Exploration will further announce the details later.

However, court records show that this shipwreck may have been a merchant ship of the 17th century and sank in the sea near the Isle of Scilly in the southwest of England.

Odyssey Marine Exploration also announced that they may go to salvage sites again to find more coins and treasures.

Total treasure

Worth up to 500 million U.S. dollars

The numismatic expert Bruyer of Odyssey Marine Exploration Co., Ltd. said that these coins are mostly made of silver and not only have different kinds, but some may not even flow through, and their preservation is better than that of the coins discovered so far. He believes that each price is between hundreds and thousands of dollars, and some prices may be higher. Brillier examined some of these coins. He said: "This discovery was unprecedented. I never knew that any discovery would be equivalent to it."

According to the Odyssey Marine Exploration Company, the value of the old gold and silver coins that were recovered was as high as 500 million U.S. dollars, which is the largest sunken asset that humans have ever recovered from water.

Prior to this, the “Athocha of the Virgin”, discovered by American Fischer in 1985, was recognized as a big treasure. The Spanish merchant ship that sank in 1622 had more than 40 tons of gold and silver and 40 kilograms of emeralds. The value of 400 million U.S. dollars. According to the Odyssey Marine Exploration Company personnel, the value of the new treasure they found was higher than that of the “Athos”.

British officials believe that the wrecked treasures recovered by Odyssey Marine Exploration Co. apparently came from the 17th-century wrecked "Royal Merchant". In 1641, the "Royal Merchant" merchant ship belonging to a merchant organization in London, England, under the captain Limbrey's, was loaded with 80 crew members and gold and silver treasures, set sail from Central America and Mexico, and prepared to return to the United Kingdom via the Atlantic Ocean. According to historical records, the ship was loaded with about 300,000 pounds of silver coins, 100,000 pounds of coins, and countless other jewels. The total weight was 17 tons. However, due to abrupt changes in the weather at sea when approaching the British Isles of Scilly, the ship was unfortunately sunk.

The accident of the "Royal Merchant" was undoubtedly a great loss to Britain at that time. Upon learning of this alarming news, the ongoing meeting of the British House of Commons was interrupted. After the "Royal Merchant" sank, the British government had repeatedly sent warships and fishing boats to search for it, but it had not been there.

Sunken ship

17th Century British Merchant Ship

According to the provisions of the current international law of the sea, the British territorial sea refers to an area extending 12 miles (approximately 22 kilometers) from the British coastline to the sea. Odyssey Marine Exploration Company stated that the salvage site is located on the high seas. Therefore, even if the shipwreck proved to be the “Royal Merchant”, the British government has “failed it”.

According to the International Salvage Law, Odyssey Marine Exploration Company can retain 90% of the shipwreck treasures. The rest of the destination will depend on who the original owner of the shipwreck is and whether anyone has come to claim the treasure. The British government may also be assigned a treasure.

Treasure ownership

90% Treasure returned to Salvage

Market Reaction

Salvage company shares soared

This is the largest discovery of the Odyssey Marine Exploration Company since its establishment in 13 years. In September 1998, the company salvaged the ancient Carthage shipwreck "Meycas" and received a large number of treasures on board. In 2003, the company discovered wreckage near the Savannah River in Georgia, USA, and obtained millions of dollars worth of coins and treasures. The company suffered consecutive losses in 2005 and 2006. On the day of the announcement of the salvage of the Great Treasure, Odyssey Marine's stock rose 80.9%, closing at 8.32 US dollars per share.

Stome, one of the company's founders, said that for this amazing discovery, they "did not cheer loudly but felt for the first time in a long time that they could have a breath." Stomer said: "Now people are beginning to understand that we are engaged in real industries and are repeatable, rather than relying on luck."

Salvage stories

Treasure hunt will make a movie

Marsden, an internationally renowned maritime archeologist, said: “Many of these exploration activities are aimed only at excavating treasures. Although some people speak about archaeological work, I still believe that they have the obligation to record, protect, and most importantly, publish ships. Wreckage and details of items on board other than the Treasury. A large number of historical sites at these sites are disappearing." Marsden said that this discovery shows that all countries should reach an agreement on the protection of the sunken shipwrecks because the shipwreck country and the discoverer were often involved. There will be controversy.

Morris, CEO of Odyssey Marine Exploration, said that they were not robbing the shipwreck. Morris said: "Our team is working cautiously at salvage sites and thoroughly and thoroughly documenting the details. The archaeological work done is impeccable. We believe this is of historic significance."

Odyssey Marine Exploration Company also revealed that it is currently looking for suitable partners and hopes to negotiate on the rights of film and television adaptation, publishing of copyright, etc. in order to present the history and stories behind this ancient ship in front of the world.

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