BS: Salvaged!

Subject: BS: Salvaged!
From: beardedbruce
Date: 18 May 07 - 08:25 AM

Shipwrecked treasure ship yields historic riches
POSTED: 7:42 a.m. EDT, May 18, 2007
Story Highlights• 17 tons of colonial-era coins worth $500 million, Odyssey Marine Exploration says
• Salvage project "Black Swan" in Atlantic Ocean cloaked in secrecy
• Court records show coins might be from a 400-year-old ship found off England
• "Unprecedented" find from colonial era, rare coin expert says

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TAMPA, Florida (AP) -- Deep-sea explorers said Friday 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.

http://www.cnn.com/2007/US/05/18/treasure.ship.ap/index.html

Subject: RE: BS: Salvaged!
From: GUEST,New Mismatist
Date: 18 May 07 - 08:52 AM

Won't the value drop if they are that common?

Subject: RE: BS: Salvaged!
From: Amos
Date: 18 May 07 - 09:28 AM

Wonderful work, Odyssey. Interesting how careful they have learned to be about being close-mouthed; they won't announce the vessel, the details of the coins, or anything else about it, except that they made a major find. Wow.

They're doing it right, by all appearances.

They will release the coins intot he market over time to prevent too much sag in price; these are colonioal era, uncirculated coins which, reportedly, have survived in excellent condition.

A

Subject: RE: BS: Salvaged!
From: Rapparee
Date: 18 May 07 - 09:32 AM

So that's why my g-g-g-g-g-grandfather didn't get paid!

Subject: RE: BS: Salvaged!
From: catspaw49
Date: 18 May 07 - 09:34 AM

Buddy can you spare a dime? I'd like to purchase another c&p thread.....................

Spaw

Subject: RE: BS: Salvaged!
From: beardedbruce
Date: 18 May 07 - 09:36 AM

Have a quarter, and go look for someone who cares.

Subject: RE: BS: Salvaged!
From: The Fooles Troupe
Date: 18 May 07 - 10:38 AM

Hey, that's a great way for drug dealers to launder money - silver is cheap to buy - make fake OLD coins and flog them at a premium - who wants to share the book and film rights with me?

Subject: RE: BS: Salvaged!
From: Donuel
Date: 18 May 07 - 11:13 AM

Well, I know how to make convincing pre columbian artifacts but that doesn't mean I am willing to defraud an unsuspecting Republican arms dealing billionaire and sell him some for 33 million $.

Subject: RE: BS: Salvaged!
From: The Fooles Troupe
Date: 18 May 07 - 11:24 AM

Ah, but if he's IN on it...

Subject: RE: BS: Salvaged!
From: Peace
Date: 18 May 07 - 01:40 PM

"pre columbian artifacts"

If they explode, you're a shoo-in to be the next Bill Gates.