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Saturday, May 19, 2007

17 Tons of Treasure Pulled From Shipwreck

Expert Says Value Could Be $500 Million

Washington Post Staff Writer
Saturday, May 19, 2007; Page A03

A ship that sank hundreds of years ago in busy waters of the Atlantic has delivered an unprecedented underwater bounty to American treasure hunters: 17 tons of silver coins and hundreds of gold coins, jewelry and objects.

The value, estimated by a rare-coin dealer working with the firm, may be as much as $500 million.

The enormous find was revealed yesterday by Odyssey Marine Explorations of Tampa, a publicly traded company that finds, explores and salvages shipwrecks in international waters. The company has made several major discoveries before, but they pale in comparison with the haul from what its officials code-named "Black Swan."

(click for full article)