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  Topic: It may not look much, but this lost
treasure fought over by Spain and U.S.
salvage firm is worth $500 million
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It may not look much, but this lost
treasure fought over by Spain and U.S.
salvage firm is worth $500 million

Daily Mail [UK], by Jill Reilly

Original Article

Posted By:Bill the Cat, 11/30/2012 3:00:51 PM

A treasure haul salvaged from a sunken Spanish galleon sunk by British warships in 1804 was unveiled today. The loot was found in the wreck of Nuestra Senora de las Mercedes and had been at the centre of a five-year legal battle between a U.S. salvage company and Spain. US firm Odyssey Marine Exploration found the lost treasure off Portugal´s Atlantic coast in 2007. At the time, the treasure was estimated to be worth $500m (£316m).
Headline split by staff.

Comments:
Next time, keep your mouth shut and sell what you find on the black market. That´s the lesson learned here.

      


Post Reply  

Reply 1 - Posted by: Bevan, 11/30/2012 3:09:21 PM     (No. 9041763)

If it looks like Spain will get the loot, I´d drop it back in the ocean over the Mariana trench

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Reply 2 - Posted by: ohioTom, 11/30/2012 3:32:39 PM     (No. 9041818)

Finders keepers

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Reply 3 - Posted by: MindMadeUp, 11/30/2012 4:15:19 PM     (No. 9041869)

But wait! Spain first stole the gold from indigenous New World persons! It belongs to the native Americans. And, since I have a few drops of that blood, I want my share!!

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Reply 4 - Posted by: billp, 11/30/2012 4:19:22 PM     (No. 9041873)

I´m really astounded by this whole thing. An American company spent their time, resources and energy recovering a ´lost treasure´. The gold and silver apparently originally was taken from central/south America and was lost at sea. Now comes the Spanish government claiming not only all the booty found (for which they expended nothing to obtain), but the time, resources and energy expended to find it, as their own. Not satisfied with that, they also want this American company to shell out the money to pay for the legal expenses to seize the treasure. And then I wonder, if a US military plane was used to ferry the loot back to Spain, who paid for that… us I bet.

Governments have become useless for anything other than stealing from the productive peoples of the world.


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Reply 5 - Posted by: TheMotherCO, 11/30/2012 5:08:58 PM     (No. 9041929)

Spain has no right to anything ever - big old pirates for years when they figured out how to make a ship that would not sink. Judges like this one should be kicked off of the bench, however, he is probably a permanent idiot like a couple of our supremes. Tossing it back in the sea would be ideal and tell them they can have it if they can find it.

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Reply 6 - Posted by: dr.lakerman, 11/30/2012 6:32:10 PM     (No. 9042028)

#3 is worse yhan that. Spain would go into a south american area, enslave the natives, and work them to death in the gold and silver mines.
Spain has no more right to that salvage operation product than I do.
But the federal district court judge is on the side of spain. There should not even be U.S. jurisdiction over the matter. I thought the laws of the sea were pretty clear up until now.

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It may not look much, but this lost
treasure fought over by Spain and U.S.
salvage firm is worth $500 million
Daily Mail [UK], by Jill Reilly    Original Article
Posted By: Bill the Cat- 11/30/2012 3:00:51 PM     Post Reply
A treasure haul salvaged from a sunken Spanish galleon sunk by British warships in 1804 was unveiled today. The loot was found in the wreck of Nuestra Senora de las Mercedes and had been at the centre of a five-year legal battle between a U.S. salvage company and Spain. US firm Odyssey Marine Exploration found the lost treasure off Portugal´s Atlantic coast in 2007. At the time, the treasure was estimated to be worth $500m (£316m).
Headline split by staff.

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