Tuesday, May 22, 2007

Treasure of the 'Pirates of the Atlantic' : The Richest Sunken Treasure Ever Discovered :Worth USD 500 Million!

Odyssey Marine, a marine exploration company, has struck gold- the biggest shipwreck treasure in history worth estimated USD 500 million. The find contains over 500,000 pieces from the Colonial Era, and each piece is estimated to bring $1000 from collectors. "I don't know of anything equal or comparable to it.", said Nick Bruyer, a coin expert who has seen coins found in the wreckage. He noted a range of varieties and dates of coins that are probably uncirculated.

The real life sunken treasure is discovered in the Atlantic Ocean, in a high traffic area where many colonial era vessels were believed to have been sunken. The site is near the English Channel, located about 40 miles off England's coastline. Because the shipwreck was found in a shipping lane where many colonial-era vessels went down, there is still some uncertainty about its nationality, size and age, although evidence points to a specific known shipwreck.

Calling the project "Black Swan," Odyssey isn't releasing details about the coins for security reasons. Nor they are talking about the types, denominations and country of origin of the coins. Till now (20.05.2007), they only indicated an announcement would be forthcoming. Court records indicate the coins might come from a 400-year-old ship found off England and the site of the ship is out of any country's territorial jurisdiction.

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