A company that searches for sunken treasure may have recovered the biggest collection of coins ever salvaged from a shipwreck.
Odyssey Marine Exploration has said that it has found more than 500,000 silver coins weighing 17 tonnes and hundreds of gold coins from a ship that sank in the Atlantic Ocean during the British colonial period.
The company did not disclose the location of the wreck code named “Black Swan” or the identity of the vessel. The silver coins could retail as much as U.S. $ 4,000 each, while the gold pieces are estimated to bring in substantially higher values.
The shipwreck was found beyond the territorial waters or legal jurisdiction of any country and treasure is not the property of any nation based on the Law of the Sea Convention – the company states.
The wreck was found in an area where many ships were lost during the British North American colonial era.
Related Websites - 3 Ways to Determine Gold Coin Prices There are many different kinds of coins you can collect. You can collect the standard coins which are distributed throughout society. You can also collect all of the commemorative coins which are designated to pay respects to the different states,...
- 3 Things to Know About the Most Valuable Silver Coin The most valuable silver dollar is the 1804 Silver Dollar with the Draped Bust. As a side note, this coin is not only the most valuable in the silver coin category; it is presently the most valuable in the world....
- The 3 Most Sought After Collectors Coins from the Old West The coins produced during the period of time in American history when the Western United States was being settled are some of the most sought after collectors coins for those who are Old West enthusiasts. Below is some information about...
- Gold Jumps: Has It Become Correlated To The Stock Market? I've been an avid collector of gold and silver coins and have been following the prices for a years. Gold is supposed to have a negative correlation with the stock market. This year has proved otherwise. Of course, as we've...