Shocked Nobody Is Talking About This - Page 2

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Author	Replies: 23 / Views: 3,488	Page: of 2

starbuxinvestor Pillar of the Community United Kingdom 616 Posts	Posted 07/23/2013 9:21 pm The ship was 3 miles down. My guess is if you confirm before (since they acknowledge Brittain to be the rightful owner) you would lose some your leverage. Their costs are the same either way. Only thing having a confirmed find does is make the owner greedy. The silver was found by the only publicly trade treasure hunting company. MyNot like you could hide and expedition like that. My guess conversation went something like this. We believe we know where to locate SS Gairsoppa, if we can and are able to salvage the cargo we would like 80% to cover our costs plus a profit. You gentlemen will get 20% for merely signing your name and taking zero risk. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 07/23/2013 10:56 pm A bit of speculation on my part but I would say there is a good chance that some of the silver on board the SS Gairsoppa came from melted Morgan silver dollars. The Pittman Act of 1918 allowed for the melting of up to 350 million silver dollars and 270 million were eventually melted. The purpose of the Pitmann Act was to provide Britain with a large quantity of silver that they used to prop up the currency in India. The currency needed to be propped up because Germany was making a desperate attempt to attack Great Britain by undermining their colonial power in India, essentially opening an economic battlefront on Britain during the waning days of WWI. Report this Post to the Staff
austrokiwi Pillar of the Community 2087 Posts	Posted 07/25/2013 01:20 am The reason being, that the bars will be melted down is... the silver from India was poorly refined at the time the bars were shipped. As a result "there's gold in them bars". That company will make a considerable profit from re-refining those bars. Odyssey Marine knows about the gold..when they first made the discovery in 2011 the gold content(0.04%) was reported. It is unlikely that the silver is from Morgan dollars( because of the gold content) Edited by austrokiwi 07/25/2013 01:21 am Report this Post to the Staff
Cali_Nick Valued Member United States 307 Posts	Posted 07/29/2013 10:33 pm Perhaps this has something to do with the drop in Silver Prices last year? Report this Post to the Staff
Isos Valued Member United States 62 Posts	Posted 08/01/2013 12:41 am Are salvage operations negotiated with governments on a case-by-case basis then? Or is there some "statute of limitations" for old wrecks? Wouldn't anything in international waters be fair game? Report this Post to the Staff
publius Pillar of the Community United States 807 Posts	Posted 08/01/2013 01:25 am Quite the opposite, actually. It's a rule of international law that property of a sovereign state is not alienated by lapse of time. So, if you dive a wreck in international waters & pull up something valuable which belonged to a government at the time it sank, the successor to that government can sue you for recovery. Spain has done exactly that to some folks who recovered treasure from Spanish wrecks without prior agreement. On the other hand, if you're within the territorial waters of some other sovereign state, the treasure-trove laws of the latter may protect you. Report this Post to the Staff
Isos Valued Member United States 62 Posts	Posted 08/01/2013 10:51 am That's quite bizarre. It makes me wonder how many "secret" salvage operations happen. Report this Post to the Staff
Bacchus2 Pillar of the Community United Kingdom 2891 Posts	Posted 08/01/2013 6:04 pm Quote: My guess conversation went something like this. We believe we know where to locate SS Gairsoppa, if we can and are able to salvage the cargo we would like 80% to cover our costs plus a profit. You gentlemen will get 20% for merely signing your name and taking zero risk Can you expand on what you mean by this? My Papal States coin collection: https://diadumenian.com/Papal%20Sta...0States.html Medieval coins collection: https://diadumenian.com/Congressofp...0Europe.html Indian Rupee Collection: https://diadumenian.com/Congressofp...0Rupees.html Minor world Silver: https://diadumenian.com/Congressofp...20coins.html Report this Post to the Staff
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