Spain Claims All Treasure From The Black Swan

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Author	Replies: 4 / Views: 1,731
bobby131313 Forum Dad United States 24150 Posts	Posted 05/10/2008 4:25 pm MADRID, Spain: Spain laid formal claim Thursday to a shipwreck that yielded US$500 million (€324 million) in treasure, saying it has proof the vessel is Spanish and demanding that a U.S. deep-sea exploration firm that recovered the booty give it all back. Culture Ministry officials said the 19th-century shipwreck at the heart of a year-old dispute with Odyssey Marine Exploration is the Nuestra Senora de las Mercedes — a Spanish warship sunk by the British navy southwest of Portugal in 1804 with more than 200 people on board. The Spanish government filed evidence Thursday backing up its claim with a U.S. federal judge hearing the case in Tampa, Florida, where Odyssey is based. Washington-based lawyer James Goold, who represents the Spanish government in the case, said U.S. Magistrate Judge Mark Pizzo would now convene the two parties to review the case before deciding who gets to keep the treasure. Quote: "It is the property of the Spanish navy, government and people, and we want it all back," said Admiral Teodoro de Leste Contreras, who runs a naval museum owned by the ministry. Goold said at a news conference in Madrid that he expected Odyssey would keep "not a penny" of the salvage. Spain argues the entire treasure should be returned because naval vessels never cease to be the property of the nation that flagged them, regardless of where they lay, under the principle of sovereign immunity, Goold said. "Spain has not abandoned or otherwise relinquished in any way its ownership of Mercedes," Spain argued in Thursday's court filing. Odyssey said it would issue a statement after reviewing Spain's claim and the file provided Thursday to the U.S. court. But company officials has said in the past they believed the court would award them most of the treasure, as they had found it. Read Full Story All Recent News Shop CCF Members on eBay. Report this Post to the Staff

Jim1953 Pillar of the Community United States 2600 Posts	Posted 05/10/2008 9:43 pm It would be interesting to know the exact items found. If any of it is from South America, where much was stolen, would not they then have final claim? Jim Report this Post to the Staff
josie Valued Member Ireland 498 Posts	Posted 05/13/2008 3:51 pm There is an article I read in the past,about expert on ancient coins thinking of drilling roman coins to know which mine it came from and who supplies metals to rome and how far the influence and control of the roman empire then. Just wondering where did Spain gets all its metals,gold and silver for its coins,which country did they mine it. Drilling of coins came about for experts know that their is a different metal signature for each mine and metals found in them. Oh well other countries will not abandoned other things,if that is the case they will not abandoned their other responsibilities and obligation if their is any,Spain can pay for its damages during its long conquest in other part of the world. Report this Post to the Staff
jbuck Moderator United States 187950 Posts	Posted 05/14/2008 11:48 am One can argue that if Spain made little or no effort to recover their loss in the last two hundred years that they should lose their claim. The pundits on cable news seem to think Spain will have cede half of it to the recovery firm. $250 million is still a good haul, IMHO. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
josie Valued Member Ireland 498 Posts	Posted 05/14/2008 2:30 pm Still lots of question about this article. Sometimes novice or amateur collector search for coins and research on them,it takes time,money and effort. Much more on professionals collectors and investor. Much more on numismatic. Much more on historian. I just wonder what the odeyssy crew have been through to just gather the info.pouring their time effort and money into it. And voyage or adventure in retrieving or salveging those items,risking limb and life sailing across the atlantic and far away from their family and love ones. On the other side Spain will claim it. And why all those precious metal is going to Spain?what is the reason?what is the story? How did Spain govern Peru in those time? And what is the situation of Great Britain and Spain on those time? And what is the state of Spain in those time? And what is the state of Europe on those time? Good to know what is the story behind it. courtroom battle,history and salvage operation. Hope someone in hollyood will make a movie out of it,historically accurate or precise in all sides. Report this Post to the Staff
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