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Spain In US Court Today Over Black Swan Treasure

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bobby131313's Avatar
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 Posted 06/10/2008  10:46 am Show Profile   Bookmark this topic Add bobby131313 to your friends list Get a Link to this Message Number of Subscribers
Spain-In-US-Court-Today-Over-Black-Swan-Treasure
Spain in U.S. Court Today over Black Swan Treasure
A battle royale over an estimated $500 million treasure that a Florida deep-sea salvage company found last year is due for a fresh round in court in Florida on Monday.

The Spanish government now says the 500,000 silver and gold coins that the company, Odyssey Marine Exploration, found last year in the Atlantic Ocean near Spain came from one of its ships that sunk in a 19th-century naval battle. Spain wants the entire treasure returned, but Odyssey insists Spain may have no right to it.

Lawyers for both sides are due to present arguments Monday morning in a U.S. federal court in Tampa, Florida, in another round of the case that started last year, Odyssey spokeswoman Natja Igney told CNN.

Odyssey found the coins last year and quietly airlifted them in crates from Gibraltar, a British colony on Spain's southern tip, to Florida for safekeeping. The company then said it was unclear how the huge quantity of coins it found on the seabed had gotten there. It declined to reveal the location, citing security reasons, and mysteriously dubbed the site "Black Swan."

But the Spanish government, at a recent Madrid news conference, said it's really not so complicated.


Quote:
"The mystery is over," said James Goold, a U.S. lawyer representing Spain, told the news conference. "Using a variety of methods to conceal what it was doing, Odyssey Marine Exploration stripped the gravesite that is the Spanish navy warship Nuestra Senora de las Mercedes of coins and other objects. The coins and other artifacts that Odyssey took from the site are documented to have been on the Mercedes," Goold said.


The Mercedes was a 34-gun frigate, a ship very common at the time in the Spanish navy. The Mercedes left Peru, stopped in Uruguay and was just a day's sail from Spain when the four-ship Spanish squadron was attacked by a British fleet in October 1804, according to a Spanish government's filing to the Florida court.

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biokemist6's Avatar
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 Posted 06/10/2008  12:03 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
IMO, Spain does not deserve a single bit! They abandoned their ship and never searched for it. I am sure Spain as a government possesses the resources to have found this treasure if they had actually wanted to look for it but it apparently was unimportant to them until someone else brought it up. Odyssey spent all of their time and money to not only locate it but also the dangerous job of recovery. Spain claims it was a "sovereign warship" except for the fact that Spain tended to use naval vessels as merchant ships too which negates the sovereign aspect. Not to mention the fact that none of it really belonged to Spain in the first place- it was all plunder from South America!
Edited by biokemist6
06/10/2008 12:03 pm
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Sap's Avatar
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 Posted 06/11/2008  06:28 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I think Spain has some rights to the treasure, but I believe their "all or nothing" attitude is not helping their cause. And the "war grave" line is just an emotive legal ruse, designed to get Americans thinking about how they'd feel if someone looted the Arizona. if Spain wins, and doesn't dump all those coins back in the sea where they came from, they prove that they're really after the loot themselves, rather than concern over desecrated war graves.

On the other side, Odyssey's "we're still not sure it's Spanish" attitude is a bit precious, too. They knew or strongly suspected they had a Spanish wreck, and knew Spain's 'touchiness' in regard to looting their wrecks; that's why there was so much cloak-and-dagger secrecy about smuggling the haul out of Gibraltar.

Quote:
biokemist6 said:
Not to mention the fact that none of it really belonged to Spain in the first place- it was all plunder from South America!

Now, that's a bit radical. One could use a logically very similar argument to the one you just used against Spain to negate this point: that the Incas and Aztecs never bothered mining all that silver and if they wanted to keep it, they should have tried harder to stop the Spanish from conquering and plundering them. The Spanish put in all the effort into mining it, refining it and coining it, so they deserve to keep it.

Not arguments I necessarily agree with, I must add, but they could be made.

So why didn't Spain go after the wreck themselves? According to the Coinlink article:

Quote:
from the Coinlink article
...the Mercedes exploded...

Presumably the Spanish had always assumed that there wouldn't be enough left of it to find. Or, they tried to find it, but the wreck was so unrecognisable they didn't have the technology to search properly. Odyssey took the gamble that this was not the case, and have the latest in technological aids to help tip the odds in their favour. In this instance the gamble paid off.

As a collector, of course, I'm hoping that Odyssey wins, and wins convincingly, so the coins can find their way onto the collector market. Behind Spain's challenge is the "archaeologist mindset" that collectors are evil and all old things belong in public museums, not private collections. If Spain wins, the coins will most likely wind up in some government-owned, poorly funded naval museum, spending most if not all of their time locked away in a storeroom, inaccessible to anyone who doesn't have an archaeology degree.
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 Posted 06/11/2008  1:07 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Personally, I find the "archaeologist mindset" as applied in this context rather tenuous, since shipwrecks don't actually provide much useful data other than inventories of individual artifacts in use at the time. Perhaps there's something to the location of the cargo and the dynamics of the ship's breakup, but that still must be extrapolated from a working theory. That's in stark contrast to the historical record preserved in situ at a settlement over large spans of time--which has far more value to those who study past cultures.

I suppose I know little about this subject other than working in university-level archaeology publishing, yet I haven't observed where coins in of themselves figured in any significant way towards studying past cultures--excepting how their inscriptions and symbols fit into a larger story. They're only important within a larger cultural context of deposition, and in the case of shipwrecks that's mostly a non-issue. I can only suspect that archaeologists, museums, universities and governments simply want these coins for the same reason as salvagers: they are valuable.
Edited by KurtS
06/11/2008 4:53 pm
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LlacerSBD's Avatar
Spain
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 Posted 06/11/2008  4:54 pm  Show Profile   Bookmark this reply Add LlacerSBD to your friends list Get a Link to this Reply
Hello
Of course, the spanish opinion it's very different. Here, the Odissey company is considered a pirate, only recovering coins and despite other interesting pieces.

But, my opinion is other. All coins recovered for Odissey company are made in China, then deeped some years on the ocean to get sea-luster.
Then a marketing and talked for the newsagents. When appears on TV with mysteriously....
I'm not sure, but any numismatic historicien was saw the coins.
Probably this is only a big counterfeit operation.

Regards Joan
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Archraz's Avatar
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 Posted 06/11/2008  9:27 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
LlacerSBD- interesting theory. But I doubt that such an elaborate scheme could be pulled off. But then again, the Chinese do love to counterfeit colonial Spanish coins, so who knows. I bet the coins are legit though.
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