Tuesday, February 15, 2011

$500 Million Treasure in Sunken Coins Emerge Into Global Tug of War


For 200 years, the silver coins settled silently into the Atlantic seabed, 1000m beneath the waves.

They gathered in clumps like rocks across a vast swathe of ocean floor near southern Portugal, crusting over with sediment and weighing 17 tonnes.

The coins were certainly of no use to the 250 sailors who carried them from Peru on what was probably the Spanish frigate Nuestra Senora de las Mercedes, which sank in 1804, torn apart by British cannon fire.

But now . . .

Full story at: The New Zealand Herald

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