Discovering a 19th-century Fortune: Unveiling the World’s Richest Treasure Valued at Up to 500 Million USD, Salvaged from the Depths of the Atlantic Ocean after 200 Years

Two military planes laden with 17 tons of silver and gold coins scooped up from a Spanish warship that sank during a 1804 gunbattle landed in Spain today, ending a 200-year odyssey that took the treasure from an ocean floor to Florida courtrooms.

The planes landed with the 594,000 coins and other artifacts retrieved after a five-year legal wrangle with the Florida-based salvage company Odyssey Marine Exploration, which had taken the haul to the U.S. in May 2007.

Once the treasure is offloaded from the planes it will be transported to an undisclosed location, state broadcaster RTVE said.

image

Sovereign claim: These are among nearly 600,000 coins recovered from a sunken Spanish galleon which are due to be returned to Spain today after a long legal fight

image

Gently does it: the cargo of gold and silver coins is about to be lowered onto the tarmac after more than 200 years

image

Home at last: part of the treasure from the 19th-centuary Spanish galleon that landed in Madrid today following a long legal battle

The deep-sea explorers found the treasure in a shipwreck, believed to be Nuestra Senora de las Mercedes, off Portugal’s Atlantic coast.

British warships had sunk it as it approached Spain as part of a fleet that had traveled from South America. The Mercedes was believed to have had 200 people aboard when it exploded and sank.

Odyssey made international headlines when it discovered the wreck, estimating the trove to be worth as much as $500 million to collectors, making the haul one of the richest ever.

image

Read it and weep: A Spanish military commander signs a document that recognises that Spain assumes the custody of the treasure trove before taking off to Spain from the McDill air base in Tampa, Florida

image

Keeping track: A member of Spain’s Culture Ministry documents one of the coins from the sunken Nuestra Senora de las Mercedes

The Tampa-based salvage outfit had used a remote-controlled submersible to explore the depths and bring items including cannon balls and other metal fragments to a surface ship, and argued that it was entitled to the treasure.

The Spanish government challenged Odyssey’s ownership in U.S. District Court soon after the coins were flown back to Tampa, relying on documents from its naval archive which listed Mercedes as a naval warship.

image

International treaties generally hold that warships sunk in battle are protected from treasure seekers and the Spanish government successfully argued that it had never relinquished ownership of the ship or its contents.

A federal district court first ruled in 2009 that U.S. courts didn’t have jurisdiction, and ordered the treasure returned.

Odyssey then lost every round in federal courts trying to hold on to the treasure, as the Spanish government painted them as modern-day pirates plundering the nation’s cultural heritage.

image

On Thursday the Peruvian government made an emergency appeal to the U.S. Supreme Court seeking to block transfer of the treasure to give that nation more time to make arguments in federal court about its claim to being the rightful owner.

Peru says the gold and silver was mined, refined and minted in that country, which at the time was part of the Spanish empire. The appeal was directed to Justice Clarence Thomas, who did not indicate when he would respond.

U.S. courts had previously rejected claims by descendants of the Peruvian merchants who had owned the coins aboard the Mercedes.

‘Peru is making the same arguments that have been rejected at every level of the U.S. courts,’ said James Goold, a Washington attorney who represents the Spanish government. ‘There’s absolutely nothing new in it.’

image

Eyeing it up: A member of Spain’s Culture Ministry looks at some of artifacts as the final stages of the legal battle comes to a close

image

History in the hand: Spain has said that the coins are classified as national heritage and must stay inside the country, where they will be exhibited in one or more museums

The head spokesman for Peru’s embassy in Washington, Rodolfo Pereira, declined to comment yesterday on the appeal.

Spanish officials said last week the planes would leave by Friday, and MacDill authorities planned a news conference on the base Friday morning with the ambassador and other officials.

image

The planes were expected to be already loaded with pallets holding the white plastic buckets filled with coins.

Odyssey – which uses a remote-controlled submersible to explore the depths and bring the tiniest of items to the surface – had previously argued that as the finder it was entitled to all or most of the treasure.

The Spanish government filed a claim in a U.S. District Court soon after the coins were flown back to Tampa, contending that it never relinquished ownership of the ship or its contents.

image

Trove: This picture shows hundreds of the silver coins recovered by Odyssey from the seabed off the coast of Portugal

image

Hunting the loot: Crew members of the Florida-based Odyssey Marine Exploration used a remote-controlled submersible to bring the coins to the surface

A federal district court first ruled in 2009 that the U.S. courts didn’t have jurisdiction, and ordered the treasure returned.

Odyssey had argued in federal court that the wreck was never positively identified as the Mercedes. And if it was that vessel, the company contended, then the ship was on a commercial trade trip – not a sovereign mission – at the time it sank, meaning Spain would have no firm claim to the cargo.

image

International treaties generally hold that warships sunk in battle are protected from treasure seekers. Odyssey lost every round in federal courts trying to hold on to the treasure.

In a court hearing on February 17, the company was ordered by a federal judge to give Spain access to the treasure this week to ready it for transport.

image

How it all started: This painting shows the Nuestra Senora de las Mercedes being sunk by the Royal Navy as it makes it way back from South America in 1804

Odyssey said it would no longer oppose Spain’s claims. Meanwhile, the court also ordered that Odyssey had to turn over some coins and other artifacts that are still in Gibraltar.

The company has blamed politics for the courts’ decisions since the U.S. government publicly backed Spain’s efforts to get the treasure returned.

In several projects since then, Odyssey has worked with the British government on efforts to salvage that nation’s sunken ships, with agreements to share what it recovers.

image

The company has said in earnings statements that it has spent $2.6million salvaging, transporting, storing and conserving the treasure.

But it is not expected to receive any compensation from the Spanish government for recovering it because the European nation has maintained that the company should not have tried to do so in the first place.

Goold previously has likened the salvage of shipwrecks for profit to diving for souvenirs on the wreck of the USS Arizona in Pearl Harbor, Hawaii.

In Madrid, the Spanish Culture Ministry recently said the coins are classified as national heritage and – as such – must stay inside that country where they will be exhibited in one or more Spanish museums.

It ruled out the idea of the treasure being sold to ease Spain’s national debt in a country grappling with a 23 percent jobless rate and a stagnant economy.

Related Posts

BREAKING: Lamar Jackson Leaves Everyone Jealous with the Jaw-Dropping Million-Dollar Gift He Gave Girlfriend Jaime Taylor for Their 5th Anniversary—A Rare Surprise That Has Fans Wishing for a Boyfriend Like Him!

BREAKING: Everyone is Jealous of the Million Dollar Gift That Lamar Jackson Gave His Girlfriend Jaime Taylor on Their 5th Wedding Anniversary – A Tesla Car In an extraordinary show…

Read more

Taylor Swift Is ‘Fully Encouraging’ Travis Kelce to Keep Playing Football amid Retirement Rumors

“I got all the support in the world to keep chasing these dreams,” Kelce told Stephen A. Smith Taylor Swift (left) and Jason Kelce in October 2024. Photo: TheStewartofNY/GC Images Taylor Swift is…

Read more

Unbelievable Birthday Surprise: Mike Tomlin Stuns Wife Kiya Winston on Her 52nd Birthday with a Nearly $1 Million Gift—Fans Can’t Stop Talking About His Generosity!

Fans React to Mike Tomlin’s Generosity as He Surprises Wife Kiya Winston with $1 Million Rolls-Royce Boat Tail for Her 52nd Birthday In a heartwarming and luxurious gesture, Pittsburgh Steelers…

Read more

Heartbreaking Twist: TJ Watt’s Pregnancy Announcement About His Wife Leaves Fans Worried and Saddened—What’s Really Going On?

Pittsburgh Steelers star TJ Watt recently shared heartwarming news that he and his wife, Dani Rhodes, are expecting their first child. While the announcement has been met with joy and…

Read more

Jason Kelce’s Wife Kylie Receives Big Offers From 2 Multi-Billion-Dollar Corporations After ESPN Role Announcement

Kylie Kelce, wife of Philadelphia Eagles center Jason Kelce, has become a hot topic in recent days after her involvement with ESPN was announced. This new role has not only highlighted her growing presence in the media world but also attracted major interest …

Read more

Unmasking KC Wolf: Kansas City Chiefs Finally Reveal the Face Behind Their Iconic Mascot During a Spectacular Celebration of His Major Milestone!

KC Wolf (via Getty Images) The Kansas City Chiefs are currently one of the most famous franchises in the NFL and will continue to be so long as quarterback Patrick Mahomes is with the team. One mascot who will undoubtedly benefit from that is KC Wolf. …

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *